INNOVATIVE EYEWEAR INC (LUCY) Stock Technical Analysis
USA - NASDAQ:LUCY - US45791D2080 - Common Stock
2.03 USD
-0.02 (-0.98%)
1.97 USD
-0.06 (-2.96%)
We assign a technical rating of 1 out of 10 to LUCY. LUCY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
96% of all other stocks performed better in the past year than LUCY.
LUCY is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry, of which 74% are performing better than LUCY.
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.
In the last month LUCY has a been trading in the 1.71 - 2.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
LUCY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.79, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.71
2.23
When analyzing the support we can see 2 important areas.
- Support @1.79 from a horizontal line in the daily time frame.
- A support zone ranging from 1.73 to 1.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.04 to 2.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.10 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.21 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for LUCY is neutral. |
| ChartMill Relative Strength | 4.35 | NEGATIVE | LUCY has a low relative strength, it was outperformed by 95.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LUCY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LUCY is above 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) | 53.63 | NEUTRAL | The RSI value for LUCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LUCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.09 | NEUTRAL | The Stochastics value for LUCY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for LUCY suggests high volalility. |
| Average Directional Index/ADX (14) | 20.63 | NEUTRAL | The ADX value for LUCY suggests a possible start of a new 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)
2.03
-0.02 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.98%
1 Week4.64%
2 Weeks6.56%
1 Month4.64%
3 Month-2.4%
6 Month-25.89%
12 Month-77.19%
2 Year-81.96%
3 Year-92.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%6.05%
ATR Inc2.22%
Range Today0.16
ADR(20)0.12
ADR(20)%5.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.35
Mansfield-5.41
10 Day High2.24
10 Day Low1.86
20 Day High2.24
20 Day Low1.71
52 Week High10.4
52 Week Low1.57
CS1 End1.79
CR1 Start2.04
Volume & EV
DER(3)-1.7%
DER(5)-0.95%
Volume354.60K
Volume Incr954.39%
Vol(5)2.11M
Vol(50)355.93K