LOCAL BOUNTI CORP (LOCL) Stock Technical Analysis
NYSE:LOCL - New York Stock Exchange, Inc. - US53960E2054 - Common Stock - Currency: USD
Taking everything into account, LOCL scores 7 out of 10 in our technical rating. Although LOCL is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, LOCL is a bad performer in the overall market: 91% of all stocks are doing better.
LOCL is part of the Food Products industry. There are 91 other stocks in this industry, of which 65% are performing better than LOCL.
Warning: LOCL has an average volume of 14302 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
LOCL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LOCL is lagging the market.
In the last month LOCL has a been trading in the 2.00 - 3.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, LOCL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.05. Right above this resistance zone may be a good entry point.
More info and screens
1.24
3.08
When analyzing the support we can see 7 important areas.
- Support @2.65 from a trend line in the daily time frame.
- A support zone ranging from 2.50 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.14 from a trend line in the weekly time frame.
- Support @2.07 from a trend line in the daily time frame.
- A support zone ranging from 2.01 to 2.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.93 from a horizontal line in the daily time frame.
- Support @1.25 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.05 to 3.05. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for LOCL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LOCL is up. |
| ChartMill Relative Strength | 9.87 | NEGATIVE | LOCL has a low relative strength, it was outperformed by 90.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOCL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LOCL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LOCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.85 | NEUTRAL | The RSI value for LOCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LOCL has a negative trend. |
| Stochastics (14,3) | 47.67 | NEUTRAL | The Stochastics value for LOCL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.17 | HIGH VOLATILITY | The high ATR as a percentage value for LOCL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.05 | POSITIVE | The high ADX value value for LOCL suggests a strong 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)
2.67
+0.07 (+2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg2.69%
1 Week1.52%
2 Weeks-4.98%
1 Month36.22%
3 Month-24.79%
6 Month24.77%
12 Month-12.46%
2 Year-38.48%
3 Year-94.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%9.17%
ATR Inc-30.09%
Range Today0.15
ADR(20)0.23
ADR(20)%8.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.87
Mansfield0.26
10 Day High3.14
10 Day Low2.5
20 Day High3.14
20 Day Low2
52 Week High5.75
52 Week Low1.18
CS1 End2.65
CR1 Start3.05
Volume & EV
DER(3)-5.24%
DER(5)-11.03%
Volume24.90K
Volume Incr-28.02%
Vol(5)14.44K
Vol(50)14.30K