Lumentum Holdings Stock Technical Analysis

LITE Stock  USD 65.56  0.67  1.01%   
As of the 21st of October, Lumentum Holdings secures the Downside Deviation of 3.55, mean deviation of 2.9, and Risk Adjusted Performance of 0.0764. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Lumentum Holdings, as well as the relationship between them. Please verify Lumentum Holdings jensen alpha, as well as the relationship between the potential upside and skewness to decide if Lumentum Holdings is priced some-what accurately, providing market reflects its recent price of 65.56 per share. Given that Lumentum Holdings has jensen alpha of 0.047, we recommend you to check Lumentum Holdings's last-minute market performance to make sure the company can sustain itself at a future point.

Lumentum Holdings Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Lumentum, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Lumentum
  
Lumentum Holdings' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Lumentum Holdings Analyst Consensus

Target PriceAdvice# of Analysts
51.7Buy16Odds
Lumentum Holdings current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Lumentum analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Lumentum stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Lumentum Holdings, talking to its executives and customers, or listening to Lumentum conference calls.
Lumentum Analyst Advice Details
Lumentum Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Lumentum Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Lumentum Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Lumentum Holdings Technical Analysis

Indicator
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Lumentum Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Lumentum Holdings Trend Analysis

Use this graph to draw trend lines for Lumentum Holdings. You can use it to identify possible trend reversals for Lumentum Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Lumentum Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Lumentum Holdings Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Lumentum Holdings applied against its price change over selected period. The best fit line has a slop of   0.41  , which means Lumentum Holdings will continue generating value for investors. It has 122 observation points and a regression sum of squares at 6372.26, which is the sum of squared deviations for the predicted Lumentum Holdings price change compared to its average price change.

About Lumentum Holdings Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Lumentum Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Lumentum Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Lumentum Holdings price pattern first instead of the macroeconomic environment surrounding Lumentum Holdings. By analyzing Lumentum Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Lumentum Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Lumentum Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2017 2023 2024 (projected)
Dividend Yield1.85E-42.23E-42.75E-4
Price To Sales Ratio2.192.522.89

Lumentum Holdings October 21, 2024 Technical Indicators

Most technical analysis of Lumentum help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Lumentum from various momentum indicators to cycle indicators. When you analyze Lumentum charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Lumentum Holdings October 21, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Lumentum stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Lumentum Stock analysis

When running Lumentum Holdings' price analysis, check to measure Lumentum Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lumentum Holdings is operating at the current time. Most of Lumentum Holdings' value examination focuses on studying past and present price action to predict the probability of Lumentum Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumentum Holdings' price. Additionally, you may evaluate how the addition of Lumentum Holdings to your portfolios can decrease your overall portfolio volatility.
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