Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Lumen Technologies will announce its earnings and revenue on 31st October.</a></li>
 <li><span>2</span> <a>LUMN stock price is consistently declining following a downtrend.</a></li>
</ul>
<figure class="wp-block-image"><img decoding="async" loading="lazy" width="1260" height="382" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-268.png" alt="Lumen To Announce Its Earnings, Will LUMN Stock Hit $2 Levels?" class="wp-image-174812" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-268.png 1260w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-268-300x91.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-268-1024x310.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-268-768x233.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-268-750x227.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-268-1140x346.png 1140w" sizes="(max-width: 1260px) 100vw, 1260px">
</figure>
<p>Lumen Technologies Inc. offers communications, network services, security, managed services, and cloud solutions. It majorly operates in telecommunications and has its headquarters in Monroe. Moreover, the company has more than 29K employees and was founded in the year 1930. The current CEO of Lumen Technologies Inc. is Kate E. Johnson.</p>
<p>LUMN stock is getting hit for the lead cables it uses as it has harmful exposure to the adults leading to various health issues. Due to such news, the share has declined by more than 10% resulting in the loss of market cap. The Lumen Technologies Inc. stock is currently left with a market cap of $1.32B. The EPS of the LUMN share is also negative resulting in -10.87 USD.</p>
<p>LUMN stock has a beta of 2.22, this indicates that the stock price is more volatile and its returns are more fluctuating than the overall market. The company’s operating expenses seem to be very high as compared to its operating revenue as it has an operating margin of -230.02%. Despite this, Lumen Technologies Inc. has a very good debt/equity ratio of 892.12%.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-lumen-technologies-inc-stock-performance-analysis-strong"><strong>Lumen Technologies Inc. Stock Performance Analysis</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="630" height="220" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-266.png" alt="Lumen To Announce Its Earnings, Will LUMN Stock Hit $2 Levels?" class="wp-image-174810" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-266.png 630w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-266-300x105.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/symbols/NYSE-LUMN/" rel="noopener noreferrer nofollow">Tradingview</a>
  </figcaption>
 </figure>
</div>
<p>Lumen Technologies Inc. reduced its debt by $8.54B in the year 2022 as compared to the last year. Despite this, the company faced a decline in free cash flow resulting in $1.72B in the year ending 2022. This was a total of $3.60B for the year ending 2021.</p>
<h3 class="wp-block-heading" id="strong-performance-analysis-of-lumn-stock-strong"><strong>Performance Analysis of LUMN Stock</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="658" height="287" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-267.png" alt="Lumen To Announce Its Earnings, Will LUMN Stock Hit $2 Levels?" class="wp-image-174811" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-267.png 658w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-267-300x131.png 300w" sizes="(max-width: 658px) 100vw, 658px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p>As per the trading view experts rating, the LUMN stock price is neutral. This is because the company has been unable to meet the forecasted EPS and revenue consistently over the years. The company has failed to meet the estimates multiple times leading to disappointment among the investors. This also could be a reason for the negative PE ratio of the LUMN stock.</p>
<h2 class="wp-block-heading" id="strong-lumn-stock-continues-to-decline-with-the-falling-wedge-pattern-strong"><strong>LUMN Stock Continues To Decline With The Falling Wedge Pattern</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1281" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-269.png" alt="Lumen To Announce Its Earnings, Will LUMN Stock Hit $2 Levels?" class="wp-image-174813" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-269.png 1281w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-269-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-269-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-269-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-269-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-269-1140x517.png 1140w" sizes="(max-width: 1281px) 100vw, 1281px">
  <figcaption class="wp-element-caption">
   Source : LUMN: 1D: NYSE
  </figcaption>
 </figure>
</div>
<p>LUMN share is declining to lower levels. The following behavior of the stock has led to the formation of a falling wedge pattern. The stock price is currently trading at the lower band of the stock and has not shown any signs of bullishness so far.</p>
<p>The EMAs are extremely bearish on the LUMN stock chart. The 50-day and the 200-day EMA are trading in a bearish cross and the 200-day EMA is 90% away from the 50-day EMA’s price. This indicates the strength and dominance of sellers in the stock over time.</p>
<p>The RSI for the LUMN stock is volatile to bearish on the charts. This is because the RSI has been trading below the 50 level for a long time after declining below the oversold zones. This indicates that the share price is following a bearish cycle of RSI.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/09/03/lumen-stock-nyse-lumn-beware-of-short-squeeze-in-lumn-stock/" target="_blank" rel="noopener noreferrer nofollow">Lumen Technologies Inc</a>. is facing some accusations and is also underperforming financially. It also has been unable to meet the expected revenue and EPS. LUMN stock is currently trading in a downtrend trading inside a falling wedge pattern. Indicators like the EMA and RSI are also suggesting a sell in the stock charts.</p>
<p>Therefore, if the share price breaks above the falling wedge pattern then we can expect an advance in the price of the LUMN stock. However, it may continue to decline to lower levels.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li>Support levels- $0.50 and $1.00</li>
 <li>Resistance levels- $2.00 and $2.70</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

Lumen To Announce Its Earnings, Will LUMN Stock Hit $2 Levels?

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