LASE Technical Analysis - LASER PHOTONICS CORP

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to LASE. In the last year, LASE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

LASE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

LASE is part of the Machinery industry. There are 129 other stocks in this industry. LASE outperforms 75% of them.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

LASE has an average volume of 6446620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the yearly performance of all stocks, we notice that LASE is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month LASE has a been trading in the 1.71 - 6.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

LASER PHOTONICS CORP / LASE Weekly stock chart

LASER PHOTONICS CORP / LASE Daily stock chart

Setup Rating and Analysis

Although LASE has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

4.16

6.49

We can see 4 important resistance areas.

Resistance @4.28 from a trend line in the weekly time frame.
Resistance @4.72 from a horizontal line in the daily time frame.
Resistance @4.89 from a trend line in the weekly time frame.
Resistance @6.43 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for LASE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LASE is neutral.
ChartMill Relative Strength	81.43	POSITIVE	LASE has a high relative strength, it outperformed 81.43% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LASE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LASE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of LASE is above a declining SMA(200).
Relative Strength Index/RSI (14)	59.3	NEUTRAL	The RSI value for LASE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests LASE has a positive trend.
Stochastics (14,3)	54.01	NEUTRAL	The Stochastics value for LASE is a neutral value.
Average True Range in percent/ATR (20)	20.27	HIGH VOLATILITY	The high ATR as a percentage value for LASE suggests high volalility.
Average Directional Index/ADX (14)	19.9	NEGATIVE	The low ADX value for LASE suggests a weak or negative trend.