LEMAITRE VASCULAR INC (LMAT) Stock Technical Analysis
NASDAQ:LMAT - Nasdaq - US5255582018 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to LMAT. LMAT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
LMAT is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 77% of 187 stocks in the same industry.
In the last month LMAT has a been trading in the 79.00 - 97.02 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.
When compared to the yearly performance of all other stocks, LMAT outperforms 69% of them, which is more or less in line with the market.
LMAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LMAT is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LMAT 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
78.03
106.56
2 important support areas can be observed.
- A support zone ranging from 83.52 to 85.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.82 to 81.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @92.63 from a horizontal line in the weekly time frame.
- Resistance @94.26 from a horizontal line in the daily time frame.
- Resistance @105.50 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 | NEUTRAL | NEUTRAL | The long term trend for LMAT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LMAT is up. |
| ChartMill Relative Strength | 69.67 | NEUTRAL | LMAT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LMAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LMAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LMAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.72 | NEUTRAL | The RSI value for LMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.35 | POSITIVE | The MACD value suggests LMAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.98 | NEUTRAL | The Stochastics value for LMAT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for LMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for LMAT suggests a possible start of a new trend. |
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)
92.62
+0.34 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.37%
1 Week9.79%
2 Weeks12.31%
1 Month10.14%
3 Month9.26%
6 Month-6.11%
12 Month9.29%
2 Year60.21%
3 Year87.57%
5 Year186.93%
10 Year600.61%
15 Year1195.38%
Volatility
ATR(14)2.9
ATR(20)%2.9%
ATR Inc2.66%
Range Today1.92
ADR(20)2.38
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.67
Mansfield-0.5
10 Day High97.02
10 Day Low79.01
20 Day High97.02
20 Day Low79.01
52 Week High109.58
52 Week Low71.42
CS1 End85.33
CR1 Start92.63
Volume & EV
DER(3)0.59%
DER(5)0.88%
Volume223.00K
Volume Incr162.18%
Vol(5)287.60K
Vol(50)148.89K