LOCAFY LTD (LCFY) Technical Analysis
NASDAQ:LCFY • AU0000254476
Current stock price
LCFY Technical Rating and Analysis
Overall LCFY gets a technical rating of 6 out of 10. In the last year, LCFY was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- LCFY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LCFY is lagging the market.
- In the last month LCFY has a been trading in the 4.05 - 5.10 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.
- When comparing the yearly performance of all stocks, we notice that LCFY is one of the better performing stocks in the market, outperforming 76% of all stocks.
- LCFY is one of the better performing stocks in the Software industry, it outperforms 86% of 275 stocks in the same industry.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Considerably lower volume is observed in the last couple of days.
LCFY Weekly and Daily overview Charts
LCFY Setup Rating and Analysis
LCFY has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.10, a Stop Loss order could be placed below this zone.
More info and screens
LCFY Support and Resistance Analysis
2.84
We found 2 important support areas.
- A support zone ranging from 4.08 to 4.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.87 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @4.15 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.38 to 4.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.61 from a trend line in the daily time frame.
- A resistance zone ranging from 4.70 to 4.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.18 from a trend line in the weekly time frame.
LCFY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for LCFY is neutral. |
| ChartMill Relative Strength | 76.01 | POSITIVE | LCFY has a high relative strength, it outperformed 76.01% 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) | UP | POSITIVE | The current price of LCFY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LCFY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.89 | NEUTRAL | The RSI value for LCFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests LCFY has a negative trend. |
| Stochastics (14,3) | 28.59 | NEUTRAL | The Stochastics value for LCFY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for LCFY suggests high volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for LCFY suggests a weak or negative trend. |
LCFY Chart- and CandleStick Pattern Analysis
LCFY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.16 | 4.07 | 0.09 (2.16%) | 25.00% |
| An entry @4.16. This is a Buy Stop order right above the resistance zone. | An exit @4.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 2.16%. | For a 0.54% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LCFY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LCFY Technicals: Chart, Performance Metrics, Trend & Indicators
4.14
-0.2 (-4.61%)
LOCAFY LTD / LCFY TA FAQ
What is the ChartMill technical rating of LOCAFY LTD (LCFY) stock?
ChartMill assigns a technical rating of 6 / 10 to LCFY.
What is the current trend direction of LOCAFY LTD (LCFY) stock?
The current trend direction for LOCAFY LTD (LCFY) is Bearish.
Can you provide the RSI signal for LOCAFY LTD?
LOCAFY LTD (LCFY) has an RSI value of 45.8921. This indicates that the stock is currently neutral.
What is the MACD signal for LCFY stock?
The MACD indicator for LOCAFY LTD (LCFY) has a value of -0.0700088, indicating a bearish trend.
What is the short term momentum for LCFY stock?
The short term momentum for LOCAFY LTD (LCFY) is neutral.