LGI HOMES INC (LGIH) Stock Technical Analysis
NASDAQ:LGIH - Nasdaq - US50187T1060 - Common Stock - Currency: USD
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.
93% of all other stocks performed better in the past year than LGIH.
LGIH is part of the Household Durables industry. There are 63 other stocks in this industry, of which 85% are performing better than LGIH.
LGIH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month LGIH has a been trading in the 50.05 - 61.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
50.27
117.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.31 to 55.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.65 from a trend line in the daily time frame.
- A support zone ranging from 50.78 to 50.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @60.08 from a horizontal line in the daily time frame.
- Resistance @102.00 from a trend line in the weekly time frame.
- Resistance @107.05 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for LGIH is up. |
| ChartMill Relative Strength | 7.91 | NEGATIVE | LGIH has a low relative strength, it was outperformed by 92.09% 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) | 57.79 | NEUTRAL | The RSI value for LGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests LGIH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.17 | NEUTRAL | The Stochastics value for LGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for LGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for LGIH suggests a weak or negative 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)
57.58
-0.65 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-1.12%
1 Week13.37%
2 Weeks4.88%
1 Month14.48%
3 Month-3.15%
6 Month-36.3%
12 Month-46.16%
2 Year-58.5%
3 Year-48.95%
5 Year-49.54%
10 Year194.68%
15 YearN/A
Volatility
ATR(14)2.92
ATR(20)%5.27%
ATR Inc-15.74%
Range Today2.12
ADR(20)2.88
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.91
Mansfield-3.69
10 Day High61.02
10 Day Low50.06
20 Day High61.02
20 Day Low50.06
52 Week High125.83
52 Week Low47.17
CS1 End55.29
CR1 Start60.08
Volume & EV
DER(3)-0.94%
DER(5)-0.1%
Volume265.40K
Volume Incr4.29%
Vol(5)405.18K
Vol(50)355.73K