LANTRONIX INC (LTRX) Stock Technical Analysis
USA - NASDAQ:LTRX - US5165482036 - Common Stock
We assign a technical rating of 9 out of 10 to LTRX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LTRX is showing a nice and steady performance.
Besides having an excellent technical rating, LTRX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.44, a Stop Loss order could be placed below this zone.
More info and screens
3.09
We found 3 important support areas.
- A support zone ranging from 4.39 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.22 from a trend line in the daily time frame.
- Support @3.12 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.91 to 4.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for LTRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LTRX is up. |
| ChartMill Relative Strength | 91.63 | POSITIVE | LTRX has a high relative strength, it outperformed 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LTRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LTRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LTRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.65 | NEUTRAL | The RSI value for LTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LTRX has a negative trend. |
| Stochastics (14,3) | 58.16 | NEUTRAL | The Stochastics value for LTRX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for LTRX suggests high volalility. |
| Average Directional Index/ADX (14) | 44.69 | POSITIVE | The high ADX value value for LTRX suggests a strong trend. |
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 |
|---|---|---|---|
| 4.98 | 4.42 | 0.56 (11.24%) | 8.89% |
| An entry @4.98. This is a Buy Stop order right above the resistance zone. | An exit @4.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.56 points, which is 11.24%. | For a 1.00% total portfolio risk, you can invest 8.89% of your capital in this trade. |
- 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.
4.69
+0.11 (+2.4%)