LUMEN TECHNOLOGIES INC (LUMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LUMN - US5502411037 - Common Stock
Taking everything into account, LUMN scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, LUMN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- LUMN is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 80% of 36 stocks in the same industry.
- LUMN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LUMN is lagging the market slightly.
- In the last month LUMN has a been trading in the 7.35 - 9.72 range, which is quite wide. It is currently trading near the high of this range.
- LUMN has an average volume of 12639600 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 90% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
4.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.15 to 8.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.00 from a horizontal line in the daily time frame.
- Support @7.48 from a horizontal line in the daily time frame.
- Support @4.95 from a trend line in the weekly time frame.
- Support @4.69 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 | 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 | 90.33 | POSITIVE | LUMN has a high relative strength, it outperformed 90.33% 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) | 62.43 | NEUTRAL | The RSI value for LUMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests LUMN has a positive trend. |
| Stochastics (14,3) | 70.22 | NEUTRAL | The Stochastics value for LUMN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for LUMN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.72 | NEGATIVE | The low ADX value for LUMN suggests a weak or negative trend. |
9.29
+0.66 (+7.65%)
LUMEN TECHNOLOGIES INC / LUMN FAQ
Can you provide the ChartMill technical rating for LUMEN TECHNOLOGIES INC?
ChartMill assigns a technical rating of 8 / 10 to LUMN.
Can you provide the trend direction for LUMEN TECHNOLOGIES INC?
The current trend direction for LUMEN TECHNOLOGIES INC (LUMN) is Bullish.
Can you provide the RSI signal for LUMEN TECHNOLOGIES INC?
LUMEN TECHNOLOGIES INC (LUMN) has an RSI value of 62.426. This indicates that the stock is currently neutral.
Can you provide the short term momentum for LUMEN TECHNOLOGIES INC?
The short term momentum for LUMEN TECHNOLOGIES INC (LUMN) is positive.
What is the support and resistance level for LUMN stock?
LUMEN TECHNOLOGIES INC (LUMN) has a support level at 8.2. Check the full technical report for our detailed analysis of LUMN support and resistance levels.