LGI HOMES INC (LGIH) Technical Analysis
NASDAQ:LGIH • US50187T1060
Current stock price
LGIH Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to LGIH. In the past year, LGIH 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.
- 85% of all other stocks performed better in the past year than LGIH.
- LGIH is one of the lesser performing stocks in the Household Durables industry. 83% of 60 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month LGIH has a been trading in the 35.87 - 48.49 range, which is quite wide. It is currently trading near the high of this range.
- LGIH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LGIH is lagging the market.
LGIH Weekly and Daily overview Charts
LGIH Setup Rating and Analysis
The technical rating of LGIH is bad and it also does not present a quality setup 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
LGIH Support and Resistance Analysis
38.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 40.85 to 41.50. 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 39.19 to 39.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @46.65 from a horizontal line in the daily time frame.
- Resistance @52.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 58.17 to 58.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
LGIH 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 | NEUTRAL | NEUTRAL | The long term trend for LGIH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LGIH is up. |
| ChartMill Relative Strength | 15.51 | NEGATIVE | LGIH has a low relative strength, it was outperformed by 84.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LGIH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LGIH is above 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) | 58.85 | NEUTRAL | The RSI value for LGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests LGIH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.63 | NEUTRAL | The Stochastics value for LGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for LGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 27.05 | POSITIVE | The high ADX value value for LGIH suggests a strong trend. |
LGIH Chart- and CandleStick Pattern Analysis
LGIH Technicals: Chart, Performance Metrics, Trend & Indicators
45.49
+0.24 (+0.53%)
LGI HOMES INC / LGIH TA FAQ
What is the technical rating for LGIH stock?
ChartMill assigns a technical rating of 3 / 10 to LGIH.
What is the trend direction for LGIH stock?
The current trend direction for LGI HOMES INC (LGIH) is Bearish.
What is the RSI signal for LGI HOMES INC (LGIH) stock?
LGI HOMES INC (LGIH) has an RSI value of 58.85. This indicates that the stock is currently neutral.
What is the short term momentum for LGIH stock?
The short term momentum for LGI HOMES INC (LGIH) is positive.
Can you provide the support and resistance levels for LGI HOMES INC?
LGI HOMES INC (LGIH) has a support level at 41.5 and a resistance level at 46.65. Check the full technical report for our detailed analysis of LGIH support and resistance levels.