NLIGHT INC (LASR) Stock Technical Analysis
NASDAQ:LASR - Nasdaq - US65487K1007 - Common Stock - Currency: USD
Taking everything into account, LASR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LASR is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
LASR is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. LASR outperforms 82% of them.
LASR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LASR is leading the market.
In the last month LASR has a been trading in the 7.88 - 16.21 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, LASR did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LASR 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
14.98
15.28
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 LASR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LASR is up. |
| ChartMill Relative Strength | 94.29 | POSITIVE | LASR has a high relative strength, it outperformed 94.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LASR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LASR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LASR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.31 | OVERBOUGHT | The high RSI value suggests LASR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests LASR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.51 | OVERBOUGHT | The high Stochastics value suggests LASR may be overbought. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for LASR suggests high volalility. |
| Average Directional Index/ADX (14) | 55.64 | POSITIVE | The high ADX value value for LASR 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)
15.13
-0.44 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.83%
1 Week6.4%
2 Weeks18.48%
1 Month90.08%
3 Month64.99%
6 Month39.32%
12 Month15.06%
2 Year4.63%
3 Year23.31%
5 Year-29.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%5.88%
ATR Inc-22.45%
Range Today0.6
ADR(20)0.74
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.29
Mansfield3.66
10 Day High16.21
10 Day Low12.17
20 Day High16.21
20 Day Low7.88
52 Week High16.21
52 Week Low6.2
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)1.42%
DER(5)2.43%
Volume1.55M
Volume Incr132.78%
Vol(5)1.21M
Vol(50)505.78K