Technical analysis and patterns have shown that Lamar Advertising Company, a well-known outdoor advertising firm, has been on a bullish streak for the last three days. Investors and traders alike see this pattern as a bullish indication and are now actively monitoring the stock for potential future growth.
Lamar Advertising Company's prospects for further growth should be evaluated by considering both technical analysis and the company's earnings. Technical analysis entails looking at price patterns and charts in order to spot trends and forecast future price movements. The three-day bullish run for Lamar Advertising Company is encouraging and shows that the stock may continue to rise.
Looking at historical data, it's clear that when LAMR advanced for three days, in 229 of 336 cases, the price rose further within the following month. This translates to a 68% chance of a continued upward trend.
Lamar Advertising Company recently reported its fourth-quarter 2022 financial results, which showed an increase in revenue compared to the same period in the previous year. Additionally, the business recorded good results in its digital advertising division, which generated 39% of its overall revenue in the fourth quarter.
Investors may view the company's strong financial performance as a sign of its long-term potential and may be more willing to invest in the stock as a result.
The recent upward trend for Lamar Advertising Company, along with favorable historical data and solid earnings results, indicate that the stock may gain further in the ensuing weeks and months.
The RSI Oscillator for LAMR moved out of oversold territory on November 18, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on November 22, 2024. You may want to consider a long position or call options on LAMR as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for LAMR just turned positive on November 25, 2024. Looking at past instances where LAMR's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for LAMR crossed bullishly above the 50-day moving average on December 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LAMR advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .
LAMR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where LAMR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
LAMR moved below its 50-day moving average on December 05, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LAMR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for LAMR entered a downward trend on November 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LAMR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: LAMR's P/B Ratio (9.737) is slightly higher than the industry average of (1.977). P/E Ratio (23.936) is within average values for comparable stocks, (62.230). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.058). Dividend Yield (0.043) settles around the average of (0.068) among similar stocks. P/S Ratio (5.615) is also within normal values, averaging (7.122).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a real estate investment trust
Industry RealEstateInvestmentTrusts