LITE Technical Analysis - LUMENTUM HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to LITE. Both in the recent history as in the last year, LITE has proven to be a steady performer, scoring decent points in every aspect analyzed.

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 LITE is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, LITE also shows a nice and consistent pattern of rising prices.

LITE is one of the better performing stocks in the Communications Equipment industry, it outperforms 85% of 48 stocks in the same industry.

LITE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month LITE has a been trading in the 125.00 - 173.38 range, which is quite wide. It is currently trading near the high of this range.

LITE has an average volume of 3471790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

LUMENTUM HOLDINGS INC / LITE Weekly stock chart

LUMENTUM HOLDINGS INC / LITE Daily stock chart

Setup Rating and Analysis

Although LITE 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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

129.27

166.20

When analyzing the support we can see 2 important areas.

Support @152.74 from a horizontal line in the daily time frame.
A support zone ranging from 130.58 to 132.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 LITE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LITE is up.
ChartMill Relative Strength	96.64	POSITIVE	LITE has a high relative strength, it outperformed 96.64% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LITE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LITE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LITE is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.45	NEUTRAL	The RSI value for LITE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.05	NEGATIVE	The MACD value suggests LITE has a negative trend.
Stochastics (14,3)	45.36	NEUTRAL	The Stochastics value for LITE is a neutral value.
Average True Range in percent/ATR (20)	4.94	MEDIUM VOLATILITY	The ATR as a percentage value for LITE suggests some volalility.
Average Directional Index/ADX (14)	41.06	POSITIVE	The high ADX value value for LITE suggests a strong trend.