LCFY Technical Analysis - LOCAFY LTD

Technical Rating and Analysis

Taking everything into account, LCFY scores 3 out of 10 in our technical rating. LCFY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

65% of all other stocks performed better in the past year than LCFY.

LCFY 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.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

LCFY is an average performer in the Software industry, it outperforms 53% of 282 stocks in the same industry.

In the last month LCFY has a been trading in the 3.85 - 7.75 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of LCFY is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.71

9.90

2 important support areas can be observed.

A support zone ranging from 4.91 to 4.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.74 from a trend line in the weekly time frame.

3 important resistance areas can be observed.

Resistance @7.20 from a trend line in the daily time frame.
A resistance zone ranging from 7.49 to 7.51. 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.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The short term trend for LCFY is down.
ChartMill Relative Strength	35.49	NEUTRAL	LCFY is not amongst the best or worst performers 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	MIXED	The current price of LCFY is below 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)	34.93	NEUTRAL	The RSI value for LCFY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.31	NEGATIVE	The MACD value suggests LCFY has a negative trend.
Stochastics (14,3)	35.23	NEUTRAL	The Stochastics value for LCFY is a neutral value.
Average True Range in percent/ATR (20)	14.72	HIGH VOLATILITY	The high ATR as a percentage value for LCFY suggests high volalility.
Average Directional Index/ADX (14)	32.18	POSITIVE	The high ADX value value for LCFY suggests a strong trend.