LAKELAND INDUSTRIES INC (LAKE) Stock Technical Analysis
NASDAQ:LAKE - Nasdaq - US5117951062 - Common Stock - Currency: USD
Overall LAKE gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. LAKE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, LAKE is a bad performer in the overall market: 70% of all stocks are doing better.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
LAKE is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 55% of 48 stocks in the same industry.
LAKE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LAKE is lagging the market slightly.
In the last month LAKE has a been trading in the 15.85 - 20.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, LAKE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.94, a Stop Loss order could be placed below this zone.
More info and screens
15.34
20.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.75 to 18.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.88 to 18.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.83 from a trend line in the daily time frame.
- A support zone ranging from 15.49 to 15.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 19.14 to 19.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.85 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LAKE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LAKE is up. |
| ChartMill Relative Strength | 30.1 | NEUTRAL | LAKE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LAKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LAKE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LAKE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.89 | NEUTRAL | The RSI value for LAKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests LAKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.9 | NEUTRAL | The Stochastics value for LAKE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for LAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for LAKE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
19.13
+0.1 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0.53%
1 Week1.76%
2 Weeks4.71%
1 Month17.15%
3 Month-18.94%
6 Month-15.5%
12 Month3.8%
2 Year74.7%
3 Year7.47%
5 Year31.93%
10 Year87.55%
15 Year85.01%
Volatility
ATR(14)0.99
ATR(20)%4.68%
ATR Inc-37.9%
Range Today0.63
ADR(20)0.84
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.1
Mansfield-1.38
10 Day High20.5
10 Day Low17.86
20 Day High20.5
20 Day Low15.85
52 Week High27.28
52 Week Low14.58
CS1 End18.94
CR1 Start19.14
Volume & EV
DER(3)-2.07%
DER(5)-1.71%
Volume54.00K
Volume Incr-9.72%
Vol(5)61.98K
Vol(50)87.43K