Overall LITE gets a technical rating of 10 out of 10. 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.
LITE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 232.14, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
174.74
We found 3 important support areas.
- A support zone ranging from 226.85 to 232.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @217.99 from a trend line in the daily time frame.
- Support @176.50 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 | 98.57 | POSITIVE | LITE has a high relative strength, it outperformed 98.57% 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 | 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) | 70.18 | NEUTRAL | The Stochastics value for LITE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for LITE suggests high volalility. |
| Average Directional Index/ADX (14) | 32.77 | POSITIVE | The high ADX value value for LITE suggests a strong trend. |
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 |
|---|---|---|---|
| 282.67 | 226.84 | 55.83 (19.75%) | 5.06% |
| An entry @282.67. This is a Buy Stop order right above the 10 day high. | An exit @226.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 55.83 points, which is 19.75%. | For a 1.00% total portfolio risk, you can invest 5.06% of your capital in this trade. |
- 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.
255.59
+22.35 (+9.58%)
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 60.9987. 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 232.14. Check the full technical report for our detailed analysis of LITE support and resistance levels.