LEGACY HOUSING CORP (LEGH) Stock Technical Analysis
USA - NASDAQ:LEGH - US52472M1018 - Common Stock
Overall LEGH gets a technical rating of 1 out of 10. LEGH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
More info and screens
21.39
We found 1 important support area.
- 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 22.34 to 23.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.08 to 24.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.73 from a trend line in the daily time frame.
- Resistance @27.61 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 28.23 to 28.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 18.33 | NEGATIVE | LEGH has a low relative strength, it was outperformed by 81.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LEGH is below the rising 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) | 39.29 | NEUTRAL | The RSI value for LEGH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests LEGH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.83 | NEUTRAL | The Stochastics value for LEGH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGH suggests some volalility. |
| Average Directional Index/ADX (14) | 32.39 | POSITIVE | The high ADX value value for LEGH suggests a strong trend. |
22.22
-0.4 (-1.77%)
LEGACY HOUSING CORP / LEGH FAQ
What is the technical rating for LEGH stock?
ChartMill assigns a technical rating of 1 / 10 to LEGH.
What is the trend direction for LEGH stock?
The current trend direction for LEGACY HOUSING CORP (LEGH) is Bearish.
Can you provide the RSI signal for LEGACY HOUSING CORP?
LEGACY HOUSING CORP (LEGH) has an RSI value of 39.2915. This indicates that the stock is currently neutral.
What is the short term momentum for LEGACY HOUSING CORP (LEGH) stock?
The short term momentum for LEGACY HOUSING CORP (LEGH) is negative.
What are the support and resistance levels for LEGACY HOUSING CORP (LEGH) stock?
LEGACY HOUSING CORP (LEGH) has a support level at 21.78 and a resistance level at 22.34. Check the full technical report for our detailed analysis of LEGH support and resistance levels.