LGI HOMES INC (LGIH) Stock Technical Analysis
NASDAQ:LGIH - Nasdaq - US50187T1060 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to LGIH. LGIH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, LGIH is a bad performer in the overall market: 92% of all stocks are doing better.
LGIH is one of the lesser performing stocks in the Household Durables industry. 87% of 64 stocks in the same industry do better.
LGIH is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so LGIH is lagging the market.
In the last month LGIH has a been trading in the 49.88 - 61.72 range, which is quite wide. It is currently trading near the lows of this range.
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
50.19
117.53
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 53.84 to 54.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 60.61 to 61.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @116.37 from a horizontal 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 | 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 | 8.06 | NEGATIVE | LGIH has a low relative strength, it was outperformed by 91.94% 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) | 36.92 | NEUTRAL | The RSI value for LGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests LGIH has a negative trend. |
| Stochastics (14,3) | 13.59 | OVERSOLD | The low Stochastics value suggests LGIH may be oversold. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for LGIH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for LGIH suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
50.7
-0.21 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.41%
1 Week-3.54%
2 Weeks-11.5%
1 Month-7.16%
3 Month-30.95%
6 Month-53.69%
12 Month-47.19%
2 Year-55.44%
3 Year-48.26%
5 Year-39.22%
10 Year168.97%
15 YearN/A
Volatility
ATR(14)2.33
ATR(20)%4.7%
ATR Inc18.88%
Range Today2.16
ADR(20)2.14
ADR(20)%4.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.06
Mansfield-4.53
10 Day High58.36
10 Day Low49.88
20 Day High61.72
20 Day Low49.88
52 Week High125.83
52 Week Low49.88
CS1 EndN/A
CR1 Start53.84
Volume & EV
DER(3)3.49%
DER(5)2.04%
Volume203.20K
Volume Incr-12.65%
Vol(5)284.14K
Vol(50)333.10K