LEMAITRE VASCULAR INC (LMAT) Technical Analysis
NASDAQ:LMAT • US5255582018
Current stock price
LMAT Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to LMAT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LMAT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that LMAT is one of the better performing stocks in the market, outperforming 87% of all stocks.
- LMAT is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. LMAT outperforms 89% of them.
- LMAT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LMAT is performing more or less in line with the market.
- LMAT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
LMAT Weekly and Daily overview Charts
LMAT Setup Rating and Analysis
Although LMAT has an excellent technical rating, the quality of the presented setup is 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
LMAT Support and Resistance Analysis
77.91
When analyzing the support we can see 4 important areas.
- A support zone ranging from 106.10 to 106.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @84.80 from a horizontal line in the daily time frame.
- Strong support @81.01 from a horizontal line in the daily time frame.
- Support @78.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 107.97 to 109.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @113.69 from a horizontal line in the daily time frame.
LMAT 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 LMAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LMAT is up. |
| ChartMill Relative Strength | 87.03 | POSITIVE | LMAT has a high relative strength, it outperformed 87.03% off all stocks 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) | 56.55 | NEUTRAL | The RSI value for LMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests LMAT has a negative trend. |
| Stochastics (14,3) | 55.7 | NEUTRAL | The Stochastics value for LMAT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for LMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.68 | POSITIVE | The high ADX value value for LMAT suggests a strong trend. |
LMAT Chart- and CandleStick Pattern Analysis
LMAT Technicals: Chart, Performance Metrics, Trend & Indicators
106.31
-2.69 (-2.47%)
LEMAITRE VASCULAR INC / LMAT TA FAQ
What is the ChartMill technical rating of LEMAITRE VASCULAR INC (LMAT) stock?
ChartMill assigns a technical rating of 10 / 10 to LMAT.
What is the current trend direction of LEMAITRE VASCULAR INC (LMAT) stock?
The current trend direction for LEMAITRE VASCULAR INC (LMAT) is Bullish.
What is the RSI signal for LEMAITRE VASCULAR INC (LMAT) stock?
LEMAITRE VASCULAR INC (LMAT) has an RSI value of 56.5463. This indicates that the stock is currently neutral.
Can you provide the short term momentum for LEMAITRE VASCULAR INC?
The short term momentum for LEMAITRE VASCULAR INC (LMAT) is positive.
Can you provide the support and resistance levels for LEMAITRE VASCULAR INC?
LEMAITRE VASCULAR INC (LMAT) has a support level at 106.3 and a resistance level at 107.97. Check the full technical report for our detailed analysis of LMAT support and resistance levels.