We assign a technical rating of 0 out of 10 to LUD. LUD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 100% of all other stocks performed better in the past year than LUD.
- LUD is one of the lesser performing stocks in the Metals & Mining industry. 90% of 157 stocks in the same industry do better.
- In the last month LUD has a been trading in the 6.14 - 10.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Considerably lower volume is observed in the last couple of days.
The technical rating of LUD is bad and it also does not present a quality setup 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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6.34
When analyzing the support we notice one important area.
- A support zone ranging from 6.40 to 6.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.52 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.89 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 | NEUTRAL | NEUTRAL | The long term trend for LUD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LUD is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | LUD 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 LUD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LUD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LUD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.72 | NEUTRAL | The RSI value for LUD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests LUD has a negative trend. |
| Stochastics (14,3) | 13.82 | OVERSOLD | The low Stochastics value suggests LUD may be oversold. |
| Average True Range in percent/ATR (20) | 13.64 | HIGH VOLATILITY | The high ATR as a percentage value for LUD suggests high volalility. |
| Average Directional Index/ADX (14) | 22.96 | NEUTRAL | The ADX value for LUD suggests a possible start of a new trend. |
6.48
-0.22 (-3.28%)
LUDA TECHNOLOGY GROUP LTD / LUD FAQ
Can you provide the ChartMill technical rating for LUDA TECHNOLOGY GROUP LTD?
ChartMill assigns a technical rating of 0 / 10 to LUD.
Can you provide the trend direction for LUDA TECHNOLOGY GROUP LTD?
The current trend direction for LUDA TECHNOLOGY GROUP LTD (LUD) is Bearish.
What is the RSI signal for LUD stock?
LUDA TECHNOLOGY GROUP LTD (LUD) has an RSI value of 38.7151. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LUDA TECHNOLOGY GROUP LTD?
The MACD indicator for LUDA TECHNOLOGY GROUP LTD (LUD) has a value of -0.253547, indicating a bearish trend.
What is the support and resistance level for LUD stock?
LUDA TECHNOLOGY GROUP LTD (LUD) has a support level at 6.47 and a resistance level at 8.52. Check the full technical report for our detailed analysis of LUD support and resistance levels.