LITE STRATEGY INC (LITS) Stock Technical Analysis
USA - NASDAQ:LITS - US55279B3015 - Common Stock
Taking everything into account, LITS scores 3 out of 10 in our technical rating. In the last year, LITS was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
LITS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
2.39
When analyzing the support we notice one important area.
- Support @2.41 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.69 from a horizontal 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 LITS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LITS is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | LITS has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 40.56 | NEUTRAL | The RSI value for LITS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests LITS has a negative trend. |
| Stochastics (14,3) | 40.11 | NEUTRAL | The Stochastics value for LITS is a neutral value. |
| Average Directional Index/ADX (14) | 52.75 | POSITIVE | The high ADX value value for LITS suggests a strong trend. |
2.5
+0.05 (+2.04%)