Question 1

What implications does the 10-day RSI indicator have for LITE?

Accepted Answer

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where LITE's RSI Indicator exited the oversold zone, 31 of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

What does the Stochastic Oscillator suggest about LITE's trend?

Accepted Answer

Expect a price pull-back in the near future.

Question 3

How did LITE's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on LITE as a result. In 62 of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for LITE?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for LITE just turned positive on August 15, 2024. Looking at past instances where LITE's MACD turned positive, the stock continued to rise in 32 of 43 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for LITE?

Accepted Answer

LITE moved above its 50-day moving average on August 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What is the significance of the 10-day moving average indicator for LITE?

Accepted Answer

The 10-day moving average for LITE crossed bearishly below the 50-day moving average on August 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 7

What does a 3-day decline signify for LITE's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LITE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

What does LITE breaking above its upper Bollinger Band indicate?

Accepted Answer

LITE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on LITE's trend?

Accepted Answer

The Aroon Indicator for LITE entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

LITE Stock Lumentum Holdings (LITE, $44.88) price exceeded its 50-day Moving Average on May 28, 2024

LITE's Stochastic Oscillator remains in overbought zone for 1 day

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