NLIGHT INC (LASR) Stock Technical Analysis
USA - NASDAQ:LASR - US65487K1007 - Common Stock
We assign a technical rating of 9 out of 10 to LASR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LASR is showing a nice and steady performance.
LASR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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27.76
3 important support areas can be observed.
- A support zone ranging from 30.34 to 30.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 28.82 to 29.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.04 to 28.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 LASR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LASR is neutral. |
| ChartMill Relative Strength | 96.58 | POSITIVE | LASR has a high relative strength, it outperformed 96.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LASR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LASR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LASR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.67 | NEUTRAL | The RSI value for LASR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests LASR has a negative trend. |
| Stochastics (14,3) | 55.93 | NEUTRAL | The Stochastics value for LASR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for LASR suggests high volalility. |
| Average Directional Index/ADX (14) | 10.61 | NEGATIVE | The low ADX value for LASR suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 32.13 | 30.33 | 1.80 (5.61%) | 17.82% |
| An entry @32.13. This is a Buy Stop order right above the 10 day moving average. | An exit @30.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.80 points, which is 5.61%. | When investing 17.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of LASR. 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.
30.57
-1.82 (-5.62%)
NLIGHT INC / LASR FAQ
What is the ChartMill technical rating of NLIGHT INC (LASR) stock?
ChartMill assigns a technical rating of 9 / 10 to LASR.
What is the current trend direction of NLIGHT INC (LASR) stock?
The current trend direction for NLIGHT INC (LASR) is Bullish.
What is the RSI signal for NLIGHT INC (LASR) stock?
NLIGHT INC (LASR) has an RSI value of 47.6714. This indicates that the stock is currently neutral.
What is the short term momentum for LASR stock?
The short term momentum for NLIGHT INC (LASR) is neutral.
Can you provide the support and resistance levels for NLIGHT INC?
NLIGHT INC (LASR) has a support level at 30.4. Check the full technical report for our detailed analysis of LASR support and resistance levels.