LOCAL BOUNTI CORP (LOCL) Technical Analysis
NYSE:LOCL • US53960E2054
Current stock price
2.76 USD
-0.15 (-5.15%)
At close:
2.51 USD
-0.25 (-9.06%)
After Hours:
LOCL Technical Rating and Analysis
Taking everything into account, LOCL scores 7 out of 10 in our technical rating. LOCL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- LOCL is part of the Food Products industry. There are 87 other stocks in this industry. LOCL outperforms 80% of them.
- In the last month LOCL has a been trading in the 1.00 - 3.13 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.
- LOCL has an average volume of 1736360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that LOCL is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LOCL Weekly and Daily overview Charts
LOCL Setup Rating and Analysis
Although LOCL has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
LOCL Support and Resistance Analysis
1.40
2.79
When analyzing the support we notice one important area.
- Support @1.41 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for LOCL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LOCL is up. |
| ChartMill Relative Strength | 74.63 | POSITIVE | LOCL has a high relative strength, it outperformed 74.63% 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) | DOWN | MIXED | The current price of LOCL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.75 | OVERBOUGHT | The high RSI value suggests LOCL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests LOCL has a positive trend. |
| Stochastics (14,3) | 88.65 | OVERBOUGHT | The high Stochastics value suggests LOCL may be overbought. |
| Average True Range in percent/ATR (20) | 8.99 | HIGH VOLATILITY | The high ATR as a percentage value for LOCL suggests high volalility. |
| Average Directional Index/ADX (14) | 37.64 | POSITIVE | The high ADX value value for LOCL suggests a strong trend. |
LOCL Chart- and CandleStick Pattern Analysis
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)
LOCL Technicals: Chart, Performance Metrics, Trend & Indicators
2.76
-0.15 (-5.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-5.15%
1 Week105.97%
2 Weeks60.47%
1 Month155.56%
3 Month26.03%
6 Month-9.21%
12 Month12.65%
2 Year-3.5%
3 Year-60.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%8.99%
ATR Inc438.12%
Range Today0.6
ADR(20)0.2
ADR(20)%7.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.63
3 months CRS93.19
6 months CRS26.93
Mansfield1.12
10 Day High3.13
10 Day Low1.3
20 Day High3.13
20 Day Low1
52 Week High4
52 Week Low0.98
CS1 End1.41
CR1 StartN/A
Volume & EV
DER(3)-6.36%
DER(5)-1.88%
Volume2.66M
Volume Incr34089.55%
Vol(5)17.05M
Vol(50)1.74M
LOCAL BOUNTI CORP / LOCL TA FAQ
Can you provide the ChartMill technical rating for LOCAL BOUNTI CORP?
ChartMill assigns a technical rating of 7 / 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.
What is the RSI signal for LOCL stock?
LOCAL BOUNTI CORP (LOCL) has an RSI value of 76.7496. This indicates that the stock is currently overbought.
What is the MACD signal for LOCAL BOUNTI CORP (LOCL) stock?
The MACD indicator for LOCAL BOUNTI CORP (LOCL) has a value of 0.151525, indicating a bearish trend.
What is the short term momentum for LOCAL BOUNTI CORP (LOCL) stock?
The short term momentum for LOCAL BOUNTI CORP (LOCL) is positive.