LPL Technical Analysis - LG DISPLAY CO LTD-ADR

Technical Rating and Analysis

Overall LPL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LPL is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

LPL is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 70% of 124 stocks in the same industry.

LPL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month LPL has a been trading in the 4.28 - 5.30 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that LPL is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LG DISPLAY CO LTD-ADR / LPL Weekly stock chart

LG DISPLAY CO LTD-ADR / LPL Daily stock chart

Setup Rating and Analysis

Although LPL has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.53

5.34

We found 2 important support areas.

A support zone ranging from 4.72 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @4.58 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for LPL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LPL is up.
ChartMill Relative Strength	89.5	POSITIVE	LPL has a high relative strength, it outperformed 89.5% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LPL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LPL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LPL is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.16	OVERBOUGHT	The high RSI value suggests LPL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests LPL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	94.71	OVERBOUGHT	The high Stochastics value suggests LPL may be overbought.
Average True Range in percent/ATR (20)	2.65	MEDIUM VOLATILITY	The ATR as a percentage value for LPL suggests some volalility.
Average Directional Index/ADX (14)	38.82	POSITIVE	The high ADX value value for LPL suggests a strong trend.