LMND Technical Analysis - LEMONADE INC

Technical Rating and Analysis

Overall LMND gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

LMND is one of the better performing stocks in the Insurance industry, it outperforms 99% of 146 stocks in the same industry.

LMND is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LMND is lagging the market slightly.

LMND has an average volume of 2641030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that LMND is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

In the last month LMND has a been trading in the 45.35 - 60.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although LMND has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

33.52

54.73

3 important support areas can be observed.

Support @49.85 from a horizontal line in the daily time frame.
A support zone ranging from 39.54 to 40.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @33.86 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 53.23 to 54.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for LMND is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LMND is neutral.
ChartMill Relative Strength	96.63	POSITIVE	LMND has a high relative strength, it outperformed 96.63% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LMND is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LMND is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LMND is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.78	NEUTRAL	The RSI value for LMND is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.13	NEGATIVE	The MACD value suggests LMND has a negative trend.
Stochastics (14,3)	13.8	OVERSOLD	The low Stochastics value suggests LMND may be oversold.
Average True Range in percent/ATR (20)	7.09	HIGH VOLATILITY	The high ATR as a percentage value for LMND suggests high volalility.
Average Directional Index/ADX (14)	22.5	NEUTRAL	The ADX value for LMND suggests a possible start of a new trend.