LexinFintech Holdings Ltd. Stock Forecast
Red day on Tuesday for LexinFintech Holdings Ltd.
(Updated on Jul 02, 2024)
The LexinFintech Holdings Ltd. stock price fell by -1.81% on the last day (Tuesday, 2nd Jul 2024) from $1.66 to $1.63. During the last trading day the stock fluctuated 2.15% from a day low at $1.63 to a day high of $1.66. The price has been going up and down for this period, and there has been a -2.98% loss for the last 2 weeks. Volume has increased on the last day by 120 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 327 thousand shares were bought and sold for approximately $532.74 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.45% during the next 3 months and, with a 90% probability hold a price between $1.48 and $1.88 at the end of this 3-month period.
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LX Signals & Forecast
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. The LexinFintech Holdings Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.66 and $1.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -16.62%. Further fall is indicated until a new bottom pivot has been found. LexinFintech Holdings Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for LexinFintech Holdings Ltd. stock
LexinFintech Holdings Ltd. finds support from accumulated volume at $1.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0350 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect LexinFintech Holdings Ltd. to open at $1.64, and during the day (based on 14 day Average True Range), to move between $1.58 and $1.68, which gives a possible trading interval of +/-$0.0465 (+/-2.85%) up or down from last closing price. If LexinFintech Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.62 (0.61%) than the resistance at $1.68 (3.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LexinFintech Holdings Ltd. stock A Buy?
LexinFintech Holdings Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.637 Sell Candidate Unchanged
Predicted Opening Price for LexinFintech Holdings Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.64 ( 0.511%) | $1.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.67 | 2.66% |
| R2 | 1.66 | 1.84% |
| R1 | 1.65 | 1.33% |
| Price | 1.63 | |
| S1 | 1.62 | -0.309% |
| S2 | 1.62 | -0.82% |
| S3 | 1.60 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.87 | 14.72% |
| R2 | 1.84 | 12.88% |
| R1 | 1.68 | 3.07% |
| Price | 1.63 | |
| S1 | 1.62 | -0.613% |
| S2 | 1.61 | -1.23% |
| S3 | 1.56 | -4.29% |
LX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Apr 17, 2024 | May 24, 2024 | $0.0700 | 3.74% |
| 2 | Aug 29, 2023 | Sep 14, 2023 | Oct 17, 2023 | $0.100 | 5.00% |
FAQ
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