LAWSON PRODUCTS INC (LAWS) Stock Technical Analysis
NASDAQ:LAWS - Nasdaq - US5207761058 - Common Stock
Overall LAWS gets a technical rating of 2 out of 10. In the past year, LAWS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, LAWS is a bad performer in the overall market: 68% of all stocks are doing better.
LAWS is one of the lesser performing stocks in the Trading Companies & Distributors industry. 72% of 48 stocks in the same industry do better.
LAWS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: LAWS has an average volume of 18278 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month LAWS has a been trading in the 33.92 - 41.47 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
LAWS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 38.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LAWS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
34.42
51.92
We found 2 important support areas.
- A support zone ranging from 37.75 to 38.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 34.77 to 35.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @41.16 from a horizontal line in the daily time frame.
- Resistance @49.61 from a horizontal line in the daily time frame.
- Resistance @51.41 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 | DOWN | NEGATIVE | The long term trend for LAWS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LAWS is up. |
| ChartMill Relative Strength | 32.54 | NEUTRAL | LAWS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LAWS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LAWS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LAWS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.02 | NEUTRAL | The RSI value for LAWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests LAWS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.24 | OVERBOUGHT | The high Stochastics value suggests LAWS may be overbought. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for LAWS suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
40.42
-0.73 (-1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.77%
1 Week6.4%
2 Weeks5.23%
1 Month12%
3 Month-13.54%
6 Month-27.17%
12 Month-27.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.98
ATR(20)%4.5%
ATR Inc1.46%
Range Today1.4
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.54
Mansfield-1.11
10 Day High41.47
10 Day Low36.75
20 Day High41.47
20 Day Low33.92
52 Week High62.1
52 Week Low33.92
CS1 End38.41
CR1 Start41.16
Volume & EV
DER(3)2.95%
DER(5)5.33%
Volume18.00K
Volume Incr52.08%
Vol(5)23.04K
Vol(50)18.28K