LINE Corporation (LN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LN - US5948374039 - ADR
We assign a technical rating of 5 out of 10 to LN. 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.
Although the technical rating is only medium, LN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
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
What is the technical rating for LN stock?
ChartMill assigns a technical rating of 5 / 10 to LN.
Can you provide the trend direction for LINE Corporation?
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.
What is the MACD signal for LINE Corporation (LN) stock?
The MACD indicator for LINE Corporation (LN) has a value of 0.00819428, indicating a bearish trend.
What is the short term momentum for LN stock?
The short term momentum for LINE Corporation (LN) is neutral.