LOBO Technical Analysis - LOBO EV TECHNOLOGIES LTD

Technical Rating and Analysis

Taking everything into account, LOBO scores 5 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. LOBO was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, LOBO is a bad performer in the overall market: 71% of all stocks are doing better.

LOBO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

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.

LOBO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

LOBO has an average volume of 11049200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

LOBO is an average performer in the Automobiles industry, it outperforms 61% of 37 stocks in the same industry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

LOBO EV TECHNOLOGIES LTD / LOBO Weekly stock chart

LOBO EV TECHNOLOGIES LTD / LOBO Daily stock chart

Setup Rating and Analysis

LOBO has an average technical rating and it also does not offer a high 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.79

0.83

When analyzing the resistance we notice one important area.

A resistance zone ranging from 0.81 to 0.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 LOBO is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LOBO is up.
ChartMill Relative Strength	29.5	NEGATIVE	LOBO has a low relative strength, it was outperformed by 70.5% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LOBO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LOBO is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LOBO is below a declining SMA(200).
Relative Strength Index/RSI (14)	67.86	NEUTRAL	The RSI value for LOBO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests LOBO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	67.67	NEUTRAL	The Stochastics value for LOBO is a neutral value.
Average True Range in percent/ATR (20)	8.26	HIGH VOLATILITY	The high ATR as a percentage value for LOBO suggests high volalility.
Average Directional Index/ADX (14)	38.92	POSITIVE	The high ADX value value for LOBO suggests a strong trend.