LOCAFY LTD (LCFY) Stock Technical Analysis
NASDAQ:LCFY - Nasdaq - AU0000254476 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to LCFY. In the past year, LCFY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
LCFY has an average volume of 2197650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LCFY is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
LCFY is part of the Software industry. There are 281 other stocks in this industry, LCFY did better than 63% of them.
LCFY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LCFY is lagging the market.
In the last month LCFY has a been trading in the 4.12 - 7.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
LCFY has an average technical rating and it also does not offer a high quality setup 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
5.61
9.90
When analyzing the resistance we notice 3 important areas.
- Resistance @6.74 from a trend line in the daily time frame.
- A resistance zone ranging from 8.04 to 8.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.80 from a horizontal 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 LCFY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LCFY is up. |
| ChartMill Relative Strength | 75.94 | POSITIVE | LCFY has a high relative strength, it outperformed 75.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LCFY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LCFY is above the rising 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) | 53.4 | NEUTRAL | The RSI value for LCFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests LCFY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.04 | NEUTRAL | The Stochastics value for LCFY is a neutral value. |
| Average True Range in percent/ATR (20) | 13.16 | HIGH VOLATILITY | The high ATR as a percentage value for LCFY suggests high volalility. |
| Average Directional Index/ADX (14) | 44.21 | POSITIVE | The high ADX value value for LCFY suggests a strong trend. |
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)
5.67
-0.88 (-13.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-13.44%
1 Week-11.68%
2 Weeks25.72%
1 Month-5.81%
3 Month11.83%
6 Month-35.71%
12 Month21.67%
2 Year-16.74%
3 Year1250%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%13.16%
ATR Inc32.72%
Range Today1
ADR(20)0.69
ADR(20)%12.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.94
Mansfield-1.07
10 Day High7
10 Day Low4.44
20 Day High7
20 Day Low4.12
52 Week High13.98
52 Week Low2.51
CS1 EndN/A
CR1 Start6.74
Volume & EV
DER(3)-3.17%
DER(5)0.03%
Volume111.30K
Volume Incr-96.98%
Vol(5)164.10K
Vol(50)2.20M