LDO Technical Analysis - LEONARDO SPA

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to LDO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LDO is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that LDO is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by LDO over the past year are nicely spread over this period.

LDO is part of the Aerospace & Defense industry. There are 43 other stocks in this industry. LDO outperforms 78% of them.

LDO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month LDO has a been trading in the 46.19 - 56.68 range, which is quite wide. It is currently trading near the high of this range.

LDO has an average volume of 3513200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although LDO has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

29.46

56.36

When analyzing the support we can see 6 important areas.

A support zone ranging from 51.51 to 51.52. 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 49.09 to 49.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @48.02 from a trend line in the daily time frame.
Support @45.34 from a horizontal line in the daily time frame.
Support @43.85 from a horizontal line in the daily time frame.
Support @29.76 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 LDO.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LDO.MI is up.
ChartMill Relative Strength	97.84	POSITIVE	LDO.MI has a high relative strength, it outperformed 97.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LDO.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LDO.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LDO.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	69.54	NEUTRAL	The RSI value for LDO.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.41	POSITIVE	The MACD value suggests LDO.MI has a positive trend.
Stochastics (14,3)	92.95	OVERBOUGHT	The high Stochastics value suggests LDO.MI may be overbought.
Average True Range in percent/ATR (20)	2.88	MEDIUM VOLATILITY	The ATR as a percentage value for LDO.MI suggests some volalility.
Average Directional Index/ADX (14)	26.52	POSITIVE	The high ADX value value for LDO.MI suggests a strong trend.