LANTERN PHARMA INC (LTRN) Stock Technical Analysis
NASDAQ:LTRN - Nasdaq - US51654W1018 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to LTRN. LTRN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
88% of all other stocks performed better in the past year than LTRN.
LTRN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LTRN is lagging the market.
In the last month LTRN has a been trading in the 2.85 - 4.46 range, which is quite wide. It is currently trading near the lows of this range.
LTRN is an average performer in the Biotechnology industry, it outperforms 47% of 558 stocks in the same industry.
Volume is considerably higher in the last couple of days.
The technical rating of LTRN is bad and it also does not present a 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
2.83
4.98
When analyzing the support we can see 3 important areas.
- Support @3.03 from a trend line in the weekly time frame.
- Support @2.98 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.86 to 2.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.20 to 3.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.48 to 3.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.09 from a trend line in the daily time frame.
- Resistance @4.93 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 | DOWN | NEGATIVE | The long term trend for LTRN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LTRN is down. |
| ChartMill Relative Strength | 12.17 | NEGATIVE | LTRN has a low relative strength, it was outperformed by 87.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LTRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LTRN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LTRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.36 | NEUTRAL | The RSI value for LTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests LTRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.97 | OVERSOLD | The low Stochastics value suggests LTRN may be oversold. |
| Average True Range in percent/ATR (20) | 12.11 | HIGH VOLATILITY | The high ATR as a percentage value for LTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.86 | 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)
3.19
+0.14 (+4.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.59%
1 Week-3.04%
2 Weeks-3.92%
1 Month-9.89%
3 Month-12.84%
6 Month-19.85%
12 Month-42.83%
2 Year-43.44%
3 Year-44.13%
5 Year-74.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%12.11%
ATR Inc-54.95%
Range Today0.17
ADR(20)0.38
ADR(20)%11.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.17
Mansfield-2.06
10 Day High3.73
10 Day Low2.85
20 Day High4.46
20 Day Low2.85
52 Week High6.12
52 Week Low2.55
CS1 End3.03
CR1 Start3.2
Volume & EV
DER(3)11.95%
DER(5)8.02%
Volume34.42K
Volume Incr26.16%
Vol(5)73.38K
Vol(50)50.78K