LINE Corporation (LN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LN - US5948374039 - ADR
Overall LN gets a technical rating of 5 out of 10. LN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- 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 comparing the performance of all stocks over the past year, LN turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
- 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.
Although the technical rating is only medium, LN does present a nice setup opportunity. 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.
More info and screens
48.63
We found 1 important support 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.
We can see 2 important resistance 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.