NYSE:LOCL • US53960E2054
Taking everything into account, LOCL scores 0 out of 10 in our technical rating. LOCL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
1.50
4 important resistance areas can be observed.
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 | 9.03 | NEGATIVE | LOCL has a low relative strength, it was outperformed by 90.97% 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) | 27.68 | OVERSOLD | The low RSI value suggests LOCL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LOCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.4 | OVERSOLD | The low Stochastics value suggests LOCL may be oversold. |
| Average True Range in percent/ATR (20) | 8.69 | HIGH VOLATILITY | The high ATR as a percentage value for LOCL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.65 | POSITIVE | The high ADX value value for LOCL suggests a strong trend. |
1.52
+0.08 (+5.56%)
ChartMill assigns a technical rating of 0 / 10 to LOCL.
The current trend direction for LOCAL BOUNTI CORP (LOCL) is Bearish.
LOCAL BOUNTI CORP (LOCL) has an RSI value of 27.6835. This indicates that the stock is currently oversold.
The short term momentum for LOCAL BOUNTI CORP (LOCL) is negative.
LOCAL BOUNTI CORP (LOCL) has a resistance level at 1.93. Check the full technical report for our detailed analysis of LOCL support and resistance levels.