RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LZB
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La-Z-Boy Incorporated stock price ended at $37.62 on Thursday, after gaining 0.91%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 2.53% PDF

The La-Z-Boy Incorporated stock price gained 0.91% on the last trading day (Thursday, 28th Mar 2024), rising from $37.28 to $37.62. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.37% from a day low at $37.36 to a day high of $37.87. The price has risen in 8 of the last 10 days and is up by 4.36% over the past 2 weeks. Volume fell on the last day by -57 thousand shares and in total, 329 thousand shares were bought and sold for approximately $12.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak 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 3.00% during the next 3 months and, with a 90% probability hold a price between $36.47 and $40.70 at the end of this 3-month period.

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LZB Signals & Forecast

The La-Z-Boy Incorporated 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 $36.98 and $37.06. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, March 01, 2024, and so far it has fallen -1.62%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for La-Z-Boy Incorporated stock

La-Z-Boy Incorporated finds support from accumulated volume at $36.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.510 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.71%.

Our recommended stop-loss: $36.35 (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (LZB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect La-Z-Boy Incorporated to open at $37.62, and during the day (based on 14 day Average True Range), to move between $36.68 and $38.56, which gives a possible trading interval of +/-$0.94 (+/-2.50%) up or down from last closing price. If La-Z-Boy Incorporated takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.75 (0.35%) than the support at $36.67 (2.53%), 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 La-Z-Boy Incorporated stock A Buy?

La-Z-Boy Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.585 Hold/Accumulate Unchanged

Predicted Opening Price for La-Z-Boy Incorporated of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$37.62 ( 0.0089%) $37.62

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LZB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 38.13 1.35 %
R2 37.93 0.83 %
R1 37.81 0.509 %
Current price: 37.62
Support S1 37.42 -0.527 %
S2 37.30 -0.85 %
S3 37.11 -1.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 38.91 3.43 %
R2 37.84 0.585 %
R1 37.75 0.346 %
Current price 37.62
Support S1 36.67 -2.53%
S2 36.53 -2.90%
S3 36.43 -3.16%

LZB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 04, 2024 Mar 15, 2024 $0.200 0.547%
2 Nov 29, 2023 Dec 08, 2023 Dec 18, 2023 $0.200 0.547%
3 Aug 22, 2023 Sep 05, 2023 Sep 15, 2023 $0.180 0.564%
4 May 02, 2023 Jun 01, 2023 Jun 15, 2023 $0.182 0.653%
5 Feb 21, 2023 Mar 06, 2023 Mar 15, 2023 $0.182 0.635%

FAQ

What is the symbol for La-Z-Boy Incorporated Stock and on which exchange is it traded?
The symbol for La-Z-Boy Incorporated is LZB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell La-Z-Boy Incorporated Stock?
La-Z-Boy Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy La-Z-Boy Incorporated Stock?
La-Z-Boy Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy La-Z-Boy Incorporated Stock.

What's the current price of La-Z-Boy Incorporated Stock?
As of the end of day on the 2024-03-28, the price of an La-Z-Boy Incorporated (LZB) share was $37.62.

What is the 52-week high and low for La-Z-Boy Incorporated Stock?
The 52-week high for La-Z-Boy Incorporated Stock is $39.87 and the 52-week low is $25.12.

What is the market capitalization of La-Z-Boy Incorporated Stock?
As of the 2024-03-28, the market capitalization of La-Z-Boy Incorporated is 1.604B.

When is the next earnings date for La-Z-Boy Incorporated?
The upcoming earnings date for La-Z-Boy Incorporated is Jun 18, 2024.
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About La-Z-Boy Incorporated

La-Z-Boyorporated La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottoman... LZB Profile

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