LACR Technical Analysis - LACROIX GROUP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to LACR. Although LACR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: LACR has an average volume of 4157 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

When compared to the yearly performance of all other stocks, LACR outperforms 66% of them, which is more or less in line with the market.

LACR is part of the Electronic Equipment, Instruments & Components industry. There are 55 other stocks in this industry, LACR did better than 61% of them.

LACR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LACR is lagging the market.

In the last month LACR has a been trading in the 7.30 - 12.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although LACR has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.03

11.73

3 important support areas can be observed.

A support zone ranging from 10.99 to 10.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 7.51 to 7.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.10 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

Resistance @11.18 from a trend line in the daily time frame.
Resistance @11.61 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for LACR.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LACR.PA is up.
ChartMill Relative Strength	66.36	NEUTRAL	LACR.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LACR.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LACR.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LACR.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.91	NEUTRAL	The RSI value for LACR.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests LACR.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	69.01	NEUTRAL	The Stochastics value for LACR.PA is a neutral value.
Average True Range in percent/ATR (20)	6.5	HIGH VOLATILITY	The high ATR as a percentage value for LACR.PA suggests high volalility.
Average Directional Index/ADX (14)	41.88	POSITIVE	The high ADX value value for LACR.PA suggests a strong trend.