Lonza Group Ltd Stock Forecast
Lonza Group Ltd stock upgraded to Buy Candidate.
(Updated on Apr 23, 2024)
The Lonza Group Ltd stock price gained 3.38% on the last trading day (Tuesday, 23rd Apr 2024), rising from $55.69 to $57.57. During the last trading day the stock fluctuated 0.84% from a day low at $57.57 to a day high of $58.06. The price has fallen in 7 of the last 10 days and is down by -4.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 64 thousand more shares were traded than the day before. In total, 93 thousand shares were bought and sold for approximately $5.34 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.26% during the next 3 months and, with a 90% probability hold a price between $67.41 and $78.40 at the end of this 3-month period.
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LZAGY Signals & Forecast
The Lonza Group Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $56.72 and $56.83. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.36%. 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).
Support, Risk & Stop-loss for Lonza Group Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $54.09 and $48.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lonza Group Ltd finds support just below today's level at $54.09. If this is broken, then the next support from accumulated volume will be at $48.90 and $44.10.
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 $0.485 between high and low, or 0.84%. For the last week, the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: $54.49 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (LZAGY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Lonza Group Ltd to open at $57.73, and during the day (based on 14 day Average True Range), to move between $56.32 and $58.82, which gives a possible trading interval of +/-$1.25 (+/-2.16%) up or down from last closing price. If Lonza Group Ltd takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $58.72 (2.00%) than the support at $54.09 (6.04%), 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.
Is Lonza Group Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lonza Group Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.614 Buy Candidate Upgraded
Predicted Opening Price for Lonza Group Ltd of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $57.73 ( 0.281%) | $57.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LZAGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.22 | 1.12 % | |
| R2 | 58.03 | 0.80 % | ||
| R1 | 57.92 | 0.603 % | ||
| Current price: | 57.57 | |||
| Support | S1 | 57.55 | -0.0410 % | |
| S2 | 57.43 | -0.240 % | ||
| S3 | 57.25 | -0.562 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.91 | 4.06 % | |
| R2 | 59.43 | 3.23 % | ||
| R1 | 58.72 | 2.00 % | ||
| Current price | 57.57 | |||
| Support | S1 | 54.09 | -6.04% | |
| S2 | 48.90 | -15.06% | ||
| S3 | 44.10 | -23.40% |
LZAGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 04, 2023 | May 09, 2023 | May 26, 2023 | $0.378 | 0.597% |
| 2 | May 09, 2022 | May 09, 2022 | May 26, 2022 | $0.313 | 0.545% |
| 3 | May 10, 2021 | May 10, 2021 | May 27, 2021 | $0.327 | 0.514% |
| 4 | Apr 24, 2019 | Apr 24, 2019 | Apr 24, 2019 | $0.275 | 0.91% |
| 5 | May 08, 2018 | May 08, 2018 | May 08, 2018 | $0.297 | 1.14% |
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