LightInTheBox Holding Co Ltd Stock Forecast
LightInTheBox Holding Co Ltd stock price ended at $0.89 on Tuesday, after losing 0.97%.
(Updated on Jul 02, 2024)
The LightInTheBox Holding Co Ltd stock price fell by -0.97% on the last day (Tuesday, 2nd Jul 2024) from $0.89 to $0.89. During the last trading day the stock fluctuated 5.25% from a day low at $0.86 to a day high of $0.90. The price has fallen in 7 of the last 10 days and is down by -0.65% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 thousand shares and in total, 16 thousand shares were bought and sold for approximately $14.02 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.89% during the next 3 months and, with a 90% probability hold a price between $0.626 and $1.03 at the end of this 3-month period.
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LITB Signals & Forecast
The LightInTheBox Holding Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.89. On a fall, the stock will find some support from the long-term average at approximately $0.761. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LightInTheBox Holding Co Ltd stock
LightInTheBox Holding Co Ltd finds support from accumulated volume at $0.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0449 between high and low, or 5.25%. For the last week the stock has had daily average volatility of 9.56%.
Our recommended stop-loss: $0.85 (-3.85%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (LITB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect LightInTheBox Holding Co Ltd to open at $0.88, and during the day (based on 14 day Average True Range), to move between $0.794 and $0.98, which gives a possible trading interval of +/-$0.0915 (+/-10.33%) up or down from last closing price. If LightInTheBox Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 20.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.89 (0.66%) than the support at $0.87 (1.72%), 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 LightInTheBox Holding Co Ltd 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 LightInTheBox Holding Co Ltd stock to perform well in the short-term.
Current score: 2.270 Buy Candidate Unchanged
Predicted Opening Price for LightInTheBox Holding Co Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.88 ( 0.576%) | $0.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LITB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.93 | 4.50% |
| R2 | 0.91 | 2.56% |
| R1 | 0.90 | 1.36% |
| Price | 0.89 | |
| S1 | 0.86 | -2.51% |
| S2 | 0.85 | -3.71% |
| S3 | 0.84 | -5.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.91 | 2.24% |
| R2 | 0.89 | 1.02% |
| R1 | 0.89 | 0.655% |
| Price | 0.89 | |
| S1 | 0.87 | -1.72% |
| S2 | 0.82 | -7.68% |
| S3 | 0.763 | -13.83% |
FAQ
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