LASER PHOTONICS CORP (LASE) Stock Technical Analysis
USA - NASDAQ:LASE - US51807Q1004 - Common Stock
We assign a technical rating of 5 out of 10 to LASE. In the last year, LASE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, LASE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.86, a Stop Loss order could be placed below this zone.
More info and screens
2.09
4 important support areas can be observed.
- A support zone ranging from 3.83 to 3.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.56 from a horizontal line in the daily time frame.
- Support @2.15 from a trend line in the weekly time frame.
- Support @2.11 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.97 to 4.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.14 from a trend line in the daily time frame.
- Resistance @4.61 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 | UP | POSITIVE | The long term trend for LASE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LASE is neutral. |
| ChartMill Relative Strength | 68.54 | NEUTRAL | LASE is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of LASE is above a declining 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) | 50.91 | 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) | 37.67 | NEUTRAL | The Stochastics value for LASE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.53 | HIGH VOLATILITY | The high ATR as a percentage value for LASE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.84 | NEUTRAL | The ADX value for LASE suggests a possible start of a new trend. |
3.96
+0.15 (+3.94%)
LASER PHOTONICS CORP / LASE FAQ
Can you provide the ChartMill technical rating for LASER PHOTONICS CORP?
ChartMill assigns a technical rating of 5 / 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 Bullish.
What is the RSI signal for LASER PHOTONICS CORP (LASE) stock?
LASER PHOTONICS CORP (LASE) has an RSI value of 50.9082. 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 -0.0357837, indicating a bearish trend.
What is the support and resistance level for LASE stock?
LASER PHOTONICS CORP (LASE) has a support level at 3.86 and a resistance level at 3.97. Check the full technical report for our detailed analysis of LASE support and resistance levels.