CHINA LIFE INSURANCE CO-ADR (LFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LFC - US16939P1066 - ADR
We assign a technical rating of 0 out of 10 to LFC. LFC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, LFC is a bad performer in the overall market: 65% of all stocks are doing better.
- LFC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month LFC has a been trading in the 6.95 - 7.56 range, which is quite wide. It is currently trading near the lows of this range.
- LFC is an average performer in the Insurance industry, it outperforms 56% of 149 stocks in the same industry.
LFC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for LFC 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
6.85
We found 2 important support areas.
- Support @7.04 from a horizontal line in the weekly time frame.
- Support @6.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.08 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.45 to 7.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.28 to 8.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.56 from a trend 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 | DOWN | NEGATIVE | The long term trend for LFC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LFC is down. |
| ChartMill Relative Strength | 35.88 | NEUTRAL | LFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.46 | NEUTRAL | The RSI value for LFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LFC has a positive trend. |
| Stochastics (14,3) | 18.23 | OVERSOLD | The low Stochastics value suggests LFC may be oversold. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for LFC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.12 | NEUTRAL | The ADX value for LFC suggests a possible start of a new trend. |
7.05
-0.06 (-0.84%)
CHINA LIFE INSURANCE CO-ADR / LFC FAQ
What is the technical rating for LFC stock?
ChartMill assigns a technical rating of 0 / 10 to LFC.
What is the trend direction for LFC stock?
The current trend direction for CHINA LIFE INSURANCE CO-ADR (LFC) is Bearish.
What is the RSI signal for LFC stock?
CHINA LIFE INSURANCE CO-ADR (LFC) has an RSI value of 41.4562. This indicates that the stock is currently neutral.
What is the short term momentum for LFC stock?
The short term momentum for CHINA LIFE INSURANCE CO-ADR (LFC) is negative.
What are the support and resistance levels for CHINA LIFE INSURANCE CO-ADR (LFC) stock?
CHINA LIFE INSURANCE CO-ADR (LFC) has a support level at 7.04 and a resistance level at 7.08. Check the full technical report for our detailed analysis of LFC support and resistance levels.