CS DISCO INC (LAW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LAW - US1263271058 - Common Stock
Taking everything into account, LAW scores 2 out of 10 in our technical rating. LAW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month LAW has a been trading in the 6.27 - 8.72 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- LAW is one of the better performing stocks in the Software industry, it outperforms 85% of 277 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that LAW is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- LAW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LAW is lagging the market.
The technical rating of LAW is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.32 to 6.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.87 from a trend line in the daily time frame.
- Support @4.77 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for LAW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LAW is down. |
| ChartMill Relative Strength | 79.09 | POSITIVE | LAW has a high relative strength, it outperformed 79.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LAW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LAW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LAW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.75 | OVERSOLD | The low RSI value suggests LAW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests LAW has a negative trend. |
| Stochastics (14,3) | 6.45 | OVERSOLD | The low Stochastics value suggests LAW may be oversold. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for LAW suggests high volalility. |
| Average Directional Index/ADX (14) | 24.24 | NEUTRAL | The ADX value for LAW suggests a possible start of a new trend. |
6.33
-0.49 (-7.18%)
CS DISCO INC / LAW FAQ
What is the technical rating for LAW stock?
ChartMill assigns a technical rating of 2 / 10 to LAW.
What is the current trend direction of CS DISCO INC (LAW) stock?
The current trend direction for CS DISCO INC (LAW) is Bearish.
Can you provide the RSI signal for CS DISCO INC?
CS DISCO INC (LAW) has an RSI value of 26.7544. This indicates that the stock is currently oversold.
What is the short term momentum for LAW stock?
The short term momentum for CS DISCO INC (LAW) is negative.