LSE Technical Analysis - LEISHEN ENERGY HOLDING CO LT

Technical Rating and Analysis

Overall LSE gets a technical rating of 2 out of 10. In the last year, LSE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, LSE is a bad performer in the overall market: 100% of all stocks are doing better.

LSE is one of the lesser performing stocks in the Energy Equipment & Services industry. 88% of 63 stocks in the same industry do better.

In the last month LSE has a been trading in the 4.79 - 5.70 range, which is quite wide. It is currently trading near the lows of this range.

Warning: LSE has an average volume of 16584 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LEISHEN ENERGY HOLDING CO LT / LSE Weekly stock chart

LEISHEN ENERGY HOLDING CO LT / LSE Daily stock chart

Setup Rating and Analysis

LSE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.98, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.92

6.01

We found 1 important support area.

A support zone ranging from 4.97 to 4.98. This zone is formed by a combination of multiple trend lines in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 5.21 to 5.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 5.49 to 5.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @5.95 from a horizontal 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 LSE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LSE is down.
ChartMill Relative Strength	0	NEGATIVE	LSE has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LSE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of LSE is below the rising SMA(50).
Relative Strength Index/RSI (14)	41.86	NEUTRAL	The RSI value for LSE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests LSE has a negative trend.
Stochastics (14,3)	28.94	NEUTRAL	The Stochastics value for LSE is a neutral value.
Average True Range in percent/ATR (20)	6.72	HIGH VOLATILITY	The high ATR as a percentage value for LSE suggests high volalility.
Average Directional Index/ADX (14)	12.77	NEGATIVE	The low ADX value for LSE suggests a weak or negative trend.