Technical Analysis for LOCL - Local Bounti Corporation

Grade Last Price % Change Price Change
C 2.95 0.00% 0.00
LOCL closed unchanged on Wednesday, July 3, 2024, on 59 percent of normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Outside Day Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Support Bullish 0.00%
Doji - Bearish? Reversal 0.00%
Crossed Above 20 DMA Bullish -0.34%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 8 hours ago
10 DMA Support about 8 hours ago
50 DMA Support about 8 hours ago
Outside Day about 8 hours ago
Down 5% about 8 hours ago

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Profile

Local Bounti Corporation Description

Local Bounti is a premier controlled environment agriculture (CEA) company redefining conversion efficiency and environmental, social and governance (ESG) standards for indoor agriculture. Local Bounti operates an advanced indoor growing facility in Hamilton, Montana, within a few hours' drive of its retail and food service partners. Reaching retail shelves in record time post-harvest, Local Bounti produce is superior in taste and quality compared to traditional field-grown greens. Local Bounti's USDA Harmonized Good Agricultural Practices (GAP Plus+) and non-genetically modified organisms (GMO) produce is sustainably grown using proprietary technology 365 days a year, free of pesticides and herbicides, and using 90 percent less land and water than conventional outdoor farming methods. With a mission to 'bring our farm to your kitchen in the fewest food miles possible,' Local Bounti is disrupting the cultivation and delivery of produce. Local Bounti is also committed to making meaningful connections and giving back to each of the communities it serves.


Classification

Sector: Consumer Defensive
Industry: Farm Products
Keywords: Emerging Technologies Molecular Biology Food Industry USDA Controlled Environment Agriculture Sustainable Agriculture Agroecology Genetically Modified Organism Pesticide

Is LOCL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.33
52 Week Low 1.1704
Average Volume 11,061
200-Day Moving Average 2.60
50-Day Moving Average 2.91
20-Day Moving Average 2.84
10-Day Moving Average 2.85
Average True Range 0.21
RSI (14) 53.49
ADX 10.06
+DI 22.23
-DI 21.67
Chandelier Exit (Long, 3 ATRs) 2.42
Chandelier Exit (Short, 3 ATRs) 3.24
Upper Bollinger Bands 3.07
Lower Bollinger Band 2.62
Percent B (%b) 0.73
BandWidth 16.11
MACD Line 0.00
MACD Signal Line -0.01
MACD Histogram 0.0147
Fundamentals Value
Market Cap 24.4 Million
Num Shares 8.27 Million
EPS -11.19
Price-to-Earnings (P/E) Ratio -0.26
Price-to-Sales 0.74
Price-to-Book 0.26
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.34
Resistance 3 (R3) 3.33 3.20 3.27
Resistance 2 (R2) 3.20 3.10 3.20 3.25
Resistance 1 (R1) 3.07 3.04 3.01 3.08 3.23
Pivot Point 2.94 2.94 2.90 2.94 2.94
Support 1 (S1) 2.81 2.84 2.75 2.82 2.67
Support 2 (S2) 2.68 2.78 2.68 2.65
Support 3 (S3) 2.55 2.68 2.63
Support 4 (S4) 2.56