LITB - its dark in the box - initiation at bearish
Initiation of coverage with a Tech Rating of -0.5
The only thing keeping the junk in this box from being our ultimate bearish rating of 3 is that the sell pressure has dropped corresponding to the lack of interest which allowed the GURU MACD signal to drift close to and GURU RSI to ride back in the middle of the stream after spending most of April and the first part of May in oversold territory.
The activity also saw the close above short term GURU averages a few times in the past couple of weeks.
Almost all signs are, of course, negative (you didn't need us to tell you that) but unless we've missed something drastically, positively earthshaking in the company's communications, the relief rally is over. With the extreme narrowing of the GURU Bollinger bands, this stock is due an aggressive move.
Price and moving averages:
LITB(Light In the Box) has closed above its short term moving average.
Short term moving average is currently below mid term, and below long term moving averages.
Mid term moving average is currently below long term
The relationship between price and moving averages is: neutral in short term, and bearish in mid-long term.
Bollinger Bands:
LITB(Light In the Box) has closed below upper band by 41.9%.
Bollinger Bands are 56.0% narrower than normal.
The narrow width of the bands suggests low volatility as compared to LITB(Light In the Box)'s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 34 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
GURU CCI is at a neutral 15.8
MACD
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 37 period(s) ago.
Since MACD crossed its moving average, LITB's price has decreased -4.68%
and has ranged from a high of 5.90 to a low of 4.61
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.
Current rating is -.50
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
The only thing keeping the junk in this box from being our ultimate bearish rating of 3 is that the sell pressure has dropped corresponding to the lack of interest which allowed the GURU MACD signal to drift close to and GURU RSI to ride back in the middle of the stream after spending most of April and the first part of May in oversold territory.
The activity also saw the close above short term GURU averages a few times in the past couple of weeks.
Almost all signs are, of course, negative (you didn't need us to tell you that) but unless we've missed something drastically, positively earthshaking in the company's communications, the relief rally is over. With the extreme narrowing of the GURU Bollinger bands, this stock is due an aggressive move.
Price and moving averages:
LITB(Light In the Box) has closed above its short term moving average.
Short term moving average is currently below mid term, and below long term moving averages.
Mid term moving average is currently below long term
The relationship between price and moving averages is: neutral in short term, and bearish in mid-long term.
Bollinger Bands:
LITB(Light In the Box) has closed below upper band by 41.9%.
Bollinger Bands are 56.0% narrower than normal.
The narrow width of the bands suggests low volatility as compared to LITB(Light In the Box)'s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 34 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
MACD
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 37 period(s) ago.
Since MACD crossed its moving average, LITB's price has decreased -4.68%
and has ranged from a high of 5.90 to a low of 4.61
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.
Current rating is -.50
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
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hogwash...... this is one of the most bullish setups in the mkt right now
ReplyDeleteIf you qualify as a professional investor in Hong Kong, you can open an account with my fund.
DeleteThe great thing about your opinion is that it guides you with your money. If you like it, buy it.
ReplyDeleteIn the word of johnny cash, go "walk the line"
ReplyDelete