Insiders sell LyondellBasell Industries as price experiences resistance.
2024-03-30 marked a shift in the predicted threshold for LyondellBasell Industries N.V. (LYB)'s stock price, according to analysts.
Analysts, in their research reports provide a range of maximum and minimum price projections for a given stock, which investors can draw on to guide their decisions.Analysts, through their exhaustive research reports, furnish investors with a spectrum of maximum and minimum price projections for a particular stock, aiding investors in making informed decisions. Based on the analysis of 21 leading analysts, LYB's anticipated price is estimated to fluctuate between 85.0 and 120.0, with the mean forecast settling near 101.29.
Transactions on the stock market occurred involving LYB's insiders since 03-01-2024.
Insider transactions can help investors anticipate whether upcoming earnings announcements might contain positive surprises or disappointments.
There were no insider transactions on the buy side in contrast sales transactions averaged97.89 In anticipation of the earnings report, insiders have been actively divesting shares, indicating a possibility of negative earnings results and subsequent price shifts.
There was a modification in the earnings estimate for LYB by analysts on 2024-03-30.
Earnings estimates reflect the collective expectations of analysts and investors about a company's financial performance, influencing market sentiment and stock prices. Average EPS has been revised down from 8.47 to 8.33. These figure are based on the prediction of 23 analysts.
The lower band of yearly EPS is expected to be at 6.86 for the period ending 31-12-2024 and the higher band at 10.45. The average EPS is expected to come in at 8.33. This is an decrease of about -0.051 from the EPS of 8.78 from a year ago. The average revenue on the other hand is placed at 40875400000 with the lower band at 38088000000 and higher band at 46923000000. As compared to the revenue of 41107000000 from a year ago, the current estimate indicates an decrease of roughly -0.006
A decrease in earnings estimates could lower prices in anticipation of the upcoming results, providing investors with an early exit or selling point.
Technical Summary
The current price of 102.07 finds support at 101.25 and resistance at 101.25. The recent price move is approaching support.
The PSAR continues to be bullish in its current outlook.
The stochastic indicator is in a bullish mood where K-line is above the D-line and the K-line is above 80.
The moving averages for 20-50-100 are aligned bearishly but the slopes for the 20/50 SMAs are starting to waver, indicating a possible move to a bullish price action soon.
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