LINE Corporation (LN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:LN • US5948374039
Taking everything into account, LN scores 5 out of 10 in our technical rating. In the last year, LN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Warning: LN has an average volume of 9282 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- LN 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 LN is lagging the market slightly.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, LN outperforms 44% of them, which is more or less in line with the market.
- In the last month LN has a been trading in a tight range between 49.89 and 51.98.
- Volume is considerably higher in the last couple of days.
LN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 52.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.81, a Stop Loss order could be placed below this zone.
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48.63
When analyzing the support we notice one important area.
- A support zone ranging from 49.12 to 51.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 52.17 to 52.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 53.50 to 53.51. This zone is formed by a combination of multiple trend lines 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 LN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LN is neutral. |
| ChartMill Relative Strength | 44.01 | NEUTRAL | LN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.98 | NEUTRAL | The RSI value for LN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LN has a positive trend. |
| Stochastics (14,3) | 88.36 | OVERBOUGHT | The high Stochastics value suggests LN may be overbought. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for LN suggests low volalility. |
51.98
+0.42 (+0.81%)
LINE Corporation / LN FAQ
Can you provide the ChartMill technical rating for LINE Corporation?
ChartMill assigns a technical rating of 5 / 10 to LN.
What is the trend direction for LN stock?
The current trend direction for LINE Corporation (LN) is Bearish.
What is the RSI signal for LINE Corporation (LN) stock?
LINE Corporation (LN) has an RSI value of 53.9753. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LINE Corporation?
The MACD indicator for LINE Corporation (LN) has a value of 0.00819428, indicating a bearish trend.