LOVESAC CO/THE (LOVE) Stock Technical Analysis
NASDAQ:LOVE - Nasdaq - US54738L1098 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to LOVE. LOVE'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
81% 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 18.66 - 21.90 range, which is quite wide. It is currently trading near the lows of this range.
LOVE is an average performer in the Household Durables industry, it outperforms 42% of 64 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
LOVE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 18.96, a Stop Loss order could be placed below this zone.
More info and screens
18.77
21.55
We found 1 important support area.
- A support zone ranging from 18.96 to 18.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 19.93 to 20.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.89 to 20.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.34 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 | NEUTRAL | NEUTRAL | The short term trend for LOVE is neutral. |
| ChartMill Relative Strength | 19.48 | NEGATIVE | LOVE has a low relative strength, it was outperformed by 80.52% 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 | POSITIVE | The current price of LOVE is above 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) | 44.2 | NEUTRAL | The RSI value for LOVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests LOVE has a negative trend. |
| Stochastics (14,3) | 12.58 | OVERSOLD | The low Stochastics value suggests LOVE may be oversold. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for LOVE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.18 | 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)
18.97
-0.1 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.52%
1 Week-4.96%
2 Weeks-9.28%
1 Month-9.45%
3 Month-12.38%
6 Month-45.35%
12 Month-28.28%
2 Year-10.01%
3 Year-45.54%
5 Year3.6%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%4.77%
ATR Inc-36.47%
Range Today0.39
ADR(20)0.82
ADR(20)%4.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.48
Mansfield-2.42
10 Day High21.9
10 Day Low18.66
20 Day High21.9
20 Day Low18.66
52 Week High39.49
52 Week Low12.12
CS1 End18.96
CR1 Start19.93
Volume & EV
DER(3)-2.96%
DER(5)-1.98%
Volume377.50K
Volume Incr-29.24%
Vol(5)327.74K
Vol(50)587.35K