THE LOVESAC COMPANY - Daily - Technical analysis published on 09/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 18.76 USD
My targets
14.35 USD (-12.18%)
11.50 USD (-29.62%)
My analysis
THE LOVESAC COMPANY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 18.76 USD. The next support located at 14.35 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.50 USD. Below this support, sellers could then target 7.44 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
THE LOVESAC COMPANY rating 16.34 USD. The price registered a decrease of -0.91% on the session and was between 15.07 USD and 16.69 USD. This implies that the price is at +8.43% from its lowest and at -2.10% from its highest.15.07
16.69
16.34
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this THE LOVESAC COMPANY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 16.34 | 18.76 | 28.65 | 39.23 |
| Change (%) | - | +14.81% | +75.34% | +140.09% |
| Change | - | +2.42 | +12.31 | +22.89 |
| Level | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.24 | 15.79 | 16.14 | 16.68 | 17.04 | 17.58 | 17.94 |
| Camarilla | 16.24 | 16.33 | 16.41 | 16.49 | 16.57 | 16.66 | 16.74 |
| Woodie | 15.14 | 15.74 | 16.04 | 16.64 | 16.94 | 17.53 | 17.84 |
| Fibonacci | 15.79 | 16.13 | 16.34 | 16.68 | 17.03 | 17.24 | 17.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.00 | 14.78 | 15.99 | 16.77 | 17.98 | 18.76 | 19.97 |
| Camarilla | 16.65 | 16.84 | 17.02 | 17.20 | 17.38 | 17.57 | 17.75 |
| Woodie | 14.22 | 14.89 | 16.21 | 16.88 | 18.20 | 18.87 | 20.19 |
| Fibonacci | 14.78 | 15.54 | 16.01 | 16.77 | 17.53 | 18.00 | 18.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.44 | 11.50 | 14.35 | 18.41 | 21.26 | 25.32 | 28.17 |
| Camarilla | 15.30 | 15.93 | 16.57 | 17.20 | 17.83 | 18.47 | 19.10 |
| Woodie | 6.84 | 11.20 | 13.75 | 18.11 | 20.66 | 25.02 | 27.57 |
| Fibonacci | 11.50 | 14.14 | 15.77 | 18.41 | 21.05 | 22.68 | 25.32 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.34 | |
| MACD (12,26,9): | -1.6800 | |
| Directional Movement: | -14.48 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 15.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.81 | |
| Elder Ray (13): | -1.39 | |
| Super Trend (3,10): | 19.67 | |
| Zig ZAG (10): | 16.34 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 25.96 | |
| TEMA (21): | 16.08 | |
| Williams %R (14): | -74.68 | |
| Chande Momentum Oscillator (20): | -1.75 | |
| Repulse (5,40,3): | 2.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2600 | |
| Courbe Coppock: | 23.19 |
| MA7: | 16.49 | |
| MA20: | 17.82 | |
| MA50: | 22.30 | |
| MA100: | 28.90 | |
| MAexp7: | 16.72 | |
| MAexp20: | 18.07 | |
| MAexp50: | 21.86 | |
| MAexp100: | 25.10 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -8.31% | |
| Price / MA50: | -26.73% | |
| Price / MA100: | -43.46% | |
| Price / MAexp7: | -2.27% | |
| Price / MAexp20: | -9.57% | |
| Price / MAexp50: | -25.25% | |
| Price / MAexp100: | -34.90% |
News
The last news published on THE LOVESAC COMPANY at the time of the generation of this analysis was as follows:
- The Lovesac Company to Announce Second Quarter Fiscal 2020 Earnings Results
- The Lovesac Company to Present at the Oppenheimer 19th Annual Consumer Growth & E-Commerce Conference
- The Lovesac Company Announces First Quarter Fiscal 2020 Financial Results
- The Lovesac Company to Present at the Stifel 2019 Cross Sector Insight Conference
- The Lovesac Company to Announce First Quarter Fiscal 2020 Earnings Results
This member declared not having a position on this financial instrument or a related financial instrument.
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