NLIGHT INC (LASR) Stock Technical Analysis
NASDAQ:LASR - Nasdaq - US65487K1007 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to LASR. Both in the recent history as in the last year, LASR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, LASR did better than 95% of all other stocks.
LASR is part of the Electronic Equipment, Instruments & Components industry. There are 124 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 however is also trading near new highs, which makes the performance in line with the market.
In the last month LASR has a been trading in the 17.84 - 21.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, LASR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
18.10
21.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.47 to 19.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.28 to 18.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @21.03 from a horizontal 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 | 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 | 95.76 | POSITIVE | LASR has a high relative strength, it outperformed 95.76% 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) | 57.24 | NEUTRAL | The RSI value for LASR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests LASR has a negative trend. |
| Stochastics (14,3) | 59.76 | NEUTRAL | The Stochastics value for LASR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for LASR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.29 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.04 | 19.46 | 1.58 (7.51%) | 13.32% |
| An entry @21.04. This is a Buy Stop order right above the resistance zone. | An exit @19.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.58 points, which is 7.51%. | When investing 13.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of LASR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.47
+0.8 (+4.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg4.07%
1 Week-2.57%
2 Weeks4.92%
1 Month10.23%
3 Month75.41%
6 Month89.01%
12 Month92.57%
2 Year79.4%
3 Year63.89%
5 Year-12.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%4.78%
ATR Inc11.64%
Range Today0.66
ADR(20)0.92
ADR(20)%4.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.76
Mansfield5.67
10 Day High21.6
10 Day Low18.62
20 Day High21.6
20 Day Low17.84
52 Week High21.6
52 Week Low6.2
CS1 End19.75
CR1 Start21.03
Volume & EV
DER(3)-3.25%
DER(5)-1.79%
Volume854.70K
Volume Incr29.28%
Vol(5)875.92K
Vol(50)843.33K