LUMENTUM HOLDINGS INC (LITE) Technical Analysis
NASDAQ:LITE • US55024U1097
Current stock price
LITE Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- 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. 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 97% of 47 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 6627010 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 642.37 - 960.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LITE Weekly and Daily overview Charts
LITE Setup Rating and Analysis
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
LITE Support and Resistance Analysis
485.14
When analyzing the support we can see 3 important areas.
- Support @824.00 from a horizontal line in the daily time frame.
- Support @735.74 from a trend line in the daily time frame.
- Support @490.04 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 | 99.79 | POSITIVE | LITE has a high relative strength, it outperformed 99.79% 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) | 61.65 | NEUTRAL | The RSI value for LITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.24 | POSITIVE | The MACD value suggests LITE has a positive trend. |
| Stochastics (14,3) | 67.26 | NEUTRAL | The Stochastics value for LITE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.47 | HIGH VOLATILITY | The high ATR as a percentage value for LITE suggests high volalility. |
| Average Directional Index/ADX (14) | 26.69 | POSITIVE | The high ADX value value for LITE suggests a strong trend. |
LITE Chart- and CandleStick Pattern Analysis
LITE Technicals: Chart, Performance Metrics, Trend & Indicators
891.22
+67.21 (+8.16%)
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 61.6505. 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.