LAWSON PRODUCTS INC (LAWS) Stock Technical Analysis
USA - NASDAQ:LAWS - US5207761058 - Common Stock
Taking everything into account, LAWS scores 2 out of 10 in our technical rating. 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.
Although the technical rating is bad, LAWS does present a nice setup opportunity. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
2 important support areas can be observed.
- 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.
We can see 3 important resistance 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. |
40.42
-0.73 (-1.77%)
LAWSON PRODUCTS INC / LAWS FAQ
What is the technical rating for LAWS stock?
ChartMill assigns a technical rating of 2 / 10 to LAWS.
What is the current trend direction of LAWSON PRODUCTS INC (LAWS) stock?
The current trend direction for LAWSON PRODUCTS INC (LAWS) is Bearish.
Can you provide the RSI signal for LAWSON PRODUCTS INC?
LAWSON PRODUCTS INC (LAWS) has an RSI value of 58.0217. This indicates that the stock is currently neutral.
What is the short term momentum for LAWS stock?
The short term momentum for LAWSON PRODUCTS INC (LAWS) is positive.
Can you provide the support and resistance levels for LAWSON PRODUCTS INC?
LAWSON PRODUCTS INC (LAWS) has a support level at 38.41 and a resistance level at 41.16. Check the full technical report for our detailed analysis of LAWS support and resistance levels.