LASER PHOTONICS CORP (LASE)

US51807Q1004 - Common Stock

2  -0.06 (-2.91%)

Technical Rating and Analysis

4

Taking everything into account, LASE scores 4 out of 10 in our technical rating. In the last year, LASE was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

66% of all other stocks performed better in the past year than LASE.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
LASE has an average volume of 2466260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LASE is part of the Machinery industry. There are 130 other stocks in this industry, LASE did better than 58% of them.
LASE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LASE is lagging the market.
In the last month LASE has a been trading in the 1.89 - 2.29 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.
Weekly and Daily overview Charts
LASE Weekly chart
LASE Daily chart
Setup Rating and Analysis

7

Although the technical rating is only medium, LASE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LASE in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

1.27

2.62

4 important support areas can be observed.

  • A support zone ranging from 1.91 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @1.44 from a trend line in the daily time frame.
  • Support @1.41 from a trend line in the weekly time frame.
  • Support @1.28 from a trend line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 2.01 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @2.24 from a trend line in the weekly time frame.
  • Resistance @2.59 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.16
Mansfield0.39
10 Day High2.07
10 Day Low1.91
20 Day High2.29
20 Day Low1.89
52 Week High4.48
52 Week Low0.67
Performance
1 Week2.56%
2 Weeks-0.99%
1 Month-3.85%
3 Month28.21%
6 Month49.25%
12 Month-35.17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)48.14
LBB1.91
UBB2.04
LASE Daily chart

LASER PHOTONICS CORP

NASDAQ:LASE (6/14/2024, 7:19:40 PM)

2

-0.06 (-2.91%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.91%
1 Week2.56%
2 Weeks-0.99%
1 Month-3.85%
3 Month28.21%
6 Month49.25%
12 Month-35.17%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.09
ATR(20)%5.29%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.07
10 Day Low1.91
20 Day High2.29
20 Day Low1.89
52 Week High4.48
52 Week Low0.67
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume24.60K
Volume Incr-65.55%
Vol(5)23.20K
Vol(50)2.47M