LOVESAC CO/THE (LOVE) Stock Technical Analysis
NASDAQ:LOVE - Nasdaq - US54738L1098 - Common Stock - Currency: USD
Overall LOVE gets a technical rating of 1 out of 10. LOVE 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% of all other stocks performed better in the past year than LOVE.
LOVE 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 LOVE is lagging the market.
In the last month LOVE has a been trading in the 16.60 - 21.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
LOVE is part of the Household Durables industry. There are 64 other stocks in this industry, LOVE did better than 50% of them.
The technical rating of LOVE 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
16.48
21.16
When analyzing the support we notice one important area.
- A support zone ranging from 16.65 to 16.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.84 to 19.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.19 from a trend line in the daily time frame.
- Resistance @20.95 from a horizontal line in the daily time frame.
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 LOVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LOVE is down. |
| ChartMill Relative Strength | 20.16 | NEGATIVE | LOVE has a low relative strength, it was outperformed by 79.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LOVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LOVE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LOVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.15 | NEUTRAL | The RSI value for LOVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests LOVE has a negative trend. |
| Stochastics (14,3) | 12.75 | OVERSOLD | The low Stochastics value suggests LOVE may be oversold. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for LOVE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for LOVE suggests a weak or negative 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)
17.45
+0.01 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.06%
1 Week-16.47%
2 Weeks-10.74%
1 Month-11.33%
3 Month0.93%
6 Month-27.08%
12 Month-24.98%
2 Year-35.25%
3 Year-36.55%
5 Year-33.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%5.15%
ATR Inc0.46%
Range Today0.96
ADR(20)0.86
ADR(20)%4.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.16
Mansfield-2.98
10 Day High21.15
10 Day Low16.6
20 Day High21.15
20 Day Low16.6
52 Week High39.49
52 Week Low12.12
CS1 End16.65
CR1 Start18.84
Volume & EV
DER(3)1.7%
DER(5)-1.51%
Volume459.90K
Volume Incr172.77%
Vol(5)840.14K
Vol(50)561.08K