Taking everything into account, LEGH scores 4 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. LEGH was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, LEGH is a bad performer in the overall market: 78% of all stocks are doing better.
- LEGH is part of the Household Durables industry. There are 60 other stocks in this industry, of which 61% are performing better than LEGH.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month LEGH has a been trading in the 19.02 - 22.91 range, which is quite wide. It is currently trading near the high of this range.
- LEGH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LEGH is lagging the market.
LEGH has an average technical rating and also the quality of the setup is only medium 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
18.70
When analyzing the support we can see 3 important areas.
- Support @22.34 from a trend line in the daily time frame.
- A support zone ranging from 19.30 to 19.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.89 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.38 to 22.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.61 from a horizontal line in the weekly time frame.
- Resistance @28.23 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for LEGH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEGH is up. |
| ChartMill Relative Strength | 22.03 | NEGATIVE | LEGH has a low relative strength, it was outperformed by 77.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEGH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LEGH is above 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) | 65.59 | NEUTRAL | The RSI value for LEGH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests LEGH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.74 | OVERBOUGHT | The high Stochastics value suggests LEGH may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGH suggests some volalility. |
| Average Directional Index/ADX (14) | 35.37 | POSITIVE | The high ADX value value for LEGH suggests a strong trend. |
22.37
+0.63 (+2.9%)
LEGACY HOUSING CORP / LEGH FAQ
What is the technical rating for LEGH stock?
ChartMill assigns a technical rating of 4 / 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 65.5905. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for LEGACY HOUSING CORP?
LEGACY HOUSING CORP (LEGH) has a support level at 22.34 and a resistance level at 22.38. Check the full technical report for our detailed analysis of LEGH support and resistance levels.