LENZ THERAPEUTICS INC (LENZ) Stock Technical Analysis
NASDAQ:LENZ - Nasdaq - US52635N1037 - Common Stock - Currency: USD
Taking everything into account, LENZ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, LENZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, LENZ did better than 82% of all other stocks. On top of that, LENZ also shows a nice and consistent pattern of rising prices.
LENZ is part of the Pharmaceuticals industry. There are 194 other stocks in this industry. LENZ outperforms 76% of them.
LENZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LENZ is lagging the market.
In the last month LENZ has a been trading in the 28.80 - 35.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LENZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 34.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.61, a Stop Loss order could be placed below this zone.
More info and screens
21.70
35.55
4 important support areas can be observed.
- A support zone ranging from 31.30 to 31.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.24 from a horizontal line in the daily time frame.
- Support @28.08 from a horizontal line in the daily time frame.
- Support @21.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.70 to 35.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 LENZ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LENZ is neutral. |
| ChartMill Relative Strength | 82.6 | POSITIVE | LENZ has a high relative strength, it outperformed 82.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LENZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LENZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LENZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.66 | NEUTRAL | The RSI value for LENZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests LENZ has a negative trend. |
| Stochastics (14,3) | 37.95 | NEUTRAL | The Stochastics value for LENZ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for LENZ suggests high volalility. |
| Average Directional Index/ADX (14) | 23.17 | NEUTRAL | The ADX value for LENZ suggests a possible start of a new 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 |
|---|---|---|---|
| 33.47 | 31.29 | 2.18 (6.51%) | 15.35% |
| An entry @33.47. This is a Buy Stop order right above the 10 day moving average. | An exit @31.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.18 points, which is 6.51%. | When investing 15.35% 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 LENZ. 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.
31.62
-1.78 (-5.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-5.33%
1 Week-6.26%
2 Weeks-8.85%
1 Month5.01%
3 Month17.68%
6 Month28.8%
12 Month31.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%6.26%
ATR Inc-3.01%
Range Today2.5
ADR(20)1.98
ADR(20)%6.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.6
Mansfield0.59
10 Day High35.87
10 Day Low30.85
20 Day High35.95
20 Day Low28.8
52 Week High38.93
52 Week Low16.54
CS1 End31.61
CR1 Start34.7
Volume & EV
DER(3)-2.16%
DER(5)-2.24%
Volume253.10K
Volume Incr-49.35%
Vol(5)180.44K
Vol(50)276.11K