LUMENTUM HOLDINGS INC (LITE) Stock Technical Analysis
NASDAQ:LITE - Nasdaq - US55024U1097 - Common Stock - Currency: USD
Overall LITE gets a technical rating of 10 out of 10. 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.
Looking at the yearly performance, LITE did better than 95% of all other stocks. We also observe that the gains produced by LITE over the past year are nicely spread over this period.
LITE is one of the better performing stocks in the Communications Equipment industry, it outperforms 82% of 48 stocks in the same industry.
LITE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LITE is lagging the market slightly.
LITE has an average volume of 2439640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month LITE has a been trading in the 97.55 - 129.98 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.
LITE has an excellent technical rating, but the quality of the setup is only medium 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
109.56
120.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 114.62 to 115.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.67 to 111.37. 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 | 95.94 | POSITIVE | LITE has a high relative strength, it outperformed 95.94% 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) | 67.39 | NEUTRAL | The RSI value for LITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests LITE has a positive trend. |
| Stochastics (14,3) | 52.44 | NEUTRAL | The Stochastics value for LITE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for LITE suggests some volalility. |
| Average Directional Index/ADX (14) | 40.06 | POSITIVE | The high ADX value value for LITE 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 129.99 | 114.61 | 15.38 (11.83%) | 8.45% |
| An entry @129.99. This is a Buy Stop order right above the 10 day high. | An exit @114.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 15.38 points, which is 11.83%. | When investing 8.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
118.98
+3.12 (+2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.69%
1 Week3.43%
2 Weeks7.06%
1 Month14.58%
3 Month57.03%
6 Month62.21%
12 Month101.08%
2 Year119.8%
3 Year42.41%
5 Year38.35%
10 Year502.74%
15 YearN/A
Volatility
ATR(14)5.68
ATR(20)%4.36%
ATR Inc-24.7%
Range Today4.17
ADR(20)4.9
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.94
Mansfield3.92
10 Day High129.98
10 Day Low106.16
20 Day High129.98
20 Day Low97.55
52 Week High129.98
52 Week Low45.65
CS1 End115.86
CR1 StartN/A
Volume & EV
DER(3)6.01%
DER(5)4.55%
Volume2.97M
Volume Incr133.17%
Vol(5)5.32M
Vol(50)2.44M