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Lemonade (LMND) recently hit a new three-year high.
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Shares are up 152% over the past year.
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LMND maintains a 100% “Buy” technical opinion from Barchart.
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Lemonade is up Wednesday on news it will provide insurance for Tesla’s (TSLA) vehicles that have full-self driving enabled.
Valued at $5.8 billion, Lemonade (LMND) is an insurance startup that brings a digital approach to homeowners and renters insurance, as well as pet insurance, car insurance, and term life insurance. The company’s business model relies heavily on artificial intelligence, allowing it to offer competitive rates and pay out claims instantly.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. LMND checks those boxes. Although Lemonade stock is down 6% since the Trend Seeker issued a “Buy” on Jan. 12, the stock is recovering in Wednesday trade and has turned positive for the past 5-day period.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Lemonade scored a new three-year high of $88.88 on Jan. 13.
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LMND has a Weighted Alpha of +128.17.
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Lemonade has a 100% “Buy” opinion from Barchart.
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The stock gained 152.61% over the past 52 weeks.
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LMND has its Trend Seeker “Buy” signal intact.
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The stock recently traded at $81.31 with a 50-day moving average of $76.81.
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Lemonade made 3 new highs but is down 0.92% over the past month.
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Relative Strength Index (RSI) is at 54.92.
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There’s a technical support level around $75.93.
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