LEGACY HOUSING CORP (LEGH) Stock Technical Analysis
NASDAQ:LEGH - Nasdaq - US52472M1018 - Common Stock - Currency: USD
Overall LEGH gets a technical rating of 0 out of 10. LEGH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
70% of all other stocks performed better in the past year than LEGH.
LEGH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LEGH is lagging the market.
In the last month LEGH has a been trading in the 21.80 - 27.02 range, which is quite wide. It is currently trading near the lows of this range.
LEGH is part of the Household Durables industry. There are 64 other stocks in this industry, LEGH did better than 68% of them.
LEGH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LEGH 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.
More info and screens
21.71
29.15
We found 2 important support areas.
- A support zone ranging from 22.29 to 22.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.93 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 23.90 to 24.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.99 to 25.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.73 from a horizontal line in the daily time frame.
- Resistance @27.61 from a horizontal line in the weekly time frame.
- Resistance @28.23 from a horizontal line in the weekly time frame.
- Resistance @28.86 from a horizontal line in the daily time frame.
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 LEGH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEGH is down. |
| ChartMill Relative Strength | 30.4 | NEUTRAL | LEGH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEGH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEGH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LEGH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.75 | NEUTRAL | The RSI value for LEGH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests LEGH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.6 | NEUTRAL | The Stochastics value for LEGH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGH suggests some volalility. |
| Average Directional Index/ADX (14) | 12.94 | NEGATIVE | The low ADX value for LEGH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.5
+0.11 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.49%
1 Week1.97%
2 Weeks-3.76%
1 Month-9.67%
3 Month-10.11%
6 Month-11.76%
12 Month-0.97%
2 Year-2.98%
3 Year72.41%
5 Year58.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%3.98%
ATR Inc-34.45%
Range Today0.52
ADR(20)0.83
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.4
Mansfield-1.48
10 Day High23.4
10 Day Low21.8
20 Day High27.02
20 Day Low21.8
52 Week High29.31
52 Week Low21.67
CS1 End22.34
CR1 Start23.9
Volume & EV
DER(3)4.31%
DER(5)3.11%
Volume68.59K
Volume Incr20.02%
Vol(5)88.56K
Vol(50)74.97K