LANCASTER COLONY CORP (LANC) Stock Technical Analysis
NASDAQ:LANC - Nasdaq - US5138471033 - Common Stock - Currency: USD
Taking everything into account, LANC scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. LANC was also a bad performer in the overall market in the last year.
Although the technical rating is bad, LANC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 172.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 171.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LANC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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157.84
We found 3 important support areas.
- A support zone ranging from 169.43 to 172.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 162.79 to 162.87. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 159.43 to 159.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 190.25 to 192.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 196.45 to 200.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LANC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LANC is up. |
| ChartMill Relative Strength | 16.95 | NEGATIVE | LANC has a low relative strength, it was outperformed by 83.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LANC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LANC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LANC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.04 | NEUTRAL | The RSI value for LANC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests LANC has a positive trend. |
| Stochastics (14,3) | 85.98 | OVERBOUGHT | The high Stochastics value suggests LANC may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for LANC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for LANC suggests a weak or negative trend. |
172.77
+0.97 (+0.56%)