Lifestyle China Group Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Lifestyle China Group Limited stock price ended at HK$0.750 on Friday, after losing 0%.
(Updated on May 31, 2024)
No changes to the price of Lifestyle China Group Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 4.11% from a day low at HK$0.730 to a day high of HK$0.760. The price has been going up and down for this period, and there has been a -7.41% loss for the last 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.49% during the next 3 months and, with a 90% probability hold a price between HK$0.80 and HK$1.00 at the end of this 3-month period.
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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
Fair opening price June 3, 2024 | Current price |
---|---|
HK$0.747 ( 0.444%) | HK$0.750 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2136.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.777 | 3.56 % | |
R2 | 0.765 | 2.03 % | ||
R1 | 0.758 | 1.08 % | ||
Current price: | 0.750 | |||
Support | S1 | 0.735 | -1.97 % | |
S2 | 0.728 | -2.92 % | ||
S3 | 0.717 | -4.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.81 | 8.00 % | |
R2 | 0.770 | 2.67 % | ||
R1 | 0.760 | 1.33 % | ||
Current price | 0.750 | |||
Support | S1 | 0.690 | -8.00% | |
S2 | 0.660 | -12.00% | ||
S3 | 0.650 | -13.33% |
FAQ
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