Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Lumen stock price sank 7.36% in the last trading session to close at the lowest price of $1.51.</a> </li> 
 <li> <span>2</span> <a>Lumen Technologies’ stock price (NYSE: LUMN) is declining, forming an interesting channel pattern that may invite buyers after the breakout.&nbsp;</a> </li> 
</ul> 
<p>LUMN stock price prediction shows that the stock has been in a strong declining trend for the past 1 year after the breakdown from $10 the price has wiped out almost 90% of its value to trade at $1.51, at the recent time.</p> 
<p>Currently, the price is declining and forming a bullish flag pattern over the daily chart. The price tried to consolidate near the swing low to bottom out and tried a breakout to the channel pattern but the aggressive selling pressure led to the failure in the stock and the price made a breakdown to continue to trade in the channel.&nbsp;</p> 
<p>The recent quarterly results came out to be better than the estimates of the analysts. However, it could not leave any impact on the price and the stock continued with the ongoing trend. The Q2 earnings were reported to be 30% more than the estimates of Wall Street.&nbsp;</p> 
<p>Lumen Technologies (NYSE: LUMN) is a top rural telecom provider that offers various services, such as voice, network access, broadband, communications &amp; IT solutions, hosting, colocation, and video.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/pAsm9ziD6XbYDyAuI7oZAw51ghhupbbz6tNmQsjCp0QKyZr-V0qK635wzOEM1teEHJudLEa7fo_NZZQijYAEzu9PfoJdsys4lIpLKUvBYYsyQ77SlUgW2jT8z-PI1vIyCBiRwHObGoCYiey5wqyOhUU" alt="LUMN Stock Price Prediction: Does Lumen Has Potential For $10?"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>LUMN stock option-chain analysis states that the current implied volatility in the market is 130.31% with an increment of 19.98% in the last trading session. The at-the-money strike price has 2,734 open contracts on the put side and 336 open contracts on the call side indicating the dominance of buyers at the current level. The PUT/CALL ratio is 2.53 indicating that buyers dominate the market at the moment as per the data.</p> 
<h2 class="wp-block-heading" id="strong-lumn-stock-price-following-a-declining-channel-strong"><strong>LUMN Stock Price Following A Declining Channel</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/aQmPsJFHX9LGsUTHU8BWFeREvkPyAJYGZ4JowjxFeeoptzKTYEoB_JZt67p5fbq1ce_n3NpA9xzvo2Sew4CcID0ypEm3kuprVldtwcS53w_aNm3pS7L0rHTr5XNU-ouat4vJBUocDhnYSaepx55N4t0" alt="LUMN Stock Price Prediction: Does Lumen Has Potential For $10?"> 
  <figcaption class="wp-element-caption">
    Source: Lumen Technologies 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/07/25/lumn-stock-lost-3-68-intraday-following-seller-overruling/" rel="noopener noreferrer nofollow">The LUMN stock price</a> currently trades at $1.51 and declined after a failed attempt to break above the channel pattern.</p> 
<p>The short-term outlook for the stock is bearish until the price maintains itself in the flag pattern and may keep declining in the coming sessions as the stock has already wiped out 90% of its value in the past 1 year.<br><br>A bullish trend in the stock requires consolidation to halt the further decline in the price. This is followed by a breakout with increasing buying volume which may surge the price higher to form a bullish price action.</p> 
<p>The analyst’s ratings show a moderate sell in the stock with a 52-week high target of $7, a low target of $2, and a mean target of $4.1&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-emas-showing-weakness-on-the-daily-lumn-chart-strong"><strong>The EMAs Showing Weakness On The Daily LUMN Chart.</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/Tqyxp-aNxE1ene5JfIPlQRiohi7AHBRBExcoe1WLdRDHxlkm9b-d5JXrgL5mpXA7jJlpGJJUS20N_SFpXIc5MkgXZpPtGTTGRi9ZcBCGs55dS3CO82kh4rNlMGS42_T0hGYqlQjc1q_FnDSRK7YQHIQ" alt="LUMN Stock Price Prediction: Does Lumen Has Potential For $10?"> 
  <figcaption class="wp-element-caption">
    Source: Lumen Technologies 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily <a href="https://www.thecoinrepublic.com/2023/07/25/lumn-stock-lost-3-68-intraday-following-seller-overruling/" rel="noopener noreferrer nofollow">LUMN stock price</a> chart shows that the price is trading below 50 and 200 EMA both indicating a strong declining trend. The overall Technical Opinion rating including RSI and MACD is signaling a 90% sell with a strengthening short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Lumen stock price prediction concludes that the stock has lost 90% of its value in a year and is trading in a bearish flag pattern. The price failed to break above the channel despite better-than-expected earnings. Currently, the stock has a negative sentiment dominating and the price is declining in the channel pattern. The stock needs to consolidate and break out with high volume to reverse the trend. Analysts rate it as a moderate sell with a mean target of $4.1.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $1.27 and $1.01.</li> 
 <li><strong>Resistance levels:</strong> $2.09 and $2.71.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

LUMN Stock Price Prediction: Does Lumen Has Potential For $10?

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