LYRA Technical Analysis - LYRA THERAPEUTICS INC

Technical Rating and Analysis

Overall LYRA gets a technical rating of 0 out of 10. LYRA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, LYRA is a bad performer in the overall market: 96% of all stocks are doing better.

LYRA is one of the lesser performing stocks in the Pharmaceuticals industry. 81% of 196 stocks in the same industry do better.

LYRA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

LYRA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: LYRA has an average volume of 21675 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LYRA THERAPEUTICS INC / LYRA Weekly stock chart

LYRA THERAPEUTICS INC / LYRA Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, LYRA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.28, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.21

6.72

When analyzing the support we notice one important area.

A support zone ranging from 6.27 to 6.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 6.62 to 6.65. This zone is formed by a combination of multiple trend lines and important moving averages 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	DOWN	NEGATIVE	The long term trend for LYRA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LYRA is down.
ChartMill Relative Strength	4.12	NEGATIVE	LYRA has a low relative strength, it was outperformed by 95.88% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LYRA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of LYRA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LYRA is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.87	NEUTRAL	The RSI value for LYRA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests LYRA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	43.52	NEUTRAL	The Stochastics value for LYRA is a neutral value.
Average True Range in percent/ATR (20)	6.25	HIGH VOLATILITY	The high ATR as a percentage value for LYRA suggests high volalility.
Average Directional Index/ADX (14)	9.05	NEGATIVE	The low ADX value for LYRA suggests a weak or negative trend.