Technical Analysis for LOCL - Local Bounti Corporation

Grade Last Price % Change Price Change
C 2.92 1.73% 0.05
LOCL closed up 1.73 percent on Wednesday, March 27, 2024, on 3.44 times normal volume. 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
180 Bullish Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Stochastic Reached Overbought Strength 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 15 hours ago
Outside Day about 16 hours ago
Fell Below Previous Day's Low about 16 hours ago
Down 2 % about 16 hours ago
Down 1% about 16 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 0.3551
Average Volume 11,222
200-Day Moving Average 2.74
50-Day Moving Average 2.45
20-Day Moving Average 2.69
10-Day Moving Average 2.68
Average True Range 0.21
RSI (14) 62.41
ADX 12.39
+DI 24.31
-DI 21.37
Chandelier Exit (Long, 3 ATRs) 2.43
Chandelier Exit (Short, 3 ATRs) 2.96
Upper Bollinger Bands 2.93
Lower Bollinger Band 2.45
Percent B (%b) 0.97
BandWidth 17.83
MACD Line 0.08
MACD Signal Line 0.06
MACD Histogram 0.0152
Fundamentals Value
Market Cap 24.15 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) 3.16
Resistance 3 (R3) 3.15 3.05 3.12
Resistance 2 (R2) 3.05 2.99 3.06 3.11
Resistance 1 (R1) 2.99 2.95 3.02 3.00 3.09
Pivot Point 2.89 2.89 2.91 2.90 2.89
Support 1 (S1) 2.83 2.83 2.86 2.84 2.75
Support 2 (S2) 2.73 2.79 2.74 2.73
Support 3 (S3) 2.67 2.73 2.72
Support 4 (S4) 2.68