We assign a technical rating of 2 out of 10 to LEGH. In the past year, LEGH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of LEGH is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.18 to 20.35. 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 19.30 to 19.54. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.66 to 21.66. 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 | DOWN | NEGATIVE | The long term trend for LEGH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEGH is up. |
| ChartMill Relative Strength | 19.79 | NEGATIVE | LEGH has a low relative strength, it was outperformed by 80.21% 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) | 66.7 | 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. |
| Stochastics (14,3) | 94.57 | OVERBOUGHT | The high Stochastics value suggests LEGH may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.61 | POSITIVE | The high ADX value value for LEGH suggests a strong trend. |
21.65
+0.27 (+1.26%)
LEGACY HOUSING CORP / LEGH FAQ
What is the technical rating for LEGH stock?
ChartMill assigns a technical rating of 2 / 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 66.6996. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for LEGACY HOUSING CORP?
The buy/sell signal for LEGACY HOUSING CORP (LEGH) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for LEGACY HOUSING CORP?
LEGACY HOUSING CORP (LEGH) has a support level at 20.35 and a resistance level at 21.66. Check the full technical report for our detailed analysis of LEGH support and resistance levels.