LOVE Technical Analysis - LOVESAC CO/THE

Technical Rating and Analysis

Overall LOVE gets a technical rating of 0 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.

When comparing the yearly performance of all stocks, LOVE is a bad performer in the overall market: 91% of all stocks are doing better.

LOVE is one of the lesser performing stocks in the Household Durables industry. 77% of 63 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 16.64 - 20.88 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LOVESAC CO/THE / LOVE Weekly stock chart

Setup Rating and Analysis

Although the technical rating is bad, LOVE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 17.31, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.14

21.16

When analyzing the support we notice one important area.

A support zone ranging from 17.31 to 17.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

Resistance @17.43 from a horizontal line in the daily time frame.
A resistance zone ranging from 18.26 to 18.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @19.06 from a trend line in the weekly time frame.
A resistance zone ranging from 20.31 to 20.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @20.95 from a horizontal line in the daily time frame.

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Support and Resistance indicators

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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	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	9.26	NEGATIVE	LOVE has a low relative strength, it was outperformed by 90.74% 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)	DOWN	NEGATIVE	The current price of LOVE is below 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)	40.98	NEUTRAL	The RSI value for LOVE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests LOVE has a negative trend.
Stochastics (14,3)	21.18	NEUTRAL	The Stochastics value for LOVE is a neutral value.
Average True Range in percent/ATR (20)	5.49	HIGH VOLATILITY	The high ATR as a percentage value for LOVE suggests high volalility.
Average Directional Index/ADX (14)	11.43	NEGATIVE	The low ADX value for LOVE suggests a weak or negative trend.