Technical Analysis for LGHT - Langar Global HealthTech ETF

Grade Last Price % Change Price Change
D 10.31 0.58% 0.06
LGHT closed up 0.58 percent on Wednesday, November 20, 2024, on 5.5 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction 0.58%
Gapped Down Weakness 0.58%
Oversold Stochastic Weakness 0.58%
Narrow Range Bar Range Contraction 0.31%
Stochastic Reached Oversold Weakness 0.31%
Oversold Stochastic Weakness 0.31%

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Profile

Langar Global HealthTech ETF Description

LGHT targets the global healthcare technology industry. The fund actively invests in HealthTech companies, which the adviser defines as firms that develop technology designed to create healthcare efficiency by addressing key pain points for patients, providers, payors, and hospitals, including those companies that derive a majority of their revenue from HealthTech products and services. The portfolio construction starts by identifying companies that fit into the advisers HealthTech definition. The remaining companies are screened using a proprietary metric that assesses each firms financial health, involvement in relevant controversies, as well as the strength of its team and culture. Each company is then assigned an industry risk score through an algorithm that defines quantitative and qualitative risk categories and weights them accordingly. Finally, each company is reviewed by an investment committee. However, the portfolio manager still has full discretion over the final selection.


Classification

Top 10 Components

Symbol Grade Price % Change Allocation
ISRG A 0.56 15.39
GEHC C 2.88 8.56
RMD C 1.44 6.71
IQV F 1.59 6.34
DXCM C 0.48 5.51
PODD B 1.75 5.26
VEEV C 0.35 5.15
PHG C 1.31 4.87
ZBH C -1.51 3.57
BNTX D -4.00 3.53

Is LGHT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.78
52 Week Low 9.7639
Average Volume 913
200-Day Moving Average 0.00
50-Day Moving Average 10.52
20-Day Moving Average 10.41
10-Day Moving Average 10.46
Average True Range 0.08
RSI (14) 43.18
ADX 16.37
+DI 36.56
-DI 50.90
Chandelier Exit (Long, 3 ATRs) 10.45
Chandelier Exit (Short, 3 ATRs) 10.47
Upper Bollinger Bands 10.70
Lower Bollinger Band 10.13
Percent B (%b) 0.33
BandWidth 5.56
MACD Line -0.05
MACD Signal Line -0.02
MACD Histogram -0.0225
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.40
Resistance 3 (R3) 10.39 10.35 10.38
Resistance 2 (R2) 10.35 10.33 10.36 10.38
Resistance 1 (R1) 10.33 10.32 10.34 10.34 10.37
Pivot Point 10.30 10.30 10.30 10.30 10.30
Support 1 (S1) 10.28 10.28 10.29 10.29 10.26
Support 2 (S2) 10.24 10.26 10.25 10.25
Support 3 (S3) 10.22 10.24 10.25
Support 4 (S4) 10.23