Lumentum Holdings Inc. Common Stock | LITE

Daily Technical Analysis of Lumentum Holdings Inc. Common Stock

There wasn't too much excitement in Lumentum today which only managed to move up 0.12% on the day.

It looks like Lumentum isn't currently at a very decisive point in regards to support/resistance levels. LITE has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. LITE might find some support at the 45.14 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Lumentum By Price Target And Rating

The analysts feel fairly neutral on the prospects for Lumentum but a little more positive than negative. The current Analysts Sentiment Score is 41.56. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Rosenblatt Securities gave a boost to their price target and moved to $65.00 from $60.00 on 2024-02-09. Susquehanna dropped their price target by -7.69% to $60.00 on 2024-02-09. Needham & Company LLC announced that they are reiterating a rating of Buy on 2024-02-09 and they set their price target at $50.00. JPMorgan Chase & Co. provided a price target decease of -1.59% to $62.00 from $63.00 on 2024-02-09. B. Riley announced a lowering of their price target to $41.00 from $42.00 on 2024-02-09. On 2024-01-16 Barclays increased their price target by 12.5% to $45.00. On 2024-01-02 Stifel Nicolaus increased their price target by 12.73% to $62.00. Craig Hallum upgraded from Hold to Buy on 2023-12-22. Raymond James gave a boost to their price target and moved to $54.00 from $49.50 on 2023-11-09. Morgan Stanley announced a lowering of their price target to $45.00 from $55.00 on 2023-10-27.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
LITE	41.56	68.27	0	34.15	-19.29

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-20)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
LITE	0.00	0.00

Short interest for Lumentum

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
LITE	9.52	%13.5	6.1	-3.828	8770000

How Lumentum compares to the broader Technology sector and the more specific Communication Equipment industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Communication Equipment Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	26	-0.01	0.34	-10.00	-6.03	13.32	15.46	38.62	8.06	0.40	0.84	-21530.66	-10433.98	9.62	15.38	5.33	29.98
Technology Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	305	0.06	1.79	-6.37	-2.80	15.61	23.00	43.52	33.65	19.15	24.55	-14788.11	-12978.40	6.48	7.95	4.68	48.95

Social Sentiment for Lumentum

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
LITE

Companies with the highest correlation to Lumentum

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
TER \| Teradyne, Inc. Common Sto	1.03	0.85	0.50	-9.72	-3.72	9.92	6.73	41	3.33	5.63	9.32	-3891.19	-8697.42	2.54854
AMAT \| Applied Materials Inc	1	1.46	0.90	-5.74	17.94	45.34	77.25	36	103.66	80.88	95.91	-1225.00	-20373.74	3.25248
NVMI \| Nova Ltd. Ordinary Shares	0.95	-0.96	-2.02	-7.33	13.89	74.78	84.57	35	193.84	66.60	88.38	-1986.96	-18710.68	3.76649
MKSI \| MKS Instruments Inc	0.93	1.08	1.51	-13.75	3.26	56.48	42.65	35	159.69	33.30	43.92	-1707.81	-12951.98	4.29813
KLAC \| KLA Corporation Common St	0.93	1.29	1.91	-5.79	10.28	39.61	83.52	41	173.66	131.59	122.09	-1868.28	-31838.10	2.6962
FORM \| FormFactor Inc.	0.92	0.75	-0.88	-6.98	1.02	26.46	55.56	38	77.86	88.08	99.77	-1571.80	-16501.19	5.25607

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