LEA Technical Analysis - LEAR CORP

Technical Rating and Analysis

Taking everything into account, LEA scores 1 out of 10 in our technical rating. LEA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, LEA is a bad performer in the overall market: 74% of all stocks are doing better.

LEA is one of the lesser performing stocks in the Automobile Components industry. 80% of 81 stocks in the same industry do better.

In the last month LEA has a been trading in the 96.04 - 106.96 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

LEA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LEA is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, LEA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

95.81

113.88

We found 2 important support areas.

A support zone ranging from 99.84 to 100.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 96.78 to 97.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

Resistance @108.31 from a trend line in the weekly time frame.
A resistance zone ranging from 111.05 to 112.75. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for LEA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LEA is down.
ChartMill Relative Strength	26.48	NEGATIVE	LEA has a low relative strength, it was outperformed by 73.52% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LEA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of LEA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LEA is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.93	NEUTRAL	The RSI value for LEA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests LEA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	48.23	NEUTRAL	The Stochastics value for LEA is a neutral value.
Average True Range in percent/ATR (20)	2.61	MEDIUM VOLATILITY	The ATR as a percentage value for LEA suggests some volalility.
Average Directional Index/ADX (14)	22.35	NEUTRAL	The ADX value for LEA suggests a possible start of a new trend.