Lulu’s Fashion Lounge Holdings Inc
Company Overview: Lulu's Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) is a women's fashion company that predominantly caters to women in the Millennial and Generation Z (Gen Z) generations. By combining analytics with human knowledge to create a variety of premium clothes, the company is committed to delivering its clients what they desire.
As per the previous report published on LVLU dated 04th August 2022, a ‘Speculative buy’ stance was provided on the stock at USD 5.62 based on ‘improved top-line results, positive free cash flows, associated risk, and preliminary results and the stock price has now moved by ~ 32.56% since then and the price has now moved above the Resistance 1 and Resistance 2 levels.
Noted below are the details of support and resistance levels provided in our previous report:
LVLU’s Daily Chart
Considering the resistance, crossing beyond the target price, current trading levels, risks associated, and volatile market condition on the back of rising interest rates, a ‘Sell’ rating is assigned to the “LVLU” at the current market price of USD 07.45, as of August 08, 2022, at 07:50 am PDT.
Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 04 August 2022. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.
Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’