By Mill Chart
Last update: Aug 8, 2023
We've identified LATTICE SEMICONDUCTOR CORP (NASDAQ:LSCC) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NASDAQ:LSCC for further developments.
At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.
Overall LSCC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, LSCC has proven to be a steady performer, scoring decent points in every aspect analyzed.
For an up to date full technical analysis you can check the technical report of LSCC
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:LSCC currently has a 9 as setup rating:
LSCC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 95.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.
Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.
More breakout setups can be found in our Breakout screener.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
LATTICE SEMICONDUCTOR CORP
NASDAQ:LSCC (11/29/2023, 7:11:56 PM)After market: 59.1 +0.04 (+0.07%)
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