LUFAX HOLDING LTD-ADR (LU) Stock Technical Analysis
USA - NYSE:LU - US54975P2011 - ADR
Overall LU gets a technical rating of 2 out of 10. Although LU is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
LU has a poor technical rating and the quality of the setup is also not perfect 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.
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2.22
We found 6 important support areas.
- Support @2.89 from a horizontal line in the daily time frame.
- Support @2.74 from a horizontal line in the daily time frame.
- A support zone ranging from 2.65 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.43 from a trend line in the weekly time frame.
- Support @2.31 from a horizontal line in the weekly time frame.
- Support @2.24 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.31 to 3.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.95 from a trend line in the weekly time frame.
- Resistance @4.03 from a horizontal 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 LU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LU is down. |
| ChartMill Relative Strength | 70.04 | POSITIVE | LU has a high relative strength, it outperformed 70.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.34 | NEUTRAL | The RSI value for LU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests LU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.47 | NEUTRAL | The Stochastics value for LU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for LU suggests high volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for LU suggests a possible start of a new trend. |
2.97
-0.15 (-4.81%)
LUFAX HOLDING LTD-ADR / LU FAQ
What is the ChartMill technical rating of LUFAX HOLDING LTD-ADR (LU) stock?
ChartMill assigns a technical rating of 2 / 10 to LU.
What is the current trend direction of LUFAX HOLDING LTD-ADR (LU) stock?
The current trend direction for LUFAX HOLDING LTD-ADR (LU) is Bearish.
What is the RSI signal for LU stock?
LUFAX HOLDING LTD-ADR (LU) has an RSI value of 40.342. This indicates that the stock is currently neutral.
What is the support and resistance level for LU stock?
LUFAX HOLDING LTD-ADR (LU) has a support level at 2.89 and a resistance level at 3.31. Check the full technical report for our detailed analysis of LU support and resistance levels.