LUMENTUM HOLDINGS INC. - Daily - Technical analysis published on 07/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 50.50 USD
My targets
54.47 USD (+1.34%)
59.38 USD (+10.47%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LUMENTUM HOLDINGS INC. as long as the price remains well above 50.50 USD. The buyers” bullish objective is set at 54.47 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 59.38 USD. If there is any crossing, the next objective would be the resistance located at 63.74 USD.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LUMENTUM HOLDINGS INC. rating 53.75 USD. The price registered a decrease of -1.38% on the session and was traded between 53.73 USD and 54.82 USD over the period. The price is currently at +0.04% from its lowest and -1.95% from its highest.53.73
54.82
53.75
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LUMENTUM HOLDINGS INC.:
Technical
Technical analysis of this Daily chart of LUMENTUM HOLDINGS INC. indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.66 | 46.29 | 50.50 | 53.75 | 54.47 | 59.38 | 63.74 |
| Change (%) | -20.63% | -13.88% | -6.05% | - | +1.34% | +10.47% | +18.59% |
| Change | -11.09 | -7.46 | -3.25 | - | +0.72 | +5.63 | +9.99 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.85 | 53.48 | 53.99 | 54.62 | 55.13 | 55.76 | 56.27 |
| Camarilla | 54.19 | 54.29 | 54.40 | 54.50 | 54.60 | 54.71 | 54.81 |
| Woodie | 52.79 | 53.45 | 53.93 | 54.59 | 55.07 | 55.73 | 56.21 |
| Fibonacci | 53.48 | 53.92 | 54.19 | 54.62 | 55.06 | 55.33 | 55.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.34 | 48.08 | 50.97 | 52.71 | 55.60 | 57.34 | 60.23 |
| Camarilla | 52.58 | 53.00 | 53.43 | 53.85 | 54.27 | 54.70 | 55.12 |
| Woodie | 46.91 | 48.37 | 51.54 | 53.00 | 56.17 | 57.63 | 60.80 |
| Fibonacci | 48.08 | 49.85 | 50.95 | 52.71 | 54.48 | 55.58 | 57.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.09 | 35.69 | 44.55 | 49.15 | 58.01 | 62.61 | 71.47 |
| Camarilla | 49.71 | 50.94 | 52.18 | 53.41 | 54.64 | 55.88 | 57.11 |
| Woodie | 33.22 | 36.76 | 46.68 | 50.22 | 60.14 | 63.68 | 73.60 |
| Fibonacci | 35.69 | 40.83 | 44.01 | 49.15 | 54.29 | 57.47 | 62.61 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.62 | |
| MACD (12,26,9): | 1.2800 | |
| Directional Movement: | 10.86 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 54.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.98 | |
| Elder Ray (13): | 1.01 | |
| Super Trend (3,10): | 49.44 | |
| Zig ZAG (10): | 53.75 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 53.97 | |
| TEMA (21): | 55.27 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -2.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 8.39 |
| MA7: | 53.95 | |
| MA20: | 52.73 | |
| MA50: | 49.55 | |
| MA100: | 52.82 | |
| MAexp7: | 53.87 | |
| MAexp20: | 52.54 | |
| MAexp50: | 51.60 | |
| MAexp100: | 51.56 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +1.93% | |
| Price / MA50: | +8.48% | |
| Price / MA100: | +1.76% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | +2.30% | |
| Price / MAexp50: | +4.17% | |
| Price / MAexp100: | +4.25% |
News
Don"t forget to follow the news on LUMENTUM HOLDINGS INC.. At the time of publication of this analysis, the latest news was as follows:
- Lumentum Provides Update on U.S. Department of Commerce Entity List Designation of Huawei and Affiliates and the Impact to Fiscal Fourth Quarter Ending June 29, 2019 Outlook
- Lumentum to Participate in Upcoming Investor Conferences
- Lumentum Announces Fiscal Third Quarter 2019 Results
- Lumentum Announces The Closing Of Datacom Product Line Sale To CIG
- Lumentum To Announce Fiscal Third Quarter 2019 Financial Results on May 7, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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