LOCAFY LTD (LCFY) Stock Technical Analysis
USA - NASDAQ:LCFY - AU0000254476 - Common Stock
Taking everything into account, LCFY scores 0 out of 10 in our technical rating. LCFY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
LCFY has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
2.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.85 to 3.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @6.76 from a trend line in the weekly time frame.
- Resistance @6.88 from a trend line in the daily time frame.
- Resistance @7.24 from a trend line in the weekly time frame.
- Resistance @7.82 from a trend line in the daily 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 LCFY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LCFY is down. |
| ChartMill Relative Strength | 12.82 | NEGATIVE | LCFY has a low relative strength, it was outperformed by 87.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LCFY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LCFY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LCFY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.14 | OVERSOLD | The low RSI value suggests LCFY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests LCFY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.91 | OVERSOLD | The low Stochastics value suggests LCFY may be oversold. |
| Average True Range in percent/ATR (20) | 7.23 | HIGH VOLATILITY | The high ATR as a percentage value for LCFY suggests high volalility. |
| Average Directional Index/ADX (14) | 42.98 | POSITIVE | The high ADX value value for LCFY suggests a strong trend. |
3.92
+0.06 (+1.55%)
LOCAFY LTD / LCFY FAQ
What is the ChartMill technical rating of LOCAFY LTD (LCFY) stock?
ChartMill assigns a technical rating of 0 / 10 to LCFY.
What is the trend direction for LCFY stock?
The current trend direction for LOCAFY LTD (LCFY) is Bearish.
What is the RSI signal for LOCAFY LTD (LCFY) stock?
LOCAFY LTD (LCFY) has an RSI value of 28.1424. This indicates that the stock is currently oversold.
What is the MACD signal for LCFY stock?
The MACD indicator for LOCAFY LTD (LCFY) has a value of -0.063714, indicating a bearish trend.
What are the support and resistance levels for LOCAFY LTD (LCFY) stock?
LOCAFY LTD (LCFY) has a support level at 3.85 and a resistance level at 6.76. Check the full technical report for our detailed analysis of LCFY support and resistance levels.