Technical Analysis for LOCL - Local Bounti Corporation

Grade Last Price % Change Price Change
D 2.48 -0.96% -0.02
LOCL closed down 0.96 percent on Friday, November 1, 2024, on 66 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Gapped Up Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Resistance Bearish -0.96%
Narrow Range Bar Range Contraction -0.96%
Gapped Down Weakness -0.96%
Oversold Stochastic Weakness -0.96%
Fell Below 50 DMA Bearish -1.75%
MACD Bearish Centerline Cross Bearish -1.75%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 22 hours ago
Possible Inside Day about 22 hours ago
60 Minute Opening Range Breakdown about 22 hours ago
50 DMA Resistance about 22 hours ago
10 DMA Resistance about 22 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 1.56
Average Volume 6,033
200-Day Moving Average 2.66
50-Day Moving Average 2.52
20-Day Moving Average 2.61
10-Day Moving Average 2.52
Average True Range 0.13
RSI (14) 44.13
ADX 18.84
+DI 20.11
-DI 18.68
Chandelier Exit (Long, 3 ATRs) 2.46
Chandelier Exit (Short, 3 ATRs) 2.85
Upper Bollinger Bands 2.82
Lower Bollinger Band 2.40
Percent B (%b) 0.19
BandWidth 16.28
MACD Line -0.01
MACD Signal Line 0.01
MACD Histogram -0.0178
Fundamentals Value
Market Cap 20.48 Million
Num Shares 8.27 Million
EPS -11.19
Price-to-Earnings (P/E) Ratio -0.22
Price-to-Sales 0.74
Price-to-Book 0.26
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.58
Resistance 3 (R3) 2.59 2.57 2.56
Resistance 2 (R2) 2.57 2.54 2.56 2.56
Resistance 1 (R1) 2.52 2.52 2.51 2.51 2.55
Pivot Point 2.50 2.50 2.49 2.49 2.50
Support 1 (S1) 2.45 2.47 2.44 2.44 2.40
Support 2 (S2) 2.43 2.45 2.42 2.39
Support 3 (S3) 2.38 2.43 2.39
Support 4 (S4) 2.37