We assign a technical rating of 1 out of 10 to LASE. LASE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
LASE has a poor technical rating and the quality of the setup is also not perfect 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
1.99
We found 4 important support areas.
- A support zone ranging from 2.90 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.19 from a trend line in the weekly time frame.
- A support zone ranging from 2.11 to 2.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.01 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @3.16 from a horizontal line in the daily time frame.
- Resistance @4.47 from a trend line in the weekly 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 LASE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LASE is down. |
| ChartMill Relative Strength | 5.13 | NEGATIVE | LASE has a low relative strength, it was outperformed by 94.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LASE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LASE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LASE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.98 | NEUTRAL | The RSI value for LASE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests LASE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.97 | OVERSOLD | The low Stochastics value suggests LASE may be oversold. |
| Average True Range in percent/ATR (20) | 8.72 | HIGH VOLATILITY | The high ATR as a percentage value for LASE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.33 | NEGATIVE | The low ADX value for LASE suggests a weak or negative trend. |
2.91
-0.06 (-2.02%)
LASER PHOTONICS CORP / LASE FAQ
Can you provide the ChartMill technical rating for LASER PHOTONICS CORP?
ChartMill assigns a technical rating of 1 / 10 to LASE.
What is the current trend direction of LASER PHOTONICS CORP (LASE) stock?
The current trend direction for LASER PHOTONICS CORP (LASE) is Bearish.
What is the RSI signal for LASER PHOTONICS CORP (LASE) stock?
LASER PHOTONICS CORP (LASE) has an RSI value of 35.9752. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LASER PHOTONICS CORP?
The MACD indicator for LASER PHOTONICS CORP (LASE) has a value of -0.0350379, indicating a bearish trend.
What is the support and resistance level for LASE stock?
LASER PHOTONICS CORP (LASE) has a support level at 2.9 and a resistance level at 3.16. Check the full technical report for our detailed analysis of LASE support and resistance levels.