LPX Price Prediction Next Week
Technical Analysis: LPX is currently trading at $112.36, showing a bearish trend in the short term based on technical indicators. The RSI-14 at 46.48 indicates a neutral momentum but trending downward. The MACD line (0.41) crossing below its signal line suggests increasing selling pressure.
Support and Resistance Levels:
- Key resistance: $118.72 (Fibonacci R1)
- Current pivot: $115.02
- Key support: $111.31 (Fibonacci S1)
Price Movement Analysis:
- Trading below both 5-day SMA ($112.81) and 10-day SMA ($114.94)
- Bollinger Band Position (0.25) indicates price is near the lower band, suggesting potential oversold conditions
- Stochastic RSI (13.21) shows oversold conditions
Recent News Impact:
- Positive catalyst: LPX announced an 8% dividend increase to 28c per share, payable on March 13
- Negative catalyst: Berkshire Hathaway reduced its stake in LPX during Q4 2024
Price Prediction for Next Week: Based on technical indicators and recent news:
- Bearish scenario (60% probability): Price likely to test $111.31 support
- Neutral scenario (30% probability): Consolidation between $111.31-$115.02
- Bullish scenario (10% probability): Bounce towards $115.02 pivot
Target Price: $111.00 by end of next week
Recommendation: SELL
- Entry point: Current price ($112.36)
- Stop loss: $115.02 (pivot point)
- Take profit: $111.00
The bearish recommendation is based on:
- Weakening technical indicators
- Institutional selling pressure
- Price trading below key moving averages
- Negative MACD crossover
LPX Similar Chart Price Prediction
The price of LPX is predicted to go up 0.47%, based on the high correlation periods with LOB. The similarity of these two price pattern on the periods is 95.09%.
LPX
LOB
Up: 0.47%Similarity: 95.09%
LPX Revenue Forecast
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LPX VS S&P500
A continued shift from plywood to OSB in single-family housing should provide a strong tailwind for Louisiana-Pacific's sizable OSB business.
Louisiana-Pacific is well positioned to benefit from continued growth of engineered wood siding at the expense of vinyl, brick, stone, and stucco.
The sale of the engineered wood products business will enable margin expansion as the firm focuses on its higher-value products.
LPX Analyst's Forecast
Michael Roxland
Truist Securities
Strong Buy
2025-01-06
Price Target
$117 → $135
Upside
+21.33%
Truist raised the firm's price target on Louisiana-Pacific to $135 from $117 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for the Packaging/Paper sector. The earlier part of the year will begin where 2024 ended, with packaging volumes in aggregate being somewhat challenged due to modest promotional activity, and while there has been increasing discussion amongst leading consumer packaged goods names regarding promotional activity, this has yet to result in notable volume growth as they remain content with margins given price increases the last few years, the analyst tells investors in a research note. The firm is also introducing initial calendar 2027 estimates and rolling forward its valuation period, which is now based on calendar 2026.
Michael Roxland
Truist Securities
Strong Buy
2024-10-15
Price Target
$105 → $113
Upside
+9.24%
