Luxfer Holdings PLC Stock Forecast
Red day on Wednesday for Luxfer Holdings PLC stock after losing 1.12%
(Updated on Apr 24, 2024)
The Luxfer Holdings PLC stock price fell by -1.12% on the last day (Wednesday, 24th Apr 2024) from $9.79 to $9.68. During the last trading day the stock fluctuated 2.73% from a day low at $9.51 to a day high of $9.77. The price has fallen in 5 of the last 10 days and is down by -2.71% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 87 thousand shares were bought and sold for approximately $844.13 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 31.09% during the next 3 months and, with a 90% probability hold a price between $12.55 and $15.89 at the end of this 3-month period.
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LXFR Signals & Forecast
There are few to no technical positive signals at the moment. The Luxfer Holdings PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.77 and $10.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -12.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Luxfer Holdings PLC stock
Luxfer Holdings PLC finds support from accumulated volume at $9.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.260 between high and low, or 2.73%. For the last week the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LXFR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Luxfer Holdings PLC to open at $9.65, and during the day (based on 14 day Average True Range), to move between $9.34 and $10.02, which gives a possible trading interval of +/-$0.344 (+/-3.55%) up or down from last closing price. If Luxfer Holdings PLC takes out the full calculated possible swing range there will be an estimated 7.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.51 (1.76%) than the resistance at $9.90 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Luxfer Holdings PLC will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0800. We will update the financials statements for Luxfer Holdings PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.51% in the first trading day after earnings release.
Is Luxfer Holdings PLC stock A Buy?
The Luxfer Holdings PLC stock holds several negative signals and despite the positive trend, we believe Luxfer Holdings PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.585 Sell Candidate Unchanged
Predicted Opening Price for Luxfer Holdings PLC of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.65 ( 0.275%) | $9.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LXFR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.91 | 2.41 % | |
| R2 | 9.81 | 1.38 % | ||
| R1 | 9.75 | 0.751 % | ||
| Current price: | 9.68 | |||
| Support | S1 | 9.55 | -1.30 % | |
| S2 | 9.49 | -1.94 % | ||
| S3 | 9.39 | -2.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.67 | 10.23 % | |
| R2 | 10.44 | 7.85 % | ||
| R1 | 9.90 | 2.27 % | ||
| Current price | 9.68 | |||
| Support | S1 | 9.51 | -1.76% | |
| S2 | 8.23 | -14.98% | ||
| S3 | 7.98 | -17.56% |
LXFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 18, 2024 | May 08, 2024 | $0.130 | 1.34% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Feb 07, 2024 | $0.130 | 1.68% |
| 3 | Oct 02, 2023 | Oct 12, 2023 | Nov 01, 2023 | $0.130 | 1.55% |
| 4 | Jun 29, 2023 | Jul 13, 2023 | Aug 02, 2023 | $0.130 | 1.05% |
| 5 | Apr 03, 2023 | Apr 13, 2023 | Aug 02, 2023 | $0.130 | 1.05% |
FAQ
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