LFLY Leafly Holdings Forecast, Technical & Fundamental Analysis

LFLY's Indicator enters downward trend

The Aroon Indicator for LFLY entered a downward trend on December 18, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 287 similar instances where the Aroon Indicator formed such a pattern. In of the 287 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LFLY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

LFLY broke above its upper Bollinger Band on December 19, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where LFLY's RSI Indicator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on December 19, 2024. You may want to consider a long position or call options on LFLY as a result. In of 107 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for LFLY just turned positive on December 17, 2024. Looking at past instances where LFLY's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

LFLY moved above its 50-day moving average on December 20, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where LFLY advanced for three days, in of 162 cases, the price rose further within the following month. The odds of a continued upward trend are .