LOVESAC CO/THE (LOVE) Stock Technical Analysis
NASDAQ:LOVE - US54738L1098 - Common Stock
20.01 USD
+1.42 (+7.64%)
20.01 USD
0 (0%)
We assign a technical rating of 2 out of 10 to LOVE. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
85% of all other stocks performed better in the past year than LOVE.
LOVE is one of the lesser performing stocks in the Household Durables industry. 75% of 61 stocks in the same industry do better.
LOVE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month LOVE has a been trading in the 17.59 - 20.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
21.55
When analyzing the support we can see 5 important areas.
- Support @19.75 from a trend line in the daily time frame.
- A support zone ranging from 18.31 to 19.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.95 from a trend line in the daily time frame.
- Support @17.60 from a horizontal line in the daily time frame.
- 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.
We can see 3 important resistance areas.
- Resistance @20.31 from a horizontal line in the weekly time frame.
- Resistance @20.95 from a horizontal line in the daily time frame.
- 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 | 15.64 | NEGATIVE | LOVE has a low relative strength, it was outperformed by 84.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LOVE is above a declining 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) | 48.97 | NEUTRAL | The RSI value for LOVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LOVE has a negative trend. |
| Stochastics (14,3) | 39.22 | NEUTRAL | The Stochastics value for LOVE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for LOVE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.76 | 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)
20.01
+1.42 (+7.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg7.64%
1 Week0.38%
2 Weeks-4.37%
1 Month2.03%
3 Month-6.16%
6 Month8.71%
12 Month-15.96%
2 Year-6.68%
3 Year-8.78%
5 Year-32.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%4.54%
ATR Inc-11.44%
Range Today1.63
ADR(20)0.78
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.64
Mansfield-2.51
10 Day High19.34
10 Day Low17.62
20 Day High20.33
20 Day Low17.59
52 Week High39.49
52 Week Low12.12
CS1 End18.31
CR1 Start18.6
Volume & EV
DER(3)-0.57%
DER(5)-1.15%
Volume412.77K
Volume Incr10.37%
Vol(5)303.18K
Vol(50)259.33K