LOAR HOLDINGS INC (LOAR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LOAR - US53947R1059 - Common Stock
We assign a technical rating of 3 out of 10 to LOAR. In the past year, LOAR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, LOAR is a bad performer in the overall market: 79% of all stocks are doing better.
- LOAR is one of the lesser performing stocks in the Aerospace & Defense industry. 77% of 71 stocks in the same industry do better.
- LOAR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- LOAR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although the technical rating is bad, LOAR does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 72.63, a Stop Loss order could be placed below this zone.
More info and screens
63.20
We found 4 important support areas.
- A support zone ranging from 71.68 to 72.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.31 to 70.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @67.52 from a horizontal line in the daily time frame.
- A support zone ranging from 63.84 to 65.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @74.67 from a trend line in the weekly time frame.
- Resistance @76.64 from a trend line in the daily time frame.
- A resistance zone ranging from 81.69 to 81.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.34 from a horizontal line in the weekly 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 LOAR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LOAR is up. |
| ChartMill Relative Strength | 21.83 | NEGATIVE | LOAR has a low relative strength, it was outperformed by 78.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LOAR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LOAR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.45 | NEUTRAL | The RSI value for LOAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests LOAR has a positive trend. |
| Stochastics (14,3) | 64.74 | NEUTRAL | The Stochastics value for LOAR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for LOAR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.66 | NEGATIVE | The low ADX value for LOAR suggests a weak or negative trend. |
73.09
+1.5 (+2.1%)
LOAR HOLDINGS INC / LOAR FAQ
What is the ChartMill technical rating of LOAR HOLDINGS INC (LOAR) stock?
ChartMill assigns a technical rating of 3 / 10 to LOAR.
What is the trend direction for LOAR stock?
The current trend direction for LOAR HOLDINGS INC (LOAR) is Bearish.
What is the RSI signal for LOAR HOLDINGS INC (LOAR) stock?
LOAR HOLDINGS INC (LOAR) has an RSI value of 60.4474. This indicates that the stock is currently neutral.
What is the MACD signal for LOAR stock?
The MACD indicator for LOAR HOLDINGS INC (LOAR) has a value of 0.38445, indicating a bearish trend.
Can you provide the support and resistance levels for LOAR HOLDINGS INC?
LOAR HOLDINGS INC (LOAR) has a support level at 72.63 and a resistance level at 74.67. Check the full technical report for our detailed analysis of LOAR support and resistance levels.