LUMENTUM HOLDINGS INC (LITE) Technical Analysis
NASDAQ:LITE • US55024U1097
Current stock price
826.88 USD
+62.23 (+8.14%)
At close:
826.85 USD
-0.03 (0%)
After Hours:
LITE 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 99% of all stocks. We also observe that the gains produced by LITE over the past year are nicely spread over this period.
- LITE is part of the Communications Equipment industry. There are 48 other stocks in this industry. LITE outperforms 100% of them.
- LITE is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LITE is leading the market.
- In the last month LITE has a been trading in the 548.24 - 827.56 range, which is quite wide. It is currently trading near the high of this range.
- LITE has an average volume of 6367570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LITE Weekly and Daily overview Charts
LITE Setup Rating and Analysis
Although LITE has an excellent technical rating, it does not offer a high quality setup 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
LITE Support and Resistance Analysis
460.92
835.15
We found 2 important support areas.
- Support @675.03 from a trend line in the daily time frame.
- Support @465.58 from a trend line in the daily time frame.
LITE 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 | 99.74 | POSITIVE | LITE has a high relative strength, it outperformed 99.74% 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) | 62.35 | NEUTRAL | The RSI value for LITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.03 | POSITIVE | The MACD value suggests LITE has a positive trend. |
| Stochastics (14,3) | 78.61 | NEUTRAL | The Stochastics value for LITE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.15 | HIGH VOLATILITY | The high ATR as a percentage value for LITE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.2 | NEUTRAL | The ADX value for LITE suggests a possible start of a new trend. |
LITE Chart- and CandleStick Pattern Analysis
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)
LITE Technicals: Chart, Performance Metrics, Trend & Indicators
826.88
+62.23 (+8.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg8.14%
1 Week20.05%
2 Weeks7.09%
1 Month27.05%
3 Month114.16%
6 Month404.78%
12 Month1568.44%
2 Year1789.58%
3 Year1613.74%
5 Year872.23%
10 Year3168.3%
15 YearN/A
Volatility
ATR(14)80.72
ATR(20)%9.15%
ATR Inc39.53%
Range Today119.72
ADR(20)67.38
ADR(20)%8.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.74
3 months CRS99.24
6 months CRS99.81
Mansfield22.17
10 Day High827.56
10 Day Low642.37
20 Day High827.56
20 Day Low548.24
52 Week High827.56
52 Week Low47.05
CS1 End675.03
CR1 StartN/A
Volume & EV
DER(3)1.59%
DER(5)0.38%
Volume7.89M
Volume Incr-12.63%
Vol(5)6.73M
Vol(50)6.37M
LUMENTUM HOLDINGS INC / LITE TA FAQ
What is the technical rating for LITE stock?
ChartMill assigns a technical rating of 10 / 10 to LITE.
Can you provide the trend direction for LUMENTUM HOLDINGS INC?
The current trend direction for LUMENTUM HOLDINGS INC (LITE) is Bullish.
Can you provide the RSI signal for LUMENTUM HOLDINGS INC?
LUMENTUM HOLDINGS INC (LITE) has an RSI value of 62.3531. This indicates that the stock is currently neutral.
Can you provide the short term momentum for LUMENTUM HOLDINGS INC?
The short term momentum for LUMENTUM HOLDINGS INC (LITE) is positive.
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.