Luminar Technologies Inc (LAZR)

[JJ8]

TREND ANALYSIS
LAZR is showing strength within a longer-term bearish trend. Its MACD is above the signal line and shares are presently 33.6% above the 200-day moving average. However, that moving average is declining, implying that caution is still warranted. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.

Momentum
Momentum for LAZR is strongly bullish. The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher.

Volume
The last 10-days have seen significant volume in LAZR, with average daily volume above the average for the last year. Today's volume is no exception; with 18,076,269 shares having been traded already. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.

Volatility
Bollinger Bands® use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands® are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend.

As of 12:52 PM ET Friday, 03/03/2023