LUMENTUM HOLDINGS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	LITE
ISIN:

LUMENTUM HOLDINGS INC. - Daily - Technical analysis published on 12/13/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 73.20 USD

My targets

77.68 USD (+2.30%)

81.70 USD (+7.60%)

My analysis

LUMENTUM HOLDINGS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 73.20 USD. The next resistance located at 77.68 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 81.70 USD. After this resistance, buyers could then target 88.86 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

8.4

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LUMENTUM HOLDINGS INC. price is 75.93 USD. On the day, this instrument gained +1.20% and was traded between 74.20 USD and 76.09 USD over the period. The price is currently at +2.33% from its lowest and -0.21% from its highest.

74.20

76.09

75.93

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LUMENTUM HOLDINGS INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	60.74	67.95	73.20	75.93
Change (%)	-20.01%	-10.51%	-3.60%	-
Change	-15.19	-7.98	-2.73	-
Level	Major	Intermediate	Major	-

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	66.61	68.42	71.72	73.53	76.83	78.64	81.94
Camarilla	73.63	74.09	74.56	75.03	75.50	75.97	76.44
Woodie	67.37	68.79	72.48	73.90	77.59	79.01	82.70
Fibonacci	68.42	70.37	71.58	73.53	75.48	76.69	78.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.91	68.88	70.48	72.44	74.04	76.01	77.61
Camarilla	71.10	71.43	71.75	72.08	72.41	72.73	73.06
Woodie	66.73	68.79	70.30	72.35	73.86	75.92	77.43
Fibonacci	68.88	70.24	71.08	72.44	73.80	74.65	76.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.32	59.34	66.50	70.52	77.68	81.70	88.86
Camarilla	70.59	71.61	72.64	73.66	74.69	75.71	76.73
Woodie	56.89	60.13	68.07	71.31	79.25	82.49	90.43
Fibonacci	59.34	63.61	66.25	70.52	74.79	77.43	81.70

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.99
MACD (12,26,9):	2.3200
Directional Movement:	18.19
AROON (14):	92.86
DEMA (21):	73.96
Parabolic SAR (0,02-0,02-0,2):	68.25
Elder Ray (13):	2.91
Super Trend (3,10):	68.29
Zig ZAG (10):	75.08
VORTEX (21):	1.1300
Stochastique (14,3,5):	77.94
TEMA (21):	73.81
Williams %R (14):	-1.59
Chande Momentum Oscillator (20):	3.12
Repulse (5,40,3):	6.7200
ROCnROLL:	1
TRIX (15,9):	0.6000
Courbe Coppock:	8.59

MA7:	71.81
MA20:	71.11
MA50:	63.61
MA100:	60.20
MAexp7:	72.53
MAexp20:	70.52
MAexp50:	65.84
MAexp100:	61.61
Price / MA7:	+5.74%
Price / MA20:	+6.78%
Price / MA50:	+19.37%
Price / MA100:	+26.13%
Price / MAexp7:	+4.69%
Price / MAexp20:	+7.67%
Price / MAexp50:	+15.33%
Price / MAexp100:	+23.24%

News

The last news published on LUMENTUM HOLDINGS INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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