LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Technical Analysis
NASDAQ:LPTH • US5322578056
We assign a technical rating of 10 out of 10 to LPTH. Both in the recent history as in the last year, LPTH has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, LPTH did better than 99% of all other stocks. We also observe that the gains produced by LPTH over the past year are nicely spread over this period.
- LPTH is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. LPTH outperforms 97% of them.
- LPTH 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 LPTH is lagging the market slightly.
- LPTH has an average volume of 2888780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month LPTH has a been trading in the 8.72 - 14.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, LPTH also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 10.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LPTH in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3 important support areas can be observed.
- A support zone ranging from 10.26 to 10.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.72 from a trend line in the daily time frame.
- A support zone ranging from 8.78 to 8.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @13.61 from a horizontal line 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 | UP | POSITIVE | The long term trend for LPTH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LPTH is up. |
| ChartMill Relative Strength | 99.25 | POSITIVE | LPTH has a high relative strength, it outperformed 99.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LPTH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LPTH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LPTH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.01 | NEUTRAL | The RSI value for LPTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests LPTH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.19 | NEUTRAL | The Stochastics value for LPTH is a neutral value. |
| Average True Range in percent/ATR (20) | 12.18 | HIGH VOLATILITY | The high ATR as a percentage value for LPTH suggests high volalility. |
| Average Directional Index/ADX (14) | 18.19 | NEGATIVE | The low ADX value for LPTH suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.62 | 10.25 | 3.37 (24.74%) | 4.04% |
| An entry @13.62. This is a Buy Stop order right above the resistance zone. | An exit @10.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.37 points, which is 24.74%. | For a 1.00% total portfolio risk, you can invest 4.04% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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-1.6 (-11.76%)
LIGHTPATH TECHNOLOGIES INC-A / LPTH FAQ
What is the ChartMill technical rating of LIGHTPATH TECHNOLOGIES INC-A (LPTH) stock?
ChartMill assigns a technical rating of 10 / 10 to LPTH.
What is the current trend direction of LIGHTPATH TECHNOLOGIES INC-A (LPTH) stock?
The current trend direction for LIGHTPATH TECHNOLOGIES INC-A (LPTH) is Bullish.
What is the RSI signal for LPTH stock?
LIGHTPATH TECHNOLOGIES INC-A (LPTH) has an RSI value of 53.0053. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for LIGHTPATH TECHNOLOGIES INC-A?
The buy/sell signal for LIGHTPATH TECHNOLOGIES INC-A (LPTH) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for LIGHTPATH TECHNOLOGIES INC-A (LPTH) stock?
LIGHTPATH TECHNOLOGIES INC-A (LPTH) has a support level at 10.43 and a resistance level at 13.61. Check the full technical report for our detailed analysis of LPTH support and resistance levels.