LOCAL BOUNTI CORP (LOCL)

US53960E2054 - Common Stock

2.95  -0.05 (-1.67%)

Technical Rating and Analysis

5

Overall LOCL gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. LOCL was also a bad performer in the overall market in the last year.

79% of all other stocks performed better in the past year than LOCL.
LOCL is one of the lesser performing stocks in the Food Products industry. 64% of 92 stocks in the same industry do better.
LOCL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LOCL is lagging the market.
Warning: LOCL has an average volume of 13836 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.
In the last month LOCL has a been trading in the 2.01 - 3.33 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
LOCL Weekly chart
LOCL Daily chart
Setup Rating and Analysis

3

LOCL 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.

Support and Resistance Analysis

2.15

3.39

3 important support areas can be observed.

  • A support zone ranging from 2.60 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @2.24 from a trend line in the weekly time frame.
  • Support @2.17 from a trend line in the daily time frame.

When analyzing the resistance we notice 5 important areas.

  • Resistance @2.96 from a horizontal line in the weekly time frame.
  • Resistance @3.01 from a trend line in the daily time frame.
  • Resistance @3.06 from a horizontal line in the daily time frame.
  • Resistance @3.21 from a trend line in the weekly time frame.
  • Resistance @3.36 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.03
Mansfield-1.49
10 Day High3.33
10 Day Low2.01
20 Day High3.33
20 Day Low2.01
52 Week High8.7
52 Week Low1.17
Performance
1 Week18.39%
2 Weeks22.92%
1 Month1.37%
3 Month32.88%
6 Month136.09%
12 Month-57.58%
2 Year-96.76%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)60.73
LBB1.94
UBB3.19
LOCL Daily chart

LOCAL BOUNTI CORP

NYSE:LOCL (4/26/2024, 7:04:00 PM)

2.95

-0.05 (-1.67%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.67%
1 Week18.39%
2 Weeks22.92%
1 Month1.37%
3 Month32.88%
6 Month136.09%
12 Month-57.58%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.25
ATR(20)%7.97%
ATR Inc
Range Today0.18
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.33
10 Day Low2.01
20 Day High3.33
20 Day Low2.01
52 Week High8.7
52 Week Low1.17
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume11.40K
Volume Incr107.86%
Vol(5)24.06K
Vol(50)13.84K