Taking everything into account, LITE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LITE is showing a nice and steady performance.
Although LITE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
328.75
2 important support areas can be observed.
- A support zone ranging from 389.46 to 389.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 332.07 to 333.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 99.37 | POSITIVE | LITE has a high relative strength, it outperformed 99.37% 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) | 68.64 | NEUTRAL | The RSI value for LITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests LITE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.59 | OVERBOUGHT | The high Stochastics value suggests LITE may be overbought. |
| Average True Range in percent/ATR (20) | 6.79 | HIGH VOLATILITY | The high ATR as a percentage value for LITE suggests high volalility. |
| Average Directional Index/ADX (14) | 33.45 | POSITIVE | The high ADX value value for LITE suggests a strong trend. |
389.88
+18.45 (+4.97%)
LUMENTUM HOLDINGS INC / LITE FAQ
What is the technical rating for LITE stock?
ChartMill assigns a technical rating of 10 / 10 to LITE.
What is the trend direction for LITE stock?
The current trend direction for LUMENTUM HOLDINGS INC (LITE) is Bullish.
What is the RSI signal for LUMENTUM HOLDINGS INC (LITE) stock?
LUMENTUM HOLDINGS INC (LITE) has an RSI value of 68.6362. This indicates that the stock is currently neutral.
What is the buy/sell signal for LUMENTUM HOLDINGS INC (LITE) stock?
The buy/sell signal for LUMENTUM HOLDINGS INC (LITE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for LUMENTUM HOLDINGS INC?
LUMENTUM HOLDINGS INC (LITE) has a support level at 389.48. Check the full technical report for our detailed analysis of LITE support and resistance levels.