LGI HOMES INC (LGIH) Stock Technical Analysis
USA - NASDAQ:LGIH - US50187T1060 - Common Stock
Taking everything into account, LGIH scores 0 out of 10 in our technical rating. LGIH'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.
LGIH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 47.08. Right above this resistance zone may be a good entry point.
More info and screens
45.60
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 47.08 to 47.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @60.85 from a trend line in the daily time frame.
- Resistance @64.43 from a trend line in the daily 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 LGIH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LGIH is down. |
| ChartMill Relative Strength | 5.45 | NEGATIVE | LGIH has a low relative strength, it was outperformed by 94.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LGIH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LGIH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LGIH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.22 | NEUTRAL | The RSI value for LGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests LGIH has a positive trend. |
| Stochastics (14,3) | 34.14 | NEUTRAL | The Stochastics value for LGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for LGIH suggests some volalility. |
| Average Directional Index/ADX (14) | 27.61 | POSITIVE | The high ADX value value for LGIH suggests a strong trend. |
46.06
+0.14 (+0.3%)
LGI HOMES INC / LGIH FAQ
What is the technical rating for LGIH stock?
ChartMill assigns a technical rating of 0 / 10 to LGIH.
Can you provide the trend direction for LGI HOMES INC?
The current trend direction for LGI HOMES INC (LGIH) is Bearish.
What is the RSI signal for LGIH stock?
LGI HOMES INC (LGIH) has an RSI value of 38.2182. This indicates that the stock is currently neutral.
What is the buy/sell signal for LGIH stock?
The buy/sell signal for LGI HOMES INC (LGIH) is sell as both the short term and long term trends are negative.
What is the support and resistance level for LGIH stock?
LGI HOMES INC (LGIH) has a resistance level at 47.08. Check the full technical report for our detailed analysis of LGIH support and resistance levels.