LIGHT Technical Analysis - SIGNIFY NV

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to LIGHT. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, LIGHT is a bad performer.

65% of all other stocks performed better in the past year than LIGHT.

The long and short term trends are both positive. This is looking good!

LIGHT is part of the Electrical Equipment industry. There are 56 other stocks in this industry, LIGHT did better than 69% of them.

LIGHT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LIGHT is lagging the market slightly.

In the last month LIGHT has a been trading in the 21.22 - 23.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher 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

LIGHT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.32

23.17

We found 1 important support area.

Support @21.54 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 22.07 to 22.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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 LIGHT.AS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LIGHT.AS is up.
ChartMill Relative Strength	35.88	NEUTRAL	LIGHT.AS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of LIGHT.AS is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LIGHT.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LIGHT.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)	54.68	NEUTRAL	The RSI value for LIGHT.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests LIGHT.AS has a negative trend.
Stochastics (14,3)	60.92	NEUTRAL	The Stochastics value for LIGHT.AS is a neutral value.
Average True Range in percent/ATR (20)	2.54	MEDIUM VOLATILITY	The ATR as a percentage value for LIGHT.AS suggests some volalility.
Average Directional Index/ADX (14)	27.89	POSITIVE	The high ADX value value for LIGHT.AS suggests a strong trend.