LIGHT & WONDER INC (LNW) Stock Technical Analysis
NASDAQ:LNW - Nasdaq - US80874P1093 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to LNW. LNW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
74% of all other stocks performed better in the past year than LNW.
LNW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LNW is lagging the market.
In the last month LNW has a been trading in the 79.04 - 95.15 range, which is quite wide. It is currently trading near the lows of this range.
LNW has an average volume of 1085580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LNW is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, LNW did better than 41% of them.
Although the technical rating is bad, LNW 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 87.76. Right above this resistance zone may be a good entry point.
More info and screens
76.82
113.81
2 important support areas can be observed.
- Support @82.80 from a trend line in the daily time frame.
- A support zone ranging from 77.60 to 78.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 87.76 to 88.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @91.68 from a horizontal line in the weekly time frame.
- Resistance @93.87 from a horizontal line in the daily time frame.
- Resistance @109.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 112.57 to 112.68. 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 | DOWN | NEGATIVE | The long term trend for LNW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LNW is neutral. |
| ChartMill Relative Strength | 26.33 | NEGATIVE | LNW has a low relative strength, it was outperformed by 73.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LNW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LNW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LNW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.88 | NEUTRAL | The RSI value for LNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests LNW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.64 | NEUTRAL | The Stochastics value for LNW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for LNW suggests some volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for LNW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
86.01
+4 (+4.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg4.88%
1 Week1.75%
2 Weeks5.55%
1 Month1.92%
3 Month-15.54%
6 Month-10.8%
12 Month-9.21%
2 Year47.56%
3 Year62.9%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.83
ATR(20)%4.22%
ATR Inc-7.18%
Range Today5.2
ADR(20)3.01
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.33
Mansfield-1.19
10 Day High88.94
10 Day Low80.43
20 Day High95.15
20 Day Low79.04
52 Week High115
52 Week Low75.46
CS1 End82.8
CR1 Start87.76
Volume & EV
DER(3)0%
DER(5)1.84%
Volume1.36M
Volume Incr1.66%
Vol(5)1.17M
Vol(50)1.09M