LIMESTONE BANCORP INC (LMST) Stock Technical Analysis
NASDAQ:LMST - Nasdaq - US53262L1052 - Common Stock - Currency: USD
Taking everything into account, LMST scores 4 out of 10 in our technical rating. In the past year, LMST was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
LMST is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: LMST has an average volume of 10672 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, LMST did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
LMST is part of the Banks industry. There are 396 other stocks in this industry, LMST did better than 46% of them.
LMST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LMST is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
LMST has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.46, a Stop Loss order could be placed below this zone.
More info and screens
18.47
23.99
3 important support areas can be observed.
- A support zone ranging from 22.20 to 22.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.35 from a trend line in the weekly time frame.
- Support @18.66 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.43 to 23.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 LMST is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LMST is up. |
| ChartMill Relative Strength | 71.85 | POSITIVE | LMST has a high relative strength, it outperformed 71.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LMST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LMST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LMST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.78 | NEUTRAL | The RSI value for LMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests LMST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.89 | OVERBOUGHT | The high Stochastics value suggests LMST may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for LMST suggests some volalility. |
| Average Directional Index/ADX (14) | 22.17 | NEUTRAL | The ADX value for LMST suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:LMST (4/28/2023, 8:00:00 PM)
23.42
-0.33 (-1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.39%
1 Week2.85%
2 Weeks5.35%
1 Month4%
3 Month-7.94%
6 Month-8.23%
12 Month9.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%2.63%
ATR Inc-18.54%
Range Today0.41
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.85
Mansfield-0.01
10 Day High23.83
10 Day Low22.23
20 Day High23.83
20 Day Low21.86
52 Week High27.71
52 Week Low18.32
CS1 End22.46
CR1 Start23.43
Volume & EV
DER(3)-9.53%
DER(5)-3.84%
Volume1.90K
Volume Incr-22.98%
Vol(5)5.38K
Vol(50)10.67K