Taking everything into account, LZ scores 9 out of 10 in our technical rating. LZ has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, LZ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.07, a Stop Loss order could be placed below this zone.
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7.95
We found 4 important support areas.
- A support zone ranging from 9.88 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.44 to 9.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.01 to 9.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.03 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.11 to 10.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.54 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.09 to 11.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for LZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LZ is up. |
| ChartMill Relative Strength | 80.34 | POSITIVE | LZ has a high relative strength, it outperformed 80.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.97 | NEUTRAL | The RSI value for LZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.75 | NEUTRAL | The Stochastics value for LZ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for LZ suggests some volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for LZ suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.16 | 9.87 | 0.29 (2.85%) | 25.00% |
| An entry @10.16. This is a Buy Stop order right above the resistance zone. | An exit @9.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.29 points, which is 2.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of LZ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.1
+0.08 (+0.8%)
LEGALZOOMCOM INC / LZ FAQ
What is the ChartMill technical rating of LEGALZOOMCOM INC (LZ) stock?
ChartMill assigns a technical rating of 9 / 10 to LZ.
What is the trend direction for LZ stock?
The current trend direction for LEGALZOOMCOM INC (LZ) is Bullish.
What is the RSI signal for LZ stock?
LEGALZOOMCOM INC (LZ) has an RSI value of 56.972. This indicates that the stock is currently neutral.
What is the buy/sell signal for LEGALZOOMCOM INC (LZ) stock?
The buy/sell signal for LEGALZOOMCOM INC (LZ) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for LEGALZOOMCOM INC?
LEGALZOOMCOM INC (LZ) has a support level at 10.07 and a resistance level at 10.11. Check the full technical report for our detailed analysis of LZ support and resistance levels.