Taking everything into account, LASE scores 0 out of 10 in our technical rating. LASE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
LASE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.78, a Stop Loss order could be placed below this zone.
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1.99
When analyzing the support we can see 6 important areas.
- A support zone ranging from 2.75 to 2.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.70 from a horizontal line in the daily time frame.
- Support @2.23 from a trend line in the weekly time frame.
- Support @2.17 from a trend line in the daily time frame.
- Support @2.12 from a trend line in the weekly time frame.
- Support @2.01 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.00 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.39 to 3.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.33 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for LASE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LASE is down. |
| ChartMill Relative Strength | 17.79 | NEGATIVE | LASE has a low relative strength, it was outperformed by 82.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LASE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LASE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LASE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.25 | NEUTRAL | The RSI value for LASE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LASE has a positive trend. |
| Stochastics (14,3) | 33.27 | NEUTRAL | The Stochastics value for LASE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for LASE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.92 | NEGATIVE | The low ADX value for LASE suggests a weak or negative trend. |
2.96
-0.02 (-0.67%)
LASER PHOTONICS CORP / LASE FAQ
Can you provide the ChartMill technical rating for LASER PHOTONICS CORP?
ChartMill assigns a technical rating of 0 / 10 to LASE.
What is the current trend direction of LASER PHOTONICS CORP (LASE) stock?
The current trend direction for LASER PHOTONICS CORP (LASE) is Bearish.
What is the RSI signal for LASER PHOTONICS CORP (LASE) stock?
LASER PHOTONICS CORP (LASE) has an RSI value of 45.2501. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LASER PHOTONICS CORP?
The MACD indicator for LASER PHOTONICS CORP (LASE) has a value of 0.0219488, indicating a bearish trend.
What is the support and resistance level for LASE stock?
LASER PHOTONICS CORP (LASE) has a support level at 2.78 and a resistance level at 3. Check the full technical report for our detailed analysis of LASE support and resistance levels.