LightInTheBox Holding Co Ltd Stock Forecast
LightInTheBox Holding Co Ltd stock price ended at $0.720 on Wednesday, after gaining 1.41%.
(Updated on Mar 27, 2024)
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
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