Luna Innovations Stock Technical Analysis

LUNA
 Stock
  

USD 6.28  0.02  0.32%   

As of the 13th of August 2022, Luna Innovations secures the Mean Deviation of 3.17, risk adjusted performance of 0.1084, and Downside Deviation of 3.9. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Luna Innovations, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Luna Innovations, which can be compared to its peers in the industry. Please verify Luna Innovations treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Luna Innovations is priced some-what accurately, providing market reflects its recent price of 6.28 per share. Given that Luna Innovations has jensen alpha of 0.1636, we recommend you to check Luna Innovations's last-minute market performance to make sure the company can sustain itself at a future point.
  

Luna Innovations Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Luna Innovations, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Luna Innovations
Luna Innovations' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Luna Innovations Analyst Consensus

Target PriceAdvice# of Analysts
10.5Buy2Odds
Luna Innovations current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Luna Innovations analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Luna Innovations stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Luna Innovations, talking to its executives and customers, or listening to Luna Innovations conference calls.
Luna Innovations Analyst Advice Details
Luna Innovations technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Luna Innovations technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Luna Innovations trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Luna Innovations Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Luna Innovations volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Luna Innovations Trend Analysis

Use this graph to draw trend lines for Luna Innovations. You can use it to identify possible trend reversals for Luna Innovations as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Luna Innovations price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Luna Innovations Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Luna Innovations applied against its price change over selected period. The best fit line has a slop of   0.011902  , which means Luna Innovations will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5.36, which is the sum of squared deviations for the predicted Luna Innovations price change compared to its average price change.

About Luna Innovations Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Luna Innovations on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Luna Innovations based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Luna Innovations stock first instead of the macroeconomic environment surrounding Luna Innovations. By analyzing Luna Innovations's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Luna Innovations's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Luna Innovations specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2021 2022 (projected)
Long Term Debt to Equity0.220.140.15
Interest Coverage208.78202.57168.5

Luna Innovations August 13, 2022 Technical Indicators

Most technical analysis of Luna Innovations help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Luna Innovations from various momentum indicators to cycle indicators. When you analyze Luna Innovations charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Luna Innovations August 13, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Luna Innovations stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, see Stocks Correlation. Note that the Luna Innovations information on this page should be used as a complementary analysis to other Luna Innovations' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Luna Innovations Stock analysis

When running Luna Innovations price analysis, check to measure Luna Innovations' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Luna Innovations is operating at the current time. Most of Luna Innovations' value examination focuses on studying past and present price action to predict the probability of Luna Innovations' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Luna Innovations' price. Additionally, you may evaluate how the addition of Luna Innovations to your portfolios can decrease your overall portfolio volatility.
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Is Luna Innovations' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luna Innovations. If investors know Luna Innovations will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luna Innovations listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.88
Market Capitalization
211.4 M
Quarterly Revenue Growth YOY
0.071
Return On Assets
-0.0154
Return On Equity
-0.0163
The market value of Luna Innovations is measured differently than its book value, which is the value of Luna Innovations that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine Luna Innovations value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.