🚀 Luminar (LAZR) Comprehensive Technical Analysis Study: Setting Up for Bullish Momentum - 4/26/2024

Join us as we analyze Luminar Technologies (Ticker: LAZR) and discuss its potential for bullish momentum in the coming weeks. Learn about recent developments, short interest, and price targets.
📊 Key Insights:
LAZR faced resistance below $1.50 but closed the week on a positive note.
Expect bullishness in the upcoming week, setting the stage for a rise above $2.20 post-early May earnings.
Allocation shifts from bond sectors to equities, particularly in big tech and AI, could benefit LAZR and similar opportunities.
Short interest hit a recent high, indicating significant market attention.
Tipranks average analysts forecast LAZR at $4.98, with target zones at $3.40-$3.80, $5.50-$6, $8.50-$9, and a longer-term target of $10.
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References:
LAZR Stock - Luminar Technologies Fundamental Technical Analysis Review - Martyn Lucas Investor • LAZR Stock - Luminar ...
Tipranks: www.tipranks.com/stocks/lazr
Short Interest Details: fintel.io/ss/us/lazr
Institutional Ownership: fintel.io/so/us/lazr
Minimum Value i feel we should have dropped to is $2.20-$2.40, above this level i think we squeeze hard: tinyurl.com/wsxzptp9
You've got my follow! I'm sharing this for a balanced review across platforms like StockTwits, etc. It's good aggregated info!inar Technologies (Ticker: LAZR) and its potential for bullish momentum in the coming weeks.
📬 Disclaimer: For informational purposes only. Not financial advice. Trade at your own risk.
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[@jartotable]

I've really enjoyed LAZR. It's been a fun ride so far. Definitely an area that the 'over us' are interested in. UK sales for long distance drivers, dont tend to buy a 2nd one but for military or governing machinery, it'll be a perfect fit.

[@CandlestickNinjaTV]

For sure. It's tough too because the past decade have been crazy with tech moving so quickly to keep up and to know who's dominant, who could be dominant and which may look good but then end up being outdone by another. LAZR has a lot of results and profits to show, but at sub $10 prices I think it requires us to look more abstractly at "what could LAZR be in terms of being integrated in the future tha'ts in a massive paradigm shift" if we look at the earnings only and analyze things like ancient Wall Street Analysts, then LAZR indeed doesn't look great, but.... WS still has this average at $5, some have it at $10 so they seem to see what we see! I'm confident in the intermediate term of this stock to head towards $10 over the next year, but beyond that I would definitely assume that the market would demand more contracts, military, civilian... I mean with all of the car companies going electric the probability of them getting contracts not dependent on TESLA contracting with them is increasing every day!

[@rm5074]

@@CandlestickNinjaTV Did you watch Luminar Day its on Utube? 70% of there contracts are for ICE vehicles. Their technology will be on all the different platforms, ICE, Hybrids and Electric. The Chairman of Luminar Semiconductor Jason Eichenholz also showed us the future of Data Center Chips, born out of the acquisitions of Black Forest and Freedom Photonics. Yes we are going after Data Centers. Digging your analysis good stuff thanks!

[@businessparis9364]

LAZR is def very oversold right now. It got punished due to the EV market taking a hit, but actually LAZR is agnostic to the power source of the vehicle. Also high interest rates are the reason it tanked from 8 USD last year to 1-2 USD, just look at most other SPACs, they almost all took a beating. The problem is people are too impatient and they want to see more revenue and better P/S ratio, however like the CEO said this will take a while, however we might see the 4B Order Book convert into revenue already this year with the Volvo deal. I expect the stock to pump back into the 2USD range in May after earnings. However it could take some years until we reach 5-10 USD levels, unless there is a huge hype or short squeeze. Not impossible as we saw OUST double in value overnight. Also there is a non zero chance of a car maker acquiring the company, which would pump the stock. (Look at what happened to MTTR stock)
TLDR: DONT SELL DAT LAZR