LUMENTUM HOLDINGS INC (LITE) Stock Technical Analysis
NASDAQ:LITE - Nasdaq - US55024U1097 - Common Stock - Currency: USD
Taking everything into account, LITE scores 7 out of 10 in our technical rating. LITE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Looking at the yearly performance, LITE did better than 89% of all other stocks.
LITE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LITE is lagging the market slightly.
LITE has an average volume of 1790250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
LITE is an average performer in the Communications Equipment industry, it outperforms 66% of 51 stocks in the same industry.
In the last month LITE has a been trading in the 71.05 - 104.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although LITE has an excellent technical rating, it does not present a decent entry opportunity 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
40.93
89.93
When analyzing the support we can see 5 important areas.
- Support @83.97 from a horizontal line in the weekly time frame.
- A support zone ranging from 74.17 to 75.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.63 from a trend line in the weekly time frame.
- Support @45.61 from a trend line in the weekly time frame.
- Support @41.34 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 87.18 to 89.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.63
Mansfield2.73
10 Day High104
10 Day Low71.05
20 Day High104
20 Day Low71.05
52 Week High104
52 Week Low38.28
Performance
1 Week-15.45%
2 Weeks-5%
1 Month0.17%
3 Month28.51%
6 Month89.44%
12 Month48.69%
2 Year39.55%
3 Year-17.24%
5 Year10.84%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-1.42
RSI(14)46.99
LBB71.74
UBB104.27
LUMENTUM HOLDINGS INC
NASDAQ:LITE (1/30/2025, 8:00:02 PM)
After market: 84.36 +0.38 (+0.45%)83.98
+6.07 (+7.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg7.79%
1 Week-15.45%
2 Weeks-5%
1 Month0.17%
3 Month28.51%
6 Month89.44%
12 Month48.69%
2 Year39.55%
3 Year-17.24%
5 Year10.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.07
ATR(20)%6.43%
ATR Inc27.75%
Range Today5.92
ADR(20)4.38
ADR(20)%5.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.63
Mansfield2.73
10 Day High104
10 Day Low71.05
20 Day High104
20 Day Low71.05
52 Week High104
52 Week Low38.28
CS1 End83.97
CR1 Start87.18
Volume & EV
DER(3)-0.3%
DER(5)-1.89%
Volume2.87M
Volume Incr162.18%
Vol(5)3.54M
Vol(50)1.79M