Taking everything into account, LZ scores 7 out of 10 in our technical rating. Although LZ has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Besides having an excellent technical rating, LZ also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for LZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4 important support areas can be observed.
- Support @10.36 from a trend line in the daily time frame.
- A support zone ranging from 9.55 to 9.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.27 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.51 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 | NEUTRAL | NEUTRAL | The long term trend for LZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LZ is up. |
| ChartMill Relative Strength | 82.02 | POSITIVE | LZ has a high relative strength, it outperformed 82.02% 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) | 59.9 | NEUTRAL | The RSI value for LZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LZ has a positive trend. |
| Stochastics (14,3) | 86.21 | OVERBOUGHT | The high Stochastics value suggests LZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for LZ suggests some volalility. |
| Average Directional Index/ADX (14) | 14.65 | 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 |
|---|---|---|---|
| 10.52 | 10.35 | 0.17 (1.62%) | 25.00% |
| An entry @10.52. This is a Buy Stop order right above the resistance zone. | An exit @10.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 1.62%. | For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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+0.05 (+0.48%)
LEGALZOOMCOM INC / LZ FAQ
What is the ChartMill technical rating of LEGALZOOMCOM INC (LZ) stock?
ChartMill assigns a technical rating of 7 / 10 to LZ.
Can you provide the trend direction for LEGALZOOMCOM INC?
The current trend direction for LEGALZOOMCOM INC (LZ) is Bearish.
What is the RSI signal for LZ stock?
LEGALZOOMCOM INC (LZ) has an RSI value of 59.8978. This indicates that the stock is currently neutral.
What is the MACD signal for LZ stock?
The MACD indicator for LEGALZOOMCOM INC (LZ) has a value of 0.0324454, indicating a bearish trend.