LAKESHORE BIOPHARMA CO LTD (LSB) Stock Technical Analysis
NASDAQ:LSB - KYG9845F2080 - Common Stock
0.8 USD
+0.01 (+1.25%)
0.8 USD
0 (0%)
Overall LSB gets a technical rating of 2 out of 10. Although LSB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
LSB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
LSB is part of the Biotechnology industry. There are 547 other stocks in this industry. LSB outperforms 76% of them.
In the last month LSB has a been trading in the 0.59 - 0.85 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, LSB did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, LSB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.83. Right above this resistance zone may be a good entry point.
More info and screens
0.68
0.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.72 from a trend line in the weekly time frame.
- Support @0.69 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.83 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.87 from a trend 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 | DOWN | NEGATIVE | The long term trend for LSB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LSB is down. |
| ChartMill Relative Strength | 84.78 | POSITIVE | LSB has a high relative strength, it outperformed 84.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LSB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LSB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LSB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.45 | NEUTRAL | The RSI value for LSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.67 | NEUTRAL | The Stochastics value for LSB is a neutral value. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for LSB suggests high volalility. |
| Average Directional Index/ADX (14) | 22.84 | NEUTRAL | The ADX value for LSB suggests a possible start of a new 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)
0.8
+0.01 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.25%
1 Week-4.31%
2 Weeks1.27%
1 Month-2.44%
3 Month-25.23%
6 Month-64.51%
12 Month81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%8.06%
ATR Inc-46.67%
Range Today0.04
ADR(20)0.06
ADR(20)%7.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.78
Mansfield-6.22
10 Day High0.85
10 Day Low0.74
20 Day High0.85
20 Day Low0.59
52 Week High5.7
52 Week Low0.42
CS1 End0.79
CR1 Start0.83
Volume & EV
DER(3)-14.44%
DER(5)-15.38%
Volume183.10K
Volume Incr-31.47%
Vol(5)51.92K
Vol(50)379.83K