Stock Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Local Bounti Corporation (NYSE:LOCL)
Bear Market Rally (-75) - LOCL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on LOCL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid LOCL?
MarketClub looks at technical strength and momentum to determine if the timing is right for LOCL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LOCL
The long-term trend has been DOWN since Oct 3rd, 2023 at 2.2500
The intermediate-term trend has been UP since Nov 2nd, 2023 at 2.3641
The short-term trend has been DOWN since Dec 7th, 2023 at 3.5000
Smart Scan Analysis for LOCL
Based on our trend formula, LOCL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||30.42||52wk High Date||2022-12-14|
|52wk Low||1.1704||52wk Low Date||2023-10-27|
|Average Volume||31,902||Shares Outstanding||8,272|