Loral Space & Communications Inc (LORL): Price Down $-1.77 (-4.28)% Over Past Day, Down $-1.26 (-3.06)% Over Past Hour

The Hourly View for LORL

Currently, LORL (Get Ratings)’s price is down $-1.26 (-3.06%) from the hour prior. This is the 2nd hour in a row LORL has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

LORL ranks 132nd in terms of today’s price percentage change out of Electronic Equipment stocks.

LORL’s Technical Outlook on the Daily Chart

At the moment, LORL’s price is down $-1.77 (-4.28%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows LORL’s price action over the past 90 days.