LOCAFY LTD (LCFY) Technical Analysis
NASDAQ:LCFY • AU0000254476
Current stock price
LCFY Technical Rating and Analysis
Taking everything into account, LCFY scores 7 out of 10 in our technical rating. In the last year, LCFY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 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.
- Warning: LCFY has an average volume of 24178 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- LCFY is one of the better performing stocks in the Software industry, it outperforms 77% of 271 stocks in the same industry.
- In the last month LCFY has a been trading in the 4.05 - 4.80 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, LCFY outperforms 54% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
LCFY Weekly and Daily overview Charts
LCFY Setup Rating and Analysis
Besides having an excellent technical rating, LCFY also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.64. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for LCFY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
LCFY Support and Resistance Analysis
2.86
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.43 to 4.47. 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 4.10 to 4.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.89 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.64 to 4.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.08 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 | UP | POSITIVE | The short term trend for LCFY is up. |
| ChartMill Relative Strength | 54.18 | NEUTRAL | LCFY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LCFY is above the rising 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 | MIXED | The current price of LCFY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.26 | NEUTRAL | The RSI value for LCFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests LCFY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.7 | NEUTRAL | The Stochastics value for LCFY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for LCFY suggests high volalility. |
| Average Directional Index/ADX (14) | 17.38 | 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 |
|---|---|---|---|
| 4.76 | 4.42 | 0.34 (7.14%) | 14.00% |
| An entry @4.76. This is a Buy Stop order right above the resistance zone. | An exit @4.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.34 points, which is 7.14%. | For a 1.00% total portfolio risk, you can invest 14.00% 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
4.61
+0.02 (+0.44%)
LOCAFY LTD / LCFY TA FAQ
What is the ChartMill technical rating of LOCAFY LTD (LCFY) stock?
ChartMill assigns a technical rating of 7 / 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 54.2632. 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 0.00158225, indicating a bearish trend.
What is the short term momentum for LCFY stock?
The short term momentum for LOCAFY LTD (LCFY) is positive.