LEGH Technical Analysis - LEGACY HOUSING CORP

Technical Rating and Analysis

Taking everything into account, LEGH scores 0 out of 10 in our technical rating. 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: 71% of all stocks are doing better.

LEGH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

LEGH is an average performer in the Household Durables industry, it outperforms 63% of 61 stocks in the same industry.

In the last month LEGH has a been trading in the 20.85 - 27.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LEGACY HOUSING CORP / LEGH Weekly stock chart

LEGACY HOUSING CORP / LEGH Daily stock chart

Setup Rating and Analysis

LEGH has a poor technical rating and the quality of the setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.39

28.77

When analyzing the support we can see 2 important areas.

Support @22.34 from a trend line in the weekly time frame.
A support zone ranging from 21.61 to 21.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 23.40 to 23.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 27.61 to 28.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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	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	29.42	NEGATIVE	LEGH has a low relative strength, it was outperformed by 70.58% 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)	38.11	NEUTRAL	The RSI value for LEGH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests LEGH has a negative trend, although the MACD value is rising.
Stochastics (14,3)	35.21	NEUTRAL	The Stochastics value for LEGH is a neutral value.
Average True Range in percent/ATR (20)	4.06	MEDIUM VOLATILITY	The ATR as a percentage value for LEGH suggests some volalility.
Average Directional Index/ADX (14)	37.44	POSITIVE	The high ADX value value for LEGH suggests a strong trend.