LCFY Technical Analysis - LOCAFY LTD

Technical Rating and Analysis

Taking everything into account, LCFY scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, LCFY is a bad performer.

When comparing the yearly performance of all stocks, LCFY is a bad performer in the overall market: 85% of all stocks are doing better.

LCFY is one of the lesser performing stocks in the Software industry. 70% of 279 stocks in the same industry do better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month LCFY has a been trading in the 3.67 - 7.60 range, which is quite wide. It is currently trading near the high of this range.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

Although LCFY has an excellent technical rating, it does not present a decent entry opportunity 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

4.51

9.90

We found 2 important support areas.

Support @6.14 from a horizontal line in the daily time frame.
A support zone ranging from 4.56 to 4.62. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 6.74 to 6.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 7.61 to 7.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @8.00 from a trend line in the daily time frame.
Resistance @9.80 from a horizontal line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for LCFY is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LCFY is up.
ChartMill Relative Strength	15.44	NEGATIVE	LCFY has a low relative strength, it was outperformed by 84.56% off all stocks 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)	65.42	NEUTRAL	The RSI value for LCFY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests LCFY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	72.38	NEUTRAL	The Stochastics value for LCFY is a neutral value.
Average True Range in percent/ATR (20)	10.03	HIGH VOLATILITY	The high ATR as a percentage value for LCFY suggests high volalility.
Average Directional Index/ADX (14)	39.83	POSITIVE	The high ADX value value for LCFY suggests a strong trend.