Moving Average Signal Review for Lightpath Tech Inc (LPTH)

Investors closely watching shares of Lightpath Tech Inc (LPTH) may want to focus in on the current opinion signal for the stock. The opinion signal for the current trading session is 56% Buy. Looking back at the last month, the opinion signal reads 8% Buy. This is the combined signal for the previous month when applying a wide array of studies based on price movement. Investors may also be interested in the direction of the opinion signals. The opinion direction is currently Strongest. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal.

Focusing in on some further data, we note that the stock has a current weighted alpha of +50.60. The weighted alpha gauges how much the stock has increased or decreased over the period of one full year. The weighting puts higher emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum.

After a recent check, we can see that Lightpath Tech Inc (LPTH)’s first resistance level is 2.93. On the flip side, investors are tracking the first support level of 2.68. Investors are often paying close attention to stock price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance.