LightInTheBox Holding Co Ltd 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
Big movements in LightInTheBox Holding Co Ltd stock price on Thursday moving 10.94% between high and low
(Updated on Apr 18, 2024)
The LightInTheBox Holding Co Ltd stock price fell by -0.95% on the last day (Thursday, 18th Apr 2024) from $0.790 to $0.783. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.94% from a day low at $0.730 to a day high of $0.81. The price has fallen in 6 of the last 10 days but is still up by 13.41% over the past 2 weeks. 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 -78 thousand shares and in total, 91 thousand shares were bought and sold for approximately $70.84 thousand.
The stock lies the upper part of a very wide and falling 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 $0.80 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.22% during the next 3 months and, with a 90% probability hold a price between $0.389 and $0.536 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LITB Signals & Forecast
The LightInTheBox Holding Co Ltd 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 $0.776 and $0.775. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 18.56%. 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. 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 $0.763 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0799 between high and low, or 10.94%. For the last week the stock has had daily average volatility of 11.51%.
Our recommended stop-loss: $0.751 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (LITB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect LightInTheBox Holding Co Ltd to open at $0.774, and during the day (based on 14 day Average True Range), to move between $0.706 and $0.86, which gives a possible trading interval of +/-$0.0762 (+/-9.74%) 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 19.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.787 (0.59%) than the support at $0.763 (2.52%), 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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.674 Buy Candidate Unchanged
Predicted Opening Price for LightInTheBox Holding Co Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.774 ( 1.06%) | $0.783 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.85 | 9.15 % | |
| R2 | 0.82 | 5.25 % | ||
| R1 | 0.80 | 2.84 % | ||
| Current price: | 0.783 | |||
| Support | S1 | 0.744 | -4.96 % | |
| S2 | 0.725 | -7.37 % | ||
| S3 | 0.694 | -11.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 4.28 % | |
| R2 | 0.793 | 1.33 % | ||
| R1 | 0.787 | 0.588 % | ||
| Current price | 0.783 | |||
| Support | S1 | 0.763 | -2.52% | |
| S2 | 0.712 | -9.05% | ||
| S3 | 0.710 | -9.27% |
FAQ
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