LUMEN TECHNOLOGIES INC (LUMN) Stock Technical Analysis
NYSE:LUMN • US5502411037
Taking everything into account, LUMN scores 5 out of 10 in our technical rating. In the last year, LUMN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that LUMN is one of the better performing stocks in the market, outperforming 89% of all stocks.
- LUMN is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 82% of 36 stocks in the same industry.
- LUMN has an average volume of 13593300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- In the last month LUMN has a been trading in the 6.09 - 9.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LUMN has an average technical rating and it also 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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4.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.68 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.37 from a trend line in the daily time frame.
- Support @5.10 from a trend line in the weekly time frame.
- Support @4.46 from a trend line in the weekly time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 8.12 to 8.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.39 from a trend line in the weekly time frame.
- Resistance @8.67 from a trend line in the daily time frame.
- Resistance @8.83 from a horizontal line in the weekly time frame.
- Resistance @9.30 from a horizontal line in the daily time frame.
- Resistance @9.57 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 | UP | POSITIVE | The long term trend for LUMN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LUMN is neutral. |
| ChartMill Relative Strength | 89.27 | POSITIVE | LUMN has a high relative strength, it outperformed 89.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LUMN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LUMN is below a declining 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) | 49.7 | NEUTRAL | The RSI value for LUMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LUMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.71 | NEUTRAL | The Stochastics value for LUMN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.15 | HIGH VOLATILITY | The high ATR as a percentage value for LUMN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for LUMN suggests a weak or negative trend. |
8.09
-0.3 (-3.58%)
LUMEN TECHNOLOGIES INC / LUMN FAQ
Can you provide the ChartMill technical rating for LUMEN TECHNOLOGIES INC?
ChartMill assigns a technical rating of 5 / 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 49.7001. 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 neutral.
What is the support and resistance level for LUMN stock?
LUMEN TECHNOLOGIES INC (LUMN) has a support level at 7.73 and a resistance level at 8.12. Check the full technical report for our detailed analysis of LUMN support and resistance levels.