LASER PHOTONICS CORP (LASE) Stock Technical Analysis
NASDAQ:LASE - US51807Q1004 - Common Stock
4.02 USD
-0.58 (-12.61%)
4.1193 USD
+0.1 (+2.47%)
Overall LASE gets a technical rating of 8 out of 10. LASE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
LASE is part of the Machinery industry. There are 128 other stocks in this industry. LASE outperforms 87% of them.
LASE has an average volume of 3464360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LASE is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month LASE has a been trading in the 2.29 - 6.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although LASE has an excellent technical rating, the quality of the presented setup is not ideal 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
2.15
6.55
3 important support areas can be observed.
- A support zone ranging from 2.58 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.39 from a horizontal line in the daily time frame.
- Support @2.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.49 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for LASE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LASE is up. |
| ChartMill Relative Strength | 91.4 | POSITIVE | LASE has a high relative strength, it outperformed 91.4% 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) | 53.16 | NEUTRAL | The RSI value for LASE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests LASE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.63 | NEUTRAL | The Stochastics value for LASE is a neutral value. |
| Average True Range in percent/ATR (20) | 18.11 | HIGH VOLATILITY | The high ATR as a percentage value for LASE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.78 | POSITIVE | The high ADX value value for LASE 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)
4.02
-0.58 (-12.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-12.61%
1 Week-20.71%
2 Weeks58.89%
1 Month50%
3 Month75.55%
6 Month11.98%
12 Month17.54%
2 Year106.15%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%18.11%
ATR Inc-8.32%
Range Today0.72
ADR(20)0.65
ADR(20)%16.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.4
Mansfield-1.85
10 Day High6.77
10 Day Low2.45
20 Day High6.77
20 Day Low2.29
52 Week High19.8
52 Week Low1.84
CS1 End2.62
CR1 Start6.49
Volume & EV
DER(3)-11.05%
DER(5)-6.65%
Volume655.30K
Volume Incr-77.14%
Vol(5)1.76M
Vol(50)3.46M