LSI Industries Inc. Stock Forecast
LSI Industries Inc. stock price ended at $13.99 on Thursday, after gaining 0.143%.
(Updated on Apr 18, 2024)
The LSI Industries Inc. stock price gained 0.143% on the last trading day (Thursday, 18th Apr 2024), rising from $13.97 to $13.99. During the last trading day the stock fluctuated 1.19% from a day low at $13.90 to a day high of $14.06. The price has fallen in 6 of the last 10 days and is down by -7.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 97 thousand shares were bought and sold for approximately $1.35 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.99 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 7.92% during the next 3 months and, with a 90% probability hold a price between $15.10 and $17.08 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LYTS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.143%. Further rise is indicated until a new top pivot has been found. LSI Industries Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The LSI Industries Inc. 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 $14.33 and $14.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for LSI Industries Inc. stock
LSI Industries Inc. finds support from accumulated volume at $13.75 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.165 between high and low, or 1.19%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LYTS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect LSI Industries Inc. to open at $13.98, and during the day (based on 14 day Average True Range), to move between $13.63 and $14.35, which gives a possible trading interval of +/-$0.361 (+/-2.58%) up or down from last closing price. If LSI Industries Inc. takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.03 (0.29%) than the support at $13.75 (1.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
LSI Industries Inc. will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.160. We will update the financials statements for LSI Industries Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.72% in the first trading day after earnings release.
Is LSI Industries Inc. stock A Buy?
The LSI Industries Inc. stock holds several negative signals and despite the positive trend, we believe LSI Industries Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.097 Sell Candidate Unchanged
Predicted Opening Price for LSI Industries Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $13.98 ( 0.0596%) | $13.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.15 | 1.12 % | |
| R2 | 14.08 | 0.669 % | ||
| R1 | 14.04 | 0.391 % | ||
| Current price: | 13.99 | |||
| Support | S1 | 13.92 | -0.510 % | |
| S2 | 13.88 | -0.788 % | ||
| S3 | 13.82 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.50 | 3.65 % | |
| R2 | 14.08 | 0.643 % | ||
| R1 | 14.03 | 0.286 % | ||
| Current price | 13.99 | |||
| Support | S1 | 13.75 | -1.72% | |
| S2 | 13.74 | -1.79% | ||
| S3 | 13.63 | -2.57% |
LYTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 02, 2024 | Feb 13, 2024 | $0.0500 | 0.364% |
| 2 | Nov 01, 2023 | Nov 10, 2023 | Nov 21, 2023 | $0.0500 | 0.379% |
| 3 | Aug 16, 2023 | Aug 25, 2023 | Sep 05, 2023 | $0.0500 | 0.317% |
| 4 | Apr 21, 2023 | May 05, 2023 | May 16, 2023 | $0.0500 | 0.406% |
| 5 | Jan 26, 2023 | Feb 03, 2023 | Feb 14, 2023 | $0.0500 | 0.341% |
FAQ
Click here for our free guide on how to buy LSI Industries Inc. Stock.
