LEN Technical Analysis - LENZING AG

Technical Rating and Analysis

Overall LEN gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. LEN was also a bad performer in the overall market in the last year.

84% of all other stocks performed better in the past year than LEN.

LEN is one of the lesser performing stocks in the Chemicals industry. 64% of 69 stocks in the same industry do better.

Warning: LEN has an average volume of 864 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month LEN has a been trading in the 24.20 - 28.30 range, which is quite wide. It is currently trading near the high of this range.

LEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LEN is lagging the market.

Considerably lower volume is observed in the last couple of days.

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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

LEN has an average technical rating and also the quality of the setup is only medium 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

23.96

31.76

We found 3 important support areas.

A support zone ranging from 26.99 to 27.20. 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 25.52 to 25.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 24.20 to 24.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 28.06 to 28.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @31.45 from a trend line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for LEN.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LEN.DE is up.
ChartMill Relative Strength	16.54	NEGATIVE	LEN.DE has a low relative strength, it was outperformed by 83.46% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LEN.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LEN.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LEN.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	61.81	NEUTRAL	The RSI value for LEN.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests LEN.DE has a positive trend.
Stochastics (14,3)	82.4	OVERBOUGHT	The high Stochastics value suggests LEN.DE may be overbought.
Average True Range in percent/ATR (20)	2.73	MEDIUM VOLATILITY	The ATR as a percentage value for LEN.DE suggests some volalility.
Average Directional Index/ADX (14)	12.88	NEGATIVE	The low ADX value for LEN.DE suggests a weak or negative trend.