LMP AUTOMOTIVE HOLDINGS INC (LMPX) Stock Technical Analysis
USA - NASDAQ:LMPX - US53952P1012 - Common Stock
We assign a technical rating of 9 out of 10 to LMPX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LMPX is showing a nice and steady performance.
Although LMPX 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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3.74
When analyzing the support we can see 2 important areas.
- Support @5.71 from a trend line in the daily time frame.
- Support @3.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.87 to 8.89. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for LMPX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LMPX is up. |
| ChartMill Relative Strength | 95.05 | POSITIVE | LMPX has a high relative strength, it outperformed 95.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LMPX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LMPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LMPX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.34 | OVERBOUGHT | The high RSI value suggests LMPX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests LMPX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.73 | OVERBOUGHT | The high Stochastics value suggests LMPX may be overbought. |
| Average True Range in percent/ATR (20) | 8.64 | HIGH VOLATILITY | The high ATR as a percentage value for LMPX suggests high volalility. |
| Average Directional Index/ADX (14) | 49.16 | POSITIVE | The high ADX value value for LMPX suggests a strong trend. |
8.45
-0.3 (-3.43%)
LMP AUTOMOTIVE HOLDINGS INC / LMPX FAQ
Can you provide the ChartMill technical rating for LMP AUTOMOTIVE HOLDINGS INC?
ChartMill assigns a technical rating of 8 / 10 to LMPX.
What is the current trend direction of LMP AUTOMOTIVE HOLDINGS INC (LMPX) stock?
The current trend direction for LMP AUTOMOTIVE HOLDINGS INC (LMPX) is Bullish.
Can you provide the RSI signal for LMP AUTOMOTIVE HOLDINGS INC?
LMP AUTOMOTIVE HOLDINGS INC (LMPX) has an RSI value of 70.3396. This indicates that the stock is currently overbought.
Can you provide the MACD signal for LMP AUTOMOTIVE HOLDINGS INC?
The MACD indicator for LMP AUTOMOTIVE HOLDINGS INC (LMPX) has a value of 0.0586906, indicating a bearish trend.
What is the short term momentum for LMP AUTOMOTIVE HOLDINGS INC (LMPX) stock?
The short term momentum for LMP AUTOMOTIVE HOLDINGS INC (LMPX) is positive.