INNOVATIVE EYEWEAR INC (LUCY) Stock Technical Analysis
USA - NASDAQ:LUCY - US45791D2080 - Common Stock
We assign a technical rating of 0 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.
LUCY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.79, a Stop Loss order could be placed below this zone.
More info and screens
1.71
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.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.04 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.20 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 | DOWN | NEGATIVE | The short term trend for LUCY is down. |
| ChartMill Relative Strength | 4.76 | NEGATIVE | LUCY has a low relative strength, it was outperformed by 95.24% 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) | 44.68 | NEUTRAL | The RSI value for LUCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LUCY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19 | OVERSOLD | The low Stochastics value suggests LUCY may be oversold. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for LUCY suggests high volalility. |
| Average Directional Index/ADX (14) | 12.65 | NEGATIVE | The low ADX value for LUCY suggests a weak or negative trend. |
1.85
+0.06 (+3.35%)
INNOVATIVE EYEWEAR INC / LUCY FAQ
Can you provide the ChartMill technical rating for INNOVATIVE EYEWEAR INC?
ChartMill assigns a technical rating of 0 / 10 to LUCY.
What is the trend direction for LUCY stock?
The current trend direction for INNOVATIVE EYEWEAR INC (LUCY) is Bearish.
What is the RSI signal for LUCY stock?
INNOVATIVE EYEWEAR INC (LUCY) has an RSI value of 44.6817. This indicates that the stock is currently neutral.
What is the MACD signal for INNOVATIVE EYEWEAR INC (LUCY) stock?
The MACD indicator for INNOVATIVE EYEWEAR INC (LUCY) has a value of -0.0101226, indicating a bearish trend.
Can you provide the short term momentum for INNOVATIVE EYEWEAR INC?
The short term momentum for INNOVATIVE EYEWEAR INC (LUCY) is negative.