Why Lumentum Holdings Inc. ($LITE) Is Doing What It’s Doing (2019-11-18)

REPORTING FOR 2019-11-18 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how LITE has been trading over the last 2 weeks and the past day especially. On its latest session, Lumentum Holdings Inc. ($LITE) opened at 68.2, reaching a high of 69.07 and a low of 67.27 before closing at a price of 68.9. There was a total volume of 1533066.

VOLUME INDICATORS FOR LUMENTUM HOLDINGS INC. ($LITE): We saw an accumulation-distribution index of 323.85428, an on-balance volume of -67.99, chaikin money flow of 3.13793 and a force index of 0.436. There was an ease of movement rating of 0.01563, a volume-price trend of 13.88412 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR LUMENTUM HOLDINGS INC. ($LITE): We noted an average true range of 1.17178, bolinger bands of 67.71339, an upper bollinger band of 66.34161, lower bollinger band of 67.27, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 68.18, high band keltner channel of 67.31, low band keltner channel of 69.05, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 67.27, a donchian channel low band of 67.27, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR LUMENTUM HOLDINGS INC. ($LITE): We calculated a Moving Average Convergence Divergence (MACD) of -0.01088, a MACD signal of -0.00605, a MACD difference of -0.00484, a fast Exponential Moving Average (EMA) indicator of 67.27, a slow Exponential Moving Average (EMA) indicator of 67.27, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.72206, a trix of 15.06789, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -11.2851, a KST Oscillator (KST) of 201.57406 and a KST Oscillator (KST Signal) of 201.57406 (leaving a KST difference of -2.16576). We also found an Ichimoku rating of 68.635, an Ichimoku B rating of 68.635, a Ichimoku visual trend A of 58.2674, an Ichimoku visual trend B of 59.3361, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR LUMENTUM HOLDINGS INC. ($LITE): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 92.38647, a stochastic oscillator of 206.89655, a stochastic oscillator signal of 206.89655, a Williams %R rating of 106.89655 and an awesome oscillator of -0.2925.

RETURNS FOR LUMENTUM HOLDINGS INC. ($LITE): There was a daily return of 20.15741, a daily log return of -0.72359 and a cumulative return of -0.72098.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-18 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Lumentum Holdings Inc. ($LITE)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Lumentum Holdings Inc. ($LITE) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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