LUMEN TECHNOLOGIES INC (LUMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LUMN - US5502411037 - Common Stock
We assign a technical rating of 6 out of 10 to LUMN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- LUMN is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry. LUMN outperforms 77% of them.
- In the last month LUMN has a been trading in the 7.35 - 9.19 range, which is quite wide. It is currently trading near the high of this range.
- LUMN has an average volume of 13049400 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 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- 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.
LUMN has an average technical rating and the quality of the presented setup is also not ideal 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
4.62
We found 5 important support areas.
- A support zone ranging from 8.00 to 8.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.68 from a horizontal line in the weekly time frame.
- Support @7.48 from a horizontal line in the daily time frame.
- Support @4.91 from a trend line in the weekly time frame.
- Support @4.67 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 | NEUTRAL | NEUTRAL | The short term trend for LUMN is neutral. |
| ChartMill Relative Strength | 87.65 | POSITIVE | LUMN has a high relative strength, it outperformed 87.65% 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) | DOWN | MIXED | The current price of LUMN is above 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) | 59.9 | NEUTRAL | The RSI value for LUMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests LUMN has a positive trend. |
| Stochastics (14,3) | 65.12 | NEUTRAL | The Stochastics value for LUMN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for LUMN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.27 | NEGATIVE | The low ADX value for LUMN suggests a weak or negative trend. |
8.92
+0.53 (+6.32%)
LUMEN TECHNOLOGIES INC / LUMN FAQ
Can you provide the ChartMill technical rating for LUMEN TECHNOLOGIES INC?
ChartMill assigns a technical rating of 6 / 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 59.9027. 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 8.03. Check the full technical report for our detailed analysis of LUMN support and resistance levels.