LANTERN PHARMA INC (LTRN)
US51654W1018 - Common Stock
Overall LTRN gets a technical rating of 6 out of 10. In the last year, LTRN was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
LTRN is one of the better performing stocks in the Biotechnology industry, it outperforms 83% of 587 stocks in the same industry.
Looking at the yearly performance, LTRN did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
In the last month LTRN has a been trading in the 4.89 - 7.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, LTRN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for LTRN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.26
6.93
When analyzing the support we can see 5 important areas.
- Support @6.02 from a horizontal line in the daily time frame.
- A support zone ranging from 5.25 to 5.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.95 from a trend line in the daily time frame.
- Support @4.78 from a trend line in the weekly time frame.
- Support @4.30 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @6.05 from a trend line in the weekly time frame.
- Resistance @6.86 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.21
Mansfield0.98
10 Day High7.21
10 Day Low5.79
20 Day High7.21
20 Day Low4.89
52 Week High11.99
52 Week Low2.38
Performance
1 Week-2.11%
2 Weeks-1.95%
1 Month12.92%
3 Month45.65%
6 Month49.63%
12 Month20.6%
2 Year4.15%
3 Year-60.12%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)47.09
LBB5.15
UBB7.08
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.06 | 6.01 | 0.05 (0.83%) | 25.00% |
| An entry @6.06. This is a Buy Stop order right above the resistance zone. | An exit @6.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.05 points, which is 0.83%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LTRN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LANTERN PHARMA INC
NASDAQ:LTRN (5/17/2024, 7:11:33 PM)
After market: 6 -0.03 (-0.5%)6.03
-0.11 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.79%
1 Week-2.11%
2 Weeks-1.95%
1 Month12.92%
3 Month45.65%
6 Month49.63%
12 Month20.6%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.62
ATR(20)%10.11%
ATR Inc
Range Today0.43
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High7.21
10 Day Low5.79
20 Day High7.21
20 Day Low4.89
52 Week High11.99
52 Week Low2.38
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume44.00K
Volume Incr-63.84%
Vol(5)57.82K
Vol(50)337.09K