NYSE:LTC - New York Stock Exchange, Inc. - US5021751020 - REIT - Currency: USD
Overall LTC gets a technical rating of 2 out of 10. In the last year, LTC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, LTC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.28, a Stop Loss order could be placed below this zone.
33.13
We found 2 important support areas.
When analyzing the resistance we notice 2 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for LTC is neutral. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LTC is neutral. |
ChartMill Relative Strength | 34.38 | NEUTRAL | LTC is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LTC is above a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LTC is above a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LTC is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 52.24 | NEUTRAL | The RSI value for LTC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests LTC has a positive trend. |
Stochastics (14,3) | 67.84 | NEUTRAL | The Stochastics value for LTC is a neutral value. |
Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for LTC suggests low volalility. |
Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for LTC suggests a weak or negative trend. |
35.31
+0.36 (+1.03%)