From stockinvest.us

Buy or Hold candidate since Jul 11, 2024 Gain 477.59%

The Lumen Technologies stock price gained 5.02% on the last trading day (Thursday, 19th Sep 2024), rising from $6.38 to $6.70. It has now gained 7 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.96% from a day low at $6.45 to a day high of $6.77. The price has risen in 8 of the last 10 days and is up by 21.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $127.52 million.

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 $6.01 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 222.09% during the next 3 months and, with a 90% probability hold a price between $19.35 and $31.79 at the end of this 3-month period.