Lifestyle China Group Limited Stock Forecast

Lifestyle China Group Limited stock price ended at HK$0.750 on Friday, after losing 0%.
(Updated on May 31, 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$0.746 and HK$0.736. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 4.17%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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$0.690 and HK$0.660. 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$0.690. If this is broken, then the next support from accumulated volume will be at HK$0.660 and HK$0.650.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0300 between high and low, or 4.11%. For the last week the stock has had daily average volatility of 3.31%.

Our recommended stop-loss: HK$0.712 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (2136.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Lifestyle China Group Limited to open at HK$0.747, and during the day (based on 14 day Average True Range), to move between HK$0.716 and HK$0.784, which gives a possible trading interval of +/-HK$0.0340 (+/-4.53%) 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 9.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.760 (1.33%) than the support at HK$0.690 (8.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Lifestyle China Group Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lifestyle China Group Limited stock to perform well in the short-term.

Current score: 2.441 Buy Candidate Unchanged

Predicted Opening Price for Lifestyle China Group Limited of Monday, June 3, 2024

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