LMF ACQUISITION OPPORTUNIT-A (LMAO) Stock Technical Analysis
NASDAQ:LMAO • US5020151008
We assign a technical rating of 6 out of 10 to LMAO. In the last year, LMAO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- A new 52 week high is currently being made by LMAO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month LMAO has a been trading in the 5.72 - 22.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, LMAO did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LMAO has an average technical rating and the quality of the presented setup is also not ideal 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
9.83
When analyzing the support we notice one important area.
- A support zone ranging from 9.93 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for LMAO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LMAO is neutral. |
| ChartMill Relative Strength | 95.16 | POSITIVE | LMAO has a high relative strength, it outperformed 95.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LMAO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LMAO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LMAO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.8 | NEUTRAL | The RSI value for LMAO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests LMAO has a positive trend. |
| Stochastics (14,3) | 53.36 | NEUTRAL | The Stochastics value for LMAO is a neutral value. |
| Average True Range in percent/ATR (20) | 14.97 | HIGH VOLATILITY | The high ATR as a percentage value for LMAO suggests high volalility. |
| Average Directional Index/ADX (14) | 40.82 | POSITIVE | The high ADX value value for LMAO suggests a strong trend. |
12.35
+1.46 (+13.41%)
LMF ACQUISITION OPPORTUNIT-A / LMAO FAQ
What is the technical rating for LMAO stock?
ChartMill assigns a technical rating of 5 / 10 to LMAO.
Can you provide the trend direction for LMF ACQUISITION OPPORTUNIT-A?
The current trend direction for LMF ACQUISITION OPPORTUNIT-A (LMAO) is Bearish.
Can you provide the RSI signal for LMF ACQUISITION OPPORTUNIT-A?
LMF ACQUISITION OPPORTUNIT-A (LMAO) has an RSI value of 63.804. This indicates that the stock is currently neutral.
What is the short term momentum for LMF ACQUISITION OPPORTUNIT-A (LMAO) stock?
The short term momentum for LMF ACQUISITION OPPORTUNIT-A (LMAO) is neutral.
What are the support and resistance levels for LMF ACQUISITION OPPORTUNIT-A (LMAO) stock?
LMF ACQUISITION OPPORTUNIT-A (LMAO) has a support level at 10.08. Check the full technical report for our detailed analysis of LMAO support and resistance levels.