LIMESTONE BANCORP INC (LMST) Technical Analysis
NASDAQ:LMST • US53262L1052
Current stock price
LMST Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to LMST. LMST has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that LMST is one of the better performing stocks in the market, outperforming 71% of all 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 380 other stocks in this industry, LMST did better than 54% 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 Weekly and Daily overview Charts
LMST Setup Rating and Analysis
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
LMST Support and Resistance Analysis
18.47
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.
LMST 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 | 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. |
LMST Chart- and CandleStick Pattern Analysis
LMST Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:LMST (4/28/2023, 8:00:00 PM)
23.42
-0.33 (-1.39%)
LIMESTONE BANCORP INC / LMST TA FAQ
What is the ChartMill technical rating of LIMESTONE BANCORP INC (LMST) stock?
ChartMill assigns a technical rating of 4 / 10 to LMST.
What is the current trend direction of LIMESTONE BANCORP INC (LMST) stock?
The current trend direction for LIMESTONE BANCORP INC (LMST) is Bearish.
What is the RSI signal for LMST stock?
LIMESTONE BANCORP INC (LMST) has an RSI value of 51.7796. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LIMESTONE BANCORP INC?
The MACD indicator for LIMESTONE BANCORP INC (LMST) has a value of 0.188743, indicating a bearish trend.