LANTERN PHARMA INC (LTRN) Stock Technical Analysis
NASDAQ:LTRN - Nasdaq - US51654W1018 - Common Stock - Currency: USD
Taking everything into account, LTRN scores 6 out of 10 in our technical rating. In the past year, LTRN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month LTRN has a been trading in the 3.01 - 4.47 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, LTRN outperforms 60% of them, which is more or less in line with the market.
LTRN is an average performer in the Biotechnology industry, it outperforms 66% of 558 stocks in the same industry.
LTRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LTRN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LTRN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.02
4.83
2 important support areas can be observed.
- Support @3.16 from a trend line in the daily time frame.
- Support @3.05 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.78 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for LTRN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LTRN is up. |
| ChartMill Relative Strength | 60.83 | NEUTRAL | LTRN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LTRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LTRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LTRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.73 | NEUTRAL | The RSI value for LTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests LTRN has a positive trend. |
| Stochastics (14,3) | 67.7 | NEUTRAL | The Stochastics value for LTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for LTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.03 | NEUTRAL | The ADX value for LTRN 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)
4.28
+0.29 (+7.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.27%
1 Week21.94%
2 Weeks34.59%
1 Month35.87%
3 Month25.15%
6 Month15.99%
12 Month-2.95%
2 Year-7.56%
3 Year-16.57%
5 Year-65.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%7.54%
ATR Inc29.39%
Range Today0.47
ADR(20)0.31
ADR(20)%7.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.83
Mansfield0.54
10 Day High4.47
10 Day Low3.15
20 Day High4.47
20 Day Low3.01
52 Week High6.12
52 Week Low2.55
CS1 End3.16
CR1 Start4.78
Volume & EV
DER(3)3.55%
DER(5)2.81%
Volume151.43K
Volume Incr-19.52%
Vol(5)220.97K
Vol(50)164.94K