Lumos Networks Technical Analysis (NASDAQ:LMOS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Lumos Networks stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the LMOS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Lumos Networks. Technical analysis uses an approach for Lumos Networks stock analysis that does not care for the fair value of a company but uses price and volume data only.
Lumos Networks Moving Average
Moving averages help predict the price direction of LMOS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $17.96 is below the last closing price of $17.98 and the 50 day moving average of $17.95 is below the last closing price of $17.98. The 10 and 20 day periods can predict short term moving average trends.
Lumos Networks Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Lumos Networks. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $17.98 is in the upper range of Lumos Networks bollinger bands.
Lumos Networks Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Lumos Networks MACD indicator is above 0 indicating a bullish trend.
Lumos Networks Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LMOS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.