LMN Technical Analysis - LUMINE GROUP INC

Technical Rating and Analysis

Taking everything into account, LMN scores 0 out of 10 in our technical rating. LMN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, LMN is a bad performer in the overall market: 63% of all stocks are doing better.

In the last month LMN has a been trading in the 38.63 - 50.26 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

LMN is an average performer in the Software industry, it outperforms 60% of 65 stocks in the same industry.

LMN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LMN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LUMINE GROUP INC / LMN Weekly stock chart

LUMINE GROUP INC / LMN Daily stock chart

Setup Rating and Analysis

The technical rating of LMN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

39.11

49.28

We found 1 important resistance area.

A resistance zone ranging from 48.24 to 48.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for LMN.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LMN.CA is down.
ChartMill Relative Strength	37.33	NEUTRAL	LMN.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LMN.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of LMN.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LMN.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	25.72	OVERSOLD	The low RSI value suggests LMN.CA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.65	NEGATIVE	The MACD value suggests LMN.CA has a negative trend.
Stochastics (14,3)	9.16	OVERSOLD	The low Stochastics value suggests LMN.CA may be oversold.
Average True Range in percent/ATR (20)	4.18	MEDIUM VOLATILITY	The ATR as a percentage value for LMN.CA suggests some volalility.
Average Directional Index/ADX (14)	35.17	POSITIVE	The high ADX value value for LMN.CA suggests a strong trend.