China Life Insurance Co Ltd (LFC): Price Up $0.07 (0.7)% Over Past Day, Up $0.04 (0.41)% Over Past Hour

The Hourly View for LFC

Currently, LFC’s price is up $0.04 (0.41%) from the hour prior. This is the 2nd hour in a row LFC has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

LFC’s Technical Outlook on the Daily Chart

At the time of this writing, LFC’s price is up $0.07 (0.7%) from the day prior. This is the 2nd day in a row LFC has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. China Life Insurance Co Ltd’s price action over the past 90 days can be seen via the chart below.

For LFC News Traders

Investors and traders in LFC may be particularly interested in the following story that came out in the past day:

Is China Life (LFC) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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The post China Life Insurance Co Ltd (LFC): Price Up $0.07 (0.7)% Over Past Day, Up $0.04 (0.41)% Over Past Hour appeared first on ETF Daily News.