Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Consumer Discretionary / Diversified Consumer Services
Overall LRN gets a technical rating of 9 out of 10. 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.
Besides having an excellent technical rating, LRN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 110.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LRN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
66.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 104.77 to 105.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @68.67 from a trend line in the weekly time frame.
- Support @66.95 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 110.44 to 110.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 106.33 | 104.76 | 1.57 (1.48%) | 25.00% |
| An entry @106.33. This is a Buy Stop order right above the 10 day moving average. | An exit @104.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.57 points, which is 1.48%. | For a 0.37% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LRN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.