LexinFintech Holdings Ltd. Stock Forecast
Green day on Thursday for LexinFintech Holdings Ltd. stock after gaining 0.559%
(Updated on Mar 28, 2024)
The LexinFintech Holdings Ltd. stock price gained 0.559% on the last trading day (Thursday, 28th Mar 2024), rising from $1.79 to $1.80. During the last trading day the stock fluctuated 2.53% from a day low at $1.79 to a day high of $1.84. The price has fallen in 6 of the last 10 days and is down by -7.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 thousand more shares were traded than the day before. In total, 927 thousand shares were bought and sold for approximately $1.67 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect LexinFintech Holdings Ltd. stock with a 90% probability to be traded between $1.67 and $2.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 0.559%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The LexinFintech Holdings Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.88 and $1.84. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for LexinFintech Holdings Ltd. stock
LexinFintech Holdings Ltd. finds support from accumulated volume at $1.76 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 $0.0452 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 3.24%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect LexinFintech Holdings Ltd. to open at $1.81, and during the day (based on 14 day Average True Range), to move between $1.70 and $1.90, which gives a possible trading interval of +/-$0.0954 (+/-5.30%) up or down from last closing price. If LexinFintech Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.84 (2.22%) than the support at $1.76 (2.22%), 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 LexinFintech Holdings Ltd. stock A Buy?
LexinFintech Holdings Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.798 Sell Candidate Unchanged
Predicted Opening Price for LexinFintech Holdings Ltd. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.81 ( 0.467%) | $1.80 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 1.85 | 2.98 % | |
R2 | 1.84 | 2.02 % | ||
R1 | 1.83 | 1.43 % | ||
Current price: | 1.80 | |||
Support | S1 | 1.79 | -0.493 % | |
S2 | 1.78 | -1.09 % | ||
S3 | 1.76 | -2.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.91 | 6.11 % | |
R2 | 1.85 | 2.78 % | ||
R1 | 1.84 | 2.22 % | ||
Current price | 1.80 | |||
Support | S1 | 1.76 | -2.22% | |
S2 | 1.75 | -2.78% | ||
S3 | 1.72 | -4.44% |
LX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Apr 17, 2024 | May 24, 2024 | $0.0700 | 3.89% |
2 | Aug 29, 2023 | Sep 14, 2023 | Oct 17, 2023 | $0.100 | 5.00% |
FAQ
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