LOCAL BOUNTI CORP (LOCL) Technical Analysis
NYSE:LOCL • US53960E2054
Current stock price
LOCL Technical Rating and Analysis
Taking everything into account, LOCL scores 0 out of 10 in our technical rating. LOCL'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, LOCL is a bad performer in the overall market: 94% of all stocks are doing better.
- LOCL is part of the Food Products industry. There are 87 other stocks in this industry, of which 83% are performing better than LOCL.
- LOCL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so LOCL is lagging the market.
- In the last month LOCL has a been trading in the 0.98 - 1.82 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: LOCL has an average volume of 17818 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
LOCL Weekly and Daily overview Charts
LOCL Setup Rating and Analysis
The technical rating of LOCL is bad and it also does not present a 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
LOCL Support and Resistance Analysis
1.13
4 important resistance areas can be observed.
- A resistance zone ranging from 1.15 to 1.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.67 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.85 from a trend line in the daily time frame.
- Resistance @1.98 from a trend line in the weekly time frame.
LOCL 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 LOCL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LOCL is down. |
| ChartMill Relative Strength | 6.38 | NEGATIVE | LOCL has a low relative strength, it was outperformed by 93.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LOCL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LOCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LOCL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35 | NEUTRAL | The RSI value for LOCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LOCL has a positive trend. |
| Stochastics (14,3) | 20.67 | NEUTRAL | The Stochastics value for LOCL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.93 | HIGH VOLATILITY | The high ATR as a percentage value for LOCL suggests high volalility. |
| Average Directional Index/ADX (14) | 44.49 | POSITIVE | The high ADX value value for LOCL suggests a strong trend. |
LOCL Chart- and CandleStick Pattern Analysis
LOCL Technicals: Chart, Performance Metrics, Trend & Indicators
1.14
+0.02 (+1.79%)
LOCAL BOUNTI CORP / LOCL TA FAQ
Can you provide the ChartMill technical rating for LOCAL BOUNTI CORP?
ChartMill assigns a technical rating of 0 / 10 to LOCL.
What is the current trend direction of LOCAL BOUNTI CORP (LOCL) stock?
The current trend direction for LOCAL BOUNTI CORP (LOCL) is Bearish.
Can you provide the RSI signal for LOCAL BOUNTI CORP?
LOCAL BOUNTI CORP (LOCL) has an RSI value of 35.0026. This indicates that the stock is currently neutral.
What is the short term momentum for LOCL stock?
The short term momentum for LOCAL BOUNTI CORP (LOCL) is negative.
What are the support and resistance levels for LOCAL BOUNTI CORP (LOCL) stock?
LOCAL BOUNTI CORP (LOCL) has a resistance level at 1.15. Check the full technical report for our detailed analysis of LOCL support and resistance levels.