LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Technical Analysis
USA - NASDAQ:LPTH - US5322578056 - Common Stock
Taking everything into account, LPTH scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
LPTH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 7.44, a Stop Loss order could be placed below this zone.
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3.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.34 to 7.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.10 from a trend line in the daily time frame.
- Support @3.96 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @7.76 from a trend line in the daily time frame.
- A resistance zone ranging from 8.02 to 8.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.69 to 8.69. 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 | UP | POSITIVE | The long term trend for LPTH is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LPTH is down. |
| ChartMill Relative Strength | 99.01 | POSITIVE | LPTH has a high relative strength, it outperformed 99.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LPTH is below 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) | 48.25 | NEUTRAL | The RSI value for LPTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests LPTH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.47 | NEUTRAL | The Stochastics value for LPTH is a neutral value. |
| Average True Range in percent/ATR (20) | 12.53 | HIGH VOLATILITY | The high ATR as a percentage value for LPTH suggests high volalility. |
| Average Directional Index/ADX (14) | 29.48 | POSITIVE | The high ADX value value for LPTH suggests a strong 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 |
|---|---|---|---|
| 7.77 | 7.33 | 0.44 (5.66%) | 17.66% |
| An entry @7.77. This is a Buy Stop order right above the resistance zone. | An exit @7.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 5.66%. | When investing 17.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of LPTH. Please evaluate whether better entry and exit points can be found.
- 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.
7.71
+0.09 (+1.18%)
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 8 / 10 to LPTH.
What is the trend direction for 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 48.2526. This indicates that the stock is currently neutral.
Can you provide the short term momentum for LIGHTPATH TECHNOLOGIES INC-A?
The short term momentum for LIGHTPATH TECHNOLOGIES INC-A (LPTH) is negative.
What are the support and resistance levels for LIGHTPATH TECHNOLOGIES INC-A (LPTH) stock?
LIGHTPATH TECHNOLOGIES INC-A (LPTH) has a support level at 7.44 and a resistance level at 7.76. Check the full technical report for our detailed analysis of LPTH support and resistance levels.