INNOVATIVE EYEWEAR INC (LUCY) Stock Technical Analysis
NASDAQ:LUCY - Nasdaq - US45791D2080 - Common Stock - Currency: USD
Taking everything into account, LUCY scores 0 out of 10 in our technical rating. LUCY 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.
When comparing the yearly performance of all stocks, LUCY is a bad performer in the overall market: 96% of all stocks are doing better.
LUCY is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 79% of 187 stocks in the same industry do better.
LUCY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
LUCY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
LUCY has an average volume of 2490760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, LUCY does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for LUCY 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
1.94
2.59
We found 1 important support area.
- Support @1.96 from a trend line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 2.04 to 2.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.14 from a horizontal line in the weekly time frame.
- Resistance @2.21 from a horizontal line in the daily time frame.
- Resistance @2.25 from a horizontal line in the daily time frame.
- Resistance @2.45 from a trend line in the daily time frame.
- Resistance @2.56 from a trend line 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 | DOWN | NEGATIVE | The long term trend for LUCY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LUCY is down. |
| ChartMill Relative Strength | 4.69 | NEGATIVE | LUCY has a low relative strength, it was outperformed by 95.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LUCY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LUCY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LUCY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.7 | NEUTRAL | The RSI value for LUCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests LUCY has a positive trend. |
| Stochastics (14,3) | 30.83 | NEUTRAL | The Stochastics value for LUCY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for LUCY suggests some volalility. |
| Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for LUCY suggests a weak or negative 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)
1.97
-0.04 (-1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.99%
1 Week0%
2 Weeks-6.19%
1 Month-8.8%
3 Month-29.64%
6 Month-60.12%
12 Month-48.83%
2 Year-83.99%
3 Year-96.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%4.84%
ATR Inc11.16%
Range Today0.14
ADR(20)0.09
ADR(20)%4.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.69
Mansfield-5.98
10 Day High2.12
10 Day Low1.86
20 Day High2.3
20 Day Low1.86
52 Week High11.16
52 Week Low1.57
CS1 End1.96
CR1 Start2.04
Volume & EV
DER(3)2.08%
DER(5)6.01%
Volume83.20K
Volume Incr-64.82%
Vol(5)65.84K
Vol(50)2.49M