Lumen Technologies Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session. (Updated on August 31, 2021)

Hold candidate since 2021-08-31 PDF

The Lumen Technologies Inc. stock price gained 2.84% on the last trading day (Tuesday, 31st Aug 2021), rising from $11.96 to $12.30. During the day the stock fluctuated 3.61% from a day low at $11.90 to a day high of $12.33. The price has been going up and down for this period, and there has been a 1.91% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately $208.68 million.

Given the current short-term trend, the stock is expected to fall -22.01% during the next 3 months and, with a 90% probability hold a price between $8.51 and $9.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 8.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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. The Lumen Technologies Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $12.31. On a fall, the stock will find some support from the short-term average at $12.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss

Lumen Technologies Inc. finds support from accumulated volume at $11.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.43 (3.61%) between high and low. For the last week, the stock has had a daily average volatility of 2.59%.

Our recommended stop-loss: $11.80 (-4.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Is Lumen Technologies Inc. stock A Buy?

Lumen Technologies Inc. holds several positive signals, but we still dont 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.031

Predicted Opening Price for Lumen Technologies Inc. of Wednesday, September 1, 2021

The predicted opening price is based on yesterdays movements between high, low, and the closing price.

Fair opening price September 1, 2021 Current price
$12.18 $12.30 (Overvalued)

Hold/Accumulate Upgraded

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On August 23, 2021 Morgan Stanley gave $12.10 - $11.00 rating for LUMN. The price target was set to $11.92+0.8%.

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