LIGHTBRIDGE CORP (LTBR) Stock Technical Analysis
NASDAQ:LTBR • US53224K3023
We assign a technical rating of 0 out of 10 to LTBR. LTBR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, LTBR is a bad performer in the overall market: 66% of all stocks are doing better.
- LTBR is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 74% of 206 stocks in the same industry do better.
- LTBR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month LTBR has a been trading in the 12.06 - 17.30 range, which is quite wide. It is currently trading near the lows of this range.
LTBR 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 resistance zone just above the current price starting at 13.78. Right above this resistance zone may be a good entry point.
More info and screens
12.35
We found 2 important support areas.
- Support @12.87 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.47 to 12.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.78 to 13.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.17 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 LTBR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LTBR is down. |
| ChartMill Relative Strength | 34.29 | NEUTRAL | LTBR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LTBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LTBR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LTBR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.24 | NEUTRAL | The RSI value for LTBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LTBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.81 | NEUTRAL | The Stochastics value for LTBR is a neutral value. |
| Average True Range in percent/ATR (20) | 9.61 | HIGH VOLATILITY | The high ATR as a percentage value for LTBR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.39 | NEGATIVE | The low ADX value for LTBR suggests a weak or negative trend. |
12.93
-0.94 (-6.78%)
LIGHTBRIDGE CORP / LTBR FAQ
What is the technical rating for LTBR stock?
ChartMill assigns a technical rating of 0 / 10 to LTBR.
What is the current trend direction of LIGHTBRIDGE CORP (LTBR) stock?
The current trend direction for LIGHTBRIDGE CORP (LTBR) is Bearish.
What is the RSI signal for LTBR stock?
LIGHTBRIDGE CORP (LTBR) has an RSI value of 42.2353. This indicates that the stock is currently neutral.
What is the buy/sell signal for LIGHTBRIDGE CORP (LTBR) stock?
The buy/sell signal for LIGHTBRIDGE CORP (LTBR) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for LIGHTBRIDGE CORP (LTBR) stock?
LIGHTBRIDGE CORP (LTBR) has a support level at 12.87 and a resistance level at 13.78. Check the full technical report for our detailed analysis of LTBR support and resistance levels.