MERIDA MERGER CORP I -CW26 (LFLYW) Technical Analysis
NASDAQ:LFLYW
Current stock price
LFLYW Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to LFLYW. LFLYW'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.
- 98% of all other stocks performed better in the past year than LFLYW.
- LFLYW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so LFLYW is lagging the market.
- In the last month LFLYW has a been trading in the 0.01 - 0.03 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
LFLYW Weekly and Daily overview Charts
LFLYW Setup Rating and Analysis
The technical rating of LFLYW 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.
More info and screens
LFLYW Support and Resistance Analysis
0.01
We found 1 important resistance area.
- A resistance zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
LFLYW 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 | DOWN | NEGATIVE | The long term trend for LFLYW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LFLYW is down. |
| ChartMill Relative Strength | 2.6 | NEGATIVE | LFLYW has a low relative strength, it was outperformed by 97.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LFLYW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LFLYW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LFLYW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.57 | NEUTRAL | The RSI value for LFLYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LFLYW has a negative trend. |
| Stochastics (14,3) | 39.06 | NEUTRAL | The Stochastics value for LFLYW is a neutral value. |
| Average True Range in percent/ATR (20) | 49.29 | HIGH VOLATILITY | The high ATR as a percentage value for LFLYW suggests high volalility. |
| Average Directional Index/ADX (14) | 24.67 | NEUTRAL | The ADX value for LFLYW suggests a possible start of a new trend. |
LFLYW Chart- and CandleStick Pattern Analysis
LFLYW Technicals: Chart, Performance Metrics, Trend & Indicators
0.0119
-0.01 (-45.91%)
MERIDA MERGER CORP I -CW26 / LFLYW TA FAQ
What is the ChartMill technical rating of MERIDA MERGER CORP I -CW26 (LFLYW) stock?
ChartMill assigns a technical rating of 0 / 10 to LFLYW.
What is the trend direction for LFLYW stock?
The current trend direction for MERIDA MERGER CORP I -CW26 (LFLYW) is Bearish.
Can you provide the RSI signal for MERIDA MERGER CORP I -CW26?
MERIDA MERGER CORP I -CW26 (LFLYW) has an RSI value of 30.5653. This indicates that the stock is currently neutral.
What is the buy/sell signal for MERIDA MERGER CORP I -CW26 (LFLYW) stock?
The buy/sell signal for MERIDA MERGER CORP I -CW26 (LFLYW) is sell as both the short term and long term trends are negative.
What is the support and resistance level for LFLYW stock?
MERIDA MERGER CORP I -CW26 (LFLYW) has a resistance level at 0.02. Check the full technical report for our detailed analysis of LFLYW support and resistance levels.