Lifestyle China Group Limited Stock Forecast

A very strong day for Lifestyle China Group Limited stock price on Friday
(Updated on May 17, 2024)

2136.HK Signals & Forecast

The Lifestyle China Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.760 and HK$0.694. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 42.11%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lifestyle China Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.750 and HK$0.690. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lifestyle China Group Limited finds support just below today's level at HK$0.750. If this is broken, then the next support from accumulated volume will be at HK$0.690 and HK$0.650.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0400 between high and low, or 5.19%. For the last week, the stock has had daily average volatility of 4.29%.

Our recommended stop-loss: HK$0.780 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (2136.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Lifestyle China Group Limited to open at HK$0.797, and during the day (based on 14 day Average True Range), to move between HK$0.773 and HK$0.85, which gives a possible trading interval of +/-HK$0.0370 (+/-4.56%) up or down from last closing price. If Lifestyle China Group Limited takes out the full calculated possible swing range there will be an estimated 9.13% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.750, some HK$0.0600 (7.41%) from the current price of HK$0.81, our system finds the risk reward attractive.

Is Lifestyle China Group Limited stock A Buy?

Lifestyle China Group Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.084 Strong Buy Candidate Upgraded

Predicted Opening Price for Lifestyle China Group Limited of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.