RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LITB
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LightInTheBox Holding Co Ltd stock price ended at $0.720 on Wednesday, after gaining 1.41%.
(Updated on Mar 27, 2024)

Sell candidate since Feb 28, 2024 Loss -22.59% PDF

The LightInTheBox Holding Co Ltd stock price gained 1.41% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.710 to $0.720. During the last trading day the stock fluctuated 8.68% from a day low at $0.690 to a day high of $0.750. The price has fallen in 7 of the last 10 days and is down by -8.98% for this period. Volume fell on the last day by -327 thousand shares and in total, 218 thousand shares were bought and sold for approximately $156.69 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 lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.704 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.26% during the next 3 months and, with a 90% probability hold a price between $0.498 and $0.618 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

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.41%. 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 LightInTheBox Holding Co 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 $0.743 and $0.88. A break-up above any of these levels will issue buy signals. 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 LightInTheBox Holding Co Ltd stock

LightInTheBox Holding Co Ltd finds support from accumulated volume at $0.712 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 $0.0599 between high and low, or 8.68%. For the last week the stock has had daily average volatility of 9.11%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LITB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect LightInTheBox Holding Co Ltd to open at $0.720, and during the day (based on 14 day Average True Range), to move between $0.657 and $0.783, which gives a possible trading interval of +/-$0.0632 (+/-8.78%) 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 17.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.712 (1.15%) than the resistance at $0.738 (2.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is LightInTheBox Holding Co Ltd stock A Buy?

LightInTheBox Holding Co Ltd holds several negative signals and is within a 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: -5.252 Strong Sell Candidate Unchanged

Predicted Opening Price for LightInTheBox Holding Co Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.720 ( 0.0046%) $0.720

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 0.780 8.31 %
R2 0.757 5.14 %
R1 0.743 3.17 %
Current price: 0.720
Support S1 0.697 -3.18 %
S2 0.683 -5.15 %
S3 0.660 -8.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.793 10.13 %
R2 0.782 8.61 %
R1 0.738 2.49 %
Current price 0.720
Support S1 0.712 -1.15%
S2 0.710 -1.39%
S3 0 .

FAQ

What is the symbol for LightInTheBox Holding Co Ltd Stock and on which exchange is it traded?
The symbol for LightInTheBox Holding Co Ltd is LITB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell LightInTheBox Holding Co Ltd Stock?
LightInTheBox Holding Co Ltd holds several negative signals and is within a 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.

How to buy LightInTheBox Holding Co Ltd Stock?
LightInTheBox Holding Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy LightInTheBox Holding Co Ltd Stock.

What's the current price of LightInTheBox Holding Co Ltd Stock?
As of the end of day on the 2024-03-27, the price of an LightInTheBox Holding Co Ltd (LITB) share was $0.720.

What is the 52-week high and low for LightInTheBox Holding Co Ltd Stock?
The 52-week high for LightInTheBox Holding Co Ltd Stock is $1.88 and the 52-week low is $0.683.

What is the market capitalization of LightInTheBox Holding Co Ltd Stock?
As of the 2024-03-27, the market capitalization of LightInTheBox Holding Co Ltd is 81.565M.

When is the next earnings date for LightInTheBox Holding Co Ltd?
The upcoming earnings date for LightInTheBox Holding Co Ltd is May 24, 2024.
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About LightInTheBox Holding Co Ltd

LightInTheBox Holding Co Ltd LightInTheBox Holding Co., Ltd. operates as a cross-border e-commerce platform that delivers products directly to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, toys and hobbies, electronics and communication devices, and other products. It also offers supplier chain management, research an... LITB Profile

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