LUMN Technical Analysis - LUMEN TECHNOLOGIES INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to LUMN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LUMN is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

LUMN is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry. LUMN outperforms 82% of them.

In the last month LUMN has a been trading in the 4.57 - 6.64 range, which is quite wide. It is currently trading near the high of this range.

LUMN has an average volume of 15906700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, LUMN did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

LUMN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LUMN is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LUMEN TECHNOLOGIES INC / LUMN Weekly stock chart

LUMEN TECHNOLOGIES INC / LUMN Daily stock chart

Setup Rating and Analysis

Although LUMN has an excellent technical rating, it does not offer a high 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.68

6.63

When analyzing the support we can see 7 important areas.

A support zone ranging from 5.65 to 5.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @5.31 from a horizontal line in the daily time frame.
Support @4.33 from a horizontal line in the daily time frame.
Support @4.14 from a trend line in the weekly time frame.
Support @4.04 from a trend line in the daily time frame.
Support @3.94 from a trend line in the weekly time frame.
Support @3.72 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for LUMN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LUMN is up.
ChartMill Relative Strength	80.18	POSITIVE	LUMN has a high relative strength, it outperformed 80.18% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LUMN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LUMN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LUMN is above the rising SMA(200).
Relative Strength Index/RSI (14)	67.83	NEUTRAL	The RSI value for LUMN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests LUMN has a positive trend.
Stochastics (14,3)	75.79	NEUTRAL	The Stochastics value for LUMN is a neutral value.
Average True Range in percent/ATR (20)	6.85	HIGH VOLATILITY	The high ATR as a percentage value for LUMN suggests high volalility.
Average Directional Index/ADX (14)	47.42	POSITIVE	The high ADX value value for LUMN suggests a strong trend.