LADENBURG THALMAN FIN SVCS INC (LTSH) Stock Technical Analysis
USA - NYSEARCA:LTSH -
We assign a technical rating of 2 out of 10 to LTSH. In the last year, LTSH 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, LTSH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 23.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.93, a Stop Loss order could be placed below this zone.
More info and screens
21.43
3 important support areas can be observed.
- A support zone ranging from 22.86 to 22.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @22.32 from a trend line in the daily time frame.
- Support @21.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.00 to 24.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.95 to 26.25. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for LTSH is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LTSH is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | LTSH has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LTSH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LTSH is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 49.57 | NEUTRAL | The RSI value for LTSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LTSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.28 | NEUTRAL | The Stochastics value for LTSH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for LTSH suggests some volalility. |
LADENBURG THALMAN FIN SVCS INC
NYSEARCA:LTSH (3/5/2020, 8:20:59 PM)
22.94
+0.19 (+0.84%)