The Hourly View for LAW
Currently, LAW (Get Ratings)’s price is down $-0.42 (-0.73%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on LAW; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
LAW ranks 213th in terms of today’s price percentage change out of Business Services stocks.
LAW’s Technical Outlook on the Daily Chart
At the time of this writing, LAW’s price is down $-0.4 (-0.7%) from the day prior. The daily chart shows that LAW has seen 2 straight down days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 40 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows LAW’s price action over the past 90 days.
LAW: Daily RSI Analysis
For LAW News Traders
News traders keeping an eye on LAW may find value in this recent story:
AUSTIN, Texas, September 13, 2021–CS Disco, Inc. (“DISCO”) (NYSE: LAW), today announced the commencement of an underwritten public offering of 5,000,000 shares of common stock offered by certain selling stockholders of DISCO (the “Selling Stockholders”). In addition, the Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 500,000 shares of common stock at the public offering price, less underwriting discounts and commissions. DISCO will not rece
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