We assign a technical rating of 2 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.
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
43.88
We found 2 important support areas.
- Support @45.71 from a trend line in the daily time frame.
- Support @44.32 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 52.03 to 52.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @62.77 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 | UP | POSITIVE | The short term trend for LGIH is up. |
| ChartMill Relative Strength | 9 | NEGATIVE | LGIH has a low relative strength, it was outperformed by 91% 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) | 60.42 | NEUTRAL | The RSI value for LGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests LGIH has a positive trend. |
| Stochastics (14,3) | 90.61 | OVERBOUGHT | The high Stochastics value suggests LGIH may be overbought. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for LGIH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.57 | NEUTRAL | The ADX value for LGIH suggests a possible start of a new trend. |
52.02
-0.66 (-1.25%)
LGI HOMES INC / LGIH FAQ
What is the technical rating for LGIH stock?
ChartMill assigns a technical rating of 2 / 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 60.4181. 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 hold as the short term and long term trends are mixed.
What is the support and resistance level for LGIH stock?
LGI HOMES INC (LGIH) has a support level at 45.71 and a resistance level at 52.03. Check the full technical report for our detailed analysis of LGIH support and resistance levels.