Secoo Holding Ltd Stock Forecast
Volatile ride for Secoo Holding Ltd stock price on Friday moving between $0.370 and $0.432
(Updated on Apr 19, 2024)
The Secoo Holding Ltd stock price gained 4.28% on the last trading day (Friday, 19th Apr 2024), rising from $0.395 to $0.412. During the last trading day the stock fluctuated 16.68% from a day low at $0.370 to a day high of $0.432. The price has risen in 6 of the last 10 days and is up by 7.88% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 355 thousand shares were bought and sold for approximately $146.44 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -15.58% during the next 3 months and, with a 90% probability hold a price between $0.267 and $0.442 at the end of this 3-month period.
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SECO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 15.18%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Secoo Holding Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.416. On a fall, the stock will find some support from the short-term average at $0.379. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Secoo Holding Ltd stock
Secoo Holding Ltd finds support from accumulated volume at $0.395 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 $0.0617 between high and low, or 16.68%. For the last week the stock has had daily average volatility of 17.81%.
Our recommended stop-loss: $0.398 (-3.34%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SECO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Secoo Holding Ltd to open at $0.405, and during the day (based on 14 day Average True Range), to move between $0.363 and $0.461, which gives a possible trading interval of +/-$0.0489 (+/-11.87%) up or down from last closing price. If Secoo Holding Ltd takes out the full calculated possible swing range there will be an estimated 23.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.395 (4.10%) than the resistance at $0.450 (9.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Secoo Holding Ltd stock A Buy?
Secoo Holding Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.829 Hold/Accumulate Upgraded
Predicted Opening Price for Secoo Holding Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.405 ( 1.80%) | $0.412 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SECO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.466 | 13.17 % | |
| R2 | 0.443 | 7.45 % | ||
| R1 | 0.428 | 3.92 % | ||
| Current price: | 0.412 | |||
| Support | S1 | 0.381 | -7.52 % | |
| S2 | 0.366 | -11.06 % | ||
| S3 | 0.343 | -16.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.460 | 11.65 % | |
| R2 | 0.454 | 10.27 % | ||
| R1 | 0.450 | 9.25 % | ||
| Current price | 0.412 | |||
| Support | S1 | 0.395 | -4.10% | |
| S2 | 0.384 | -6.82% | ||
| S3 | 0.380 | -7.79% |
FAQ
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