LEGACY HOUSING CORP (LEGH) Technical Analysis
NASDAQ:LEGH • US52472M1018
Current stock price
LEGH Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to LEGH. 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.
- When comparing the yearly performance of all stocks, LEGH is a bad performer in the overall market: 83% of all stocks are doing better.
- LEGH is part of the Household Durables industry. There are 60 other stocks in this industry, of which 71% are performing better than LEGH.
- LEGH is currently making a new 52 week low. This is a very bad signal. The S&P500 Index 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 18.29 - 22.48 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
LEGH Weekly and Daily overview Charts
LEGH Setup Rating and Analysis
The technical rating of LEGH is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
LEGH Support and Resistance Analysis
18.60
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 18.80 to 18.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.93 to 21.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.77 to 21.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @22.54 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.
LEGH 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 | 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 | 17.84 | NEGATIVE | LEGH has a low relative strength, it was outperformed by 82.16% off all stocks 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) | 29.92 | OVERSOLD | The low RSI value suggests LEGH may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests LEGH has a negative trend. |
| Stochastics (14,3) | 18.12 | OVERSOLD | The low Stochastics value suggests LEGH may be oversold. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGH suggests some volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for LEGH suggests a possible start of a new trend. |
LEGH Chart- and CandleStick Pattern Analysis
LEGH Technicals: Chart, Performance Metrics, Trend & Indicators
18.79
-0.62 (-3.19%)
LEGACY HOUSING CORP / LEGH TA FAQ
What is the technical rating for LEGH stock?
ChartMill assigns a technical rating of 0 / 10 to LEGH.
What is the current trend direction of LEGACY HOUSING CORP (LEGH) stock?
The current trend direction for LEGACY HOUSING CORP (LEGH) is Bearish.
What is the RSI signal for LEGACY HOUSING CORP (LEGH) stock?
LEGACY HOUSING CORP (LEGH) has an RSI value of 29.9167. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for LEGACY HOUSING CORP?
The buy/sell signal for LEGACY HOUSING CORP (LEGH) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for LEGACY HOUSING CORP?
LEGACY HOUSING CORP (LEGH) has a resistance level at 18.8. Check the full technical report for our detailed analysis of LEGH support and resistance levels.