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.
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
188.05
We found 3 important support areas.
- A support zone ranging from 324.34 to 324.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 252.18 to 252.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @189.95 from a trend 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 | 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 | POSITIVE | LITE has a high relative strength, it outperformed 99% 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) | 60.34 | NEUTRAL | The RSI value for LITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests LITE has a negative trend. |
| Stochastics (14,3) | 68.92 | NEUTRAL | The Stochastics value for LITE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.27 | HIGH VOLATILITY | The high ATR as a percentage value for LITE suggests high volalility. |
| Average Directional Index/ADX (14) | 38.53 | POSITIVE | The high ADX value value for LITE suggests a strong trend. |
334.69
+10.34 (+3.19%)
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 60.335. 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 324.34. Check the full technical report for our detailed analysis of LITE support and resistance levels.