Will The Rally Continue? Lizhi Inc. (NASDAQ:LIZI)

A steady upward movement can be seen in Lizhi Inc. (NASDAQ:LIZI) since yesterday. Will this momentum continue?

Market Movement

As of 10:35, LIZI is down 0.8753% to $0.04. The stock has witnessed volume of almost 116.18K shares, compared to its average volume of 1.16 million. The stock has moved within a range of $4.50 – $4.69 after opening the trade at $4.64.

Lizhi Announces the Success of its “Voice Festival”

  • Held on April 10, the festival was successfully executed since its inception in 2018.
  • Celebrities like Yan Yu, a member of popular idol group THE9, Xikan Li, the leader of idol group S.K.Y., singer Amber J. Liu, famous host Da Zuo and experienced voice actor and director Ketsu participated in the festival
  • Lizhi will coordinate with some of the celebrities and artists who joined the Festival to unveil customized podcasts in which they will share their daily lives with fans
  • China based LIZI offers audio-based social networking products worldwide.

Founder Jinnan Lai stated “We are very pleased to have successfully hosted the LIZHI Voice Festival. As a highly active online audio community, LIZHI App has been dedicated to allowing everyone to showcase vocal talent, creating a unique community ecosystem. Our distinctive format of an immersive online interactive concert enabled our young user base to communicate and interact with their favourite idols and artists in the live-streaming room, and get closer to them through diversified interactive functions.

Important Pivot Points and moving averages

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 4.1067 4.2233 4.3967 4.5133 4.6867 4.8033 4.9767
Fibonacci 4.2233 4.3341 4.4026 4.5133 4.6241 4.6926 4.8033
+/- EMA(20) 5.16 (-12.40%)
+/- SMA(50) 6.98 (-35.24%)
+/- SMA(200) 5.22 (-13.41%)

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