Lianluo Smart Limited (LLIT)

Lianluo Smart stock forecast: buy or sell

Lianluo Smart stock outlook

  • Counting today, it's been 3 consecutive sessions in red for Lianluo Smart. Price closed today at $0.61 after collapsing a -4.69%.
  • Lianluo Smart Limited, together with its subsidiaries, designs, develops, markets, and distributes medical products and medical components primarily in China and internationally.
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Important:
The comments published in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the particular scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for general educational purposes only

Lianluo Smart stock chart overview

Should I buy Lianluo Smart stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is LLIT stock a buy?

Currently, Lianluo Smart stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean LLIT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Lianluo Smart stock?

When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your benefits. Trading strategies give us the ability us to avoid impetuous decisions based on our personal emotions or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for selling short Lianluo Smart stock

A golden rule is that you must never mantain a trading operation that generates greater losses than those expected at the time of the buy. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Lianluo Smart stock?

In the current situation of Lianluo Smart there is not any eligible sell setup, so Lianluo Smart stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Lianluo Smart stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous 30 days we couldn't find any rating for Lianluo Smart

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Technical analysis

SMAs overview

Moving averages are simple tools for investors to measure stock momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Technical analysts use support and resistance levels to find price points on a chart that may act as barriers, preventing the price of an asset to move up or down. Supports are levels where the price may stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it will probably continue falling until meeting another support level. On the other side, resistances are where the price tends to find a curb as it moves up. Again, this means that the price is more likely to "rebound" at this level, and if it finally crosses this level, it will rally easily until it approaches the next resistance

The current resistance levels are:

  • R1: $0.65 (6.56% above)
  • R2: $0.67 (9.84% above)
  • R3: $0.79 (29.51% above)
  • The current supports are:

  • S1: $0.55 (-9.84% below)
  • S2: $0.49 (-19.67% below)
  • S3: $0.42 (-31.15% below)
  • Bollinger bands

    So-called Bollinger bands are a widespread studio that was created by John Bollinger. It consists of three bands that are outlined superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that gauges price action to identify when the share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI moves from 0% to 100%. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by traders

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for a single day (weak signal). The RSI value today was 48.32. Since that level was lost, Lianluo Smart price tanked a 24.69%

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    Earnings and financials

    Lianluo Smart Limited (LLIT) came out with quarterly earnings of $0.00 per share, meeting the Market consensus estimate of $0.00 per share. Reported sales were $0.00, in line with the market forecasts as well.

    Compared to the same quarter last year, EPS was $0.00, so reported EPS means -. Sales slightly changed on an annualized basis in the first-quarter, from $0.00 to $1,506,470 last quarter.

    Lianluo Smart is hosting the quarterly earnings call next September. Analysts estimate an EPS of $0.00, that is a 0% than previous quarter. If you own or you are looking to buy Lianluo Smart stock, you must be vigilant as financial reporting day usually has a higher than usual volatility, and price can jump up or down with unsually low liquidity and not respecting your buy or stop-loss orders. You can find more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.lianluosmart.com.

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