LUMENT FINANCE TRUST INC (LFT) Stock Technical Analysis
NYSE:LFT - New York Stock Exchange, Inc. - US55025L1089 - REIT - Currency: USD
We assign a technical rating of 0 out of 10 to LFT. LFT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, LFT is a bad performer in the overall market: 89% of all stocks are doing better.
LFT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 67 other stocks in this industry, of which 84% are performing better than LFT.
LFT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
LFT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, LFT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.08, a Stop Loss order could be placed below this zone.
More info and screens
2.05
2.79
When analyzing the support we notice one important area.
- A support zone ranging from 2.07 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.19 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.46 from a trend line in the weekly time frame.
- Resistance @2.52 from a trend line in the daily time frame.
- Resistance @2.76 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 | DOWN | NEGATIVE | The long term trend for LFT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LFT is down. |
| ChartMill Relative Strength | 11.33 | NEGATIVE | LFT has a low relative strength, it was outperformed by 88.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LFT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LFT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LFT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.94 | NEUTRAL | The RSI value for LFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LFT has a positive trend. |
| Stochastics (14,3) | 40.65 | NEUTRAL | The Stochastics value for LFT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for LFT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.84 | POSITIVE | The high ADX value value for LFT 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)
2.18
+0.05 (+2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg2.35%
1 Week4.31%
2 Weeks-0.46%
1 Month-11.38%
3 Month-17.11%
6 Month-15.5%
12 Month-15.5%
2 Year0.46%
3 Year-18.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%3.61%
ATR Inc-21.84%
Range Today0.07
ADR(20)0.08
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.33
Mansfield-2.18
10 Day High2.2
10 Day Low2.06
20 Day High2.54
20 Day Low2.05
52 Week High2.84
52 Week Low2.05
CS1 End2.08
CR1 Start2.19
Volume & EV
DER(3)0.06%
DER(5)-0.1%
Volume228.30K
Volume Incr-57.75%
Vol(5)183.04K
Vol(50)251.32K