LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Technical Analysis
NASDAQ:LPTH - Nasdaq - US5322578056 - Common Stock - Currency: USD
Overall LPTH gets a technical rating of 8 out of 10. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that LPTH is one of the better performing stocks in the market, outperforming 94% of all stocks.
LPTH is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 79% of 124 stocks in the same industry.
LPTH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LPTH is lagging the market.
In the last month LPTH has a been trading in the 2.75 - 3.65 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 and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.02, a Stop Loss order could be placed below this zone.
More info and screens
1.78
3.55
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.02 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.92 to 2.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.98 from a trend line in the weekly time frame.
- Support @1.80 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.45 to 3.51. 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 | NEUTRAL | NEUTRAL | The short term trend for LPTH is neutral. |
| ChartMill Relative Strength | 94.43 | POSITIVE | LPTH has a high relative strength, it outperformed 94.43% 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) | 46.4 | NEUTRAL | The RSI value for LPTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests LPTH has a negative trend. |
| Stochastics (14,3) | 38.53 | NEUTRAL | The Stochastics value for LPTH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for LPTH suggests high volalility. |
| Average Directional Index/ADX (14) | 32.89 | POSITIVE | The high ADX value value for LPTH suggests a strong 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)
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 |
|---|---|---|---|
| 3.28 | 3.01 | 0.27 (8.29%) | 12.07% |
| An entry @3.28. This is a Buy Stop order right above the 10 day moving average. | An exit @3.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.27 points, which is 8.29%. | For a 1.00% total portfolio risk, you can invest 12.07% of your capital in this trade. |
- 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.
3.03
-0.03 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.98%
1 Week-8.73%
2 Weeks-8.46%
1 Month0%
3 Month21.69%
6 Month1%
12 Month121.17%
2 Year69.27%
3 Year69.27%
5 Year-29.86%
10 Year91.77%
15 Year37.73%
Volatility
ATR(14)0.22
ATR(20)%6.51%
ATR Inc-18.85%
Range Today0.19
ADR(20)0.2
ADR(20)%6.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.43
Mansfield2.19
10 Day High3.65
10 Day Low3.01
20 Day High3.65
20 Day Low2.75
52 Week High4.42
52 Week Low1.04
CS1 End3.02
CR1 Start3.45
Volume & EV
DER(3)-0.34%
DER(5)-0.97%
Volume87.46K
Volume Incr6.22%
Vol(5)160.35K
Vol(50)173.06K