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(LITE) Lumentum Holdings complete technical analysis [charts+indicators] | Buy/Sell Lumentum Holdings | (LITE) share price targets

Complete technical analysis of Lumentum Holdings (LITE) by charts plus indicators, forecast predictions and share price targets for Lumentum Holdings (LITE)

Lumentum Holdings trades in USA in Consumer Durables sector.

10 day averaged volume of Lumentum Holdings is 1272860

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	41.40	47.41	48.12	41.32	3.346 times
06 Mon May 2024	44.11	45.48	45.48	43.95	2.617 times
03 Fri May 2024	44.74	45.76	46.20	44.35	1.41 times
02 Thu May 2024	44.29	44.44	44.44	42.60	0.648 times
01 Wed May 2024	43.52	43.30	45.22	43.08	0.764 times
30 Tue Apr 2024	43.76	43.16	44.37	43.16	1.216 times
29 Mon Apr 2024	43.52	43.42	44.30	43.35	0.59 times
26 Fri Apr 2024	43.42	42.16	43.57	42.03	0.554 times
25 Thu Apr 2024	42.01	41.77	42.31	41.44	0.74 times
24 Wed Apr 2024	42.06	42.03	42.62	41.75	0.649 times

Stock of Lumentum Holdings (LITE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.8, but if it comes above 41.8, then a intra day buy could be more profitable.
If you take a sell trade below 41.8, then use 41.8 as stoploss and 40.4 as target. However if you take a buy trade in stock , then use 41.8 as stoploss and 43.07 as target.

Share price targets for Lumentum Holdings (LITE)

Target Type	Value
Downside Target	40.74
Upside Target	42.60
Upside Target	45.10
Upside Target	47.38
Upside Target	48.12
Upside Target	48.72
Upside Target	48.86
Upside Target	53.17
Upside Target	57.24
Upside Target	60.99

Intraday share price targets for Lumentum Holdings (LITE)

Target Type	Value
Downside Intraday Target	39.11
Downside Intraday Target	36.81
Upside Intraday Target	45.91
Upside Intraday Target	50.41
Upside Intraday Target	43.61

Weekly technical analysis of Lumentum Holdings (LITE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	41.40	45.48	48.12	41.32	1.288 times
03 Fri May 2024	44.74	43.42	46.20	42.60	1.323 times
26 Fri Apr 2024	43.42	41.80	43.57	40.74	0.828 times
19 Fri Apr 2024	41.74	43.75	43.92	41.67	1.48 times
12 Fri Apr 2024	43.45	46.03	47.38	43.30	0.921 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Lumentum Holdings (LITE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Tue May 2024	41.40	43.30	48.12	41.32	0.568 times
30 Tue Apr 2024	43.76	47.59	48.72	40.74	0.68 times
28 Thu Mar 2024	47.35	48.89	53.17	45.10	0.633 times
29 Thu Feb 2024	48.47	55.28	60.99	45.38	2.089 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Lumentum Holdings (LITE)

Price action analysis of Lumentum Holdings ( (LITE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Lumentum Holdings ( (LITE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Lumentum Holdings ( (LITE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Lumentum Holdings stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Lumentum Holdings in short term but the buy signal is initial and weak.

Lumentum Holdings Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Lumentum Holdings in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Lumentum Holdings is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.11 and Lumentum Holdings (LITE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Lumentum Holdings (LITE) stock. Volume based technical analysis of Lumentum Holdings (LITE) stock is negative.

Lumentum Holdings Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.