LMNR Technical Analysis - LIMONEIRA CO

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to LMNR. LMNR'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.

90% of all other stocks performed better in the past year than LMNR.

LMNR is part of the Food Products industry. There are 87 other stocks in this industry, of which 69% are performing better than LMNR.

LMNR 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 LMNR has a been trading in a tight range between 14.47 and 15.30.

Considerably lower volume is observed in the last couple of days.

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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

LMNR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.74, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.38

16.69

When analyzing the support we notice one important area.

A support zone ranging from 14.53 to 14.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 14.85 to 15.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @15.97 from a trend line in the daily time frame.
A resistance zone ranging from 16.26 to 16.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for LMNR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LMNR is down.
ChartMill Relative Strength	10.33	NEGATIVE	LMNR has a low relative strength, it was outperformed by 89.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LMNR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of LMNR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LMNR is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.17	NEUTRAL	The RSI value for LMNR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests LMNR has a positive trend.
Stochastics (14,3)	25.3	NEUTRAL	The Stochastics value for LMNR is a neutral value.
Average True Range in percent/ATR (20)	2.1	MEDIUM VOLATILITY	The ATR as a percentage value for LMNR suggests some volalility.
Average Directional Index/ADX (14)	8.71	NEGATIVE	The low ADX value for LMNR suggests a weak or negative trend.