Taking everything into account, LKFN scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. LKFN was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, LKFN is a bad performer in the overall market: 77% of all stocks are doing better.
- LKFN is one of the lesser performing stocks in the Banks industry. 92% of 383 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month LKFN has a been trading in the 55.59 - 60.61 range, which is quite wide. It is currently trading near the high of this range.
- LKFN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LKFN is lagging the market.
Although the technical rating is bad, LKFN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 59.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.25, a Stop Loss order could be placed below this zone.
More info and screens
55.49
We found 2 important support areas.
- A support zone ranging from 57.76 to 59.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.05 to 56.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 59.63 to 60.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @61.85 from a horizontal line in the daily time frame.
- Resistance @64.98 from a trend line in the weekly time frame.
- Resistance @69.22 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for LKFN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LKFN is up. |
| ChartMill Relative Strength | 23.15 | NEGATIVE | LKFN has a low relative strength, it was outperformed by 76.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LKFN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LKFN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LKFN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.24 | NEUTRAL | The RSI value for LKFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests LKFN has a positive trend. |
| Stochastics (14,3) | 77.72 | NEUTRAL | The Stochastics value for LKFN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for LKFN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.78 | NEGATIVE | The low ADX value for LKFN suggests a weak or negative trend. |
59.33
-0.14 (-0.24%)
LAKELAND FINANCIAL CORP / LKFN FAQ
Can you provide the ChartMill technical rating for LAKELAND FINANCIAL CORP?
ChartMill assigns a technical rating of 3 / 10 to LKFN.
What is the trend direction for LKFN stock?
The current trend direction for LAKELAND FINANCIAL CORP (LKFN) is Bearish.
What is the RSI signal for LAKELAND FINANCIAL CORP (LKFN) stock?
LAKELAND FINANCIAL CORP (LKFN) has an RSI value of 56.2368. This indicates that the stock is currently neutral.
What are the support and resistance levels for LAKELAND FINANCIAL CORP (LKFN) stock?
LAKELAND FINANCIAL CORP (LKFN) has a support level at 59.25 and a resistance level at 59.63. Check the full technical report for our detailed analysis of LKFN support and resistance levels.