LGI HOMES INC (LGIH) Stock Technical Analysis
NASDAQ:LGIH - US50187T1060 - Common Stock
Overall LGIH gets a technical rating of 5 out of 10. 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.
Although the technical rating is only medium, LGIH does present a nice setup opportunity. 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 66.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LGIH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
55.41
2 important support areas can be observed.
- A support zone ranging from 61.90 to 61.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.97 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 66.28 to 67.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @100.10 from a trend line in the weekly time frame.
- Resistance @105.73 from a trend 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 | 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 | 16.49 | NEGATIVE | LGIH has a low relative strength, it was outperformed by 83.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LGIH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LGIH is above the rising 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) | 52.15 | NEUTRAL | The RSI value for LGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests LGIH has a negative trend. |
| Stochastics (14,3) | 49.84 | NEUTRAL | The Stochastics value for LGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for LGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 29.28 | POSITIVE | The high ADX value value for LGIH suggests a strong trend. |
61.91
-0.63 (-1.01%)