LEON'S FURNITURE LTD (LNF.CA) Stock Technical Analysis
TSX:LNF - Toronto Stock Exchange - CA5266821092 - Common Stock - Currency: CAD
Taking everything into account, LNF scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LNF is only an average performer.
Although the technical rating is only medium, LNF does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LNF in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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20.90
4 important support areas can be observed.
- A support zone ranging from 26.57 to 27.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.67 from a trend line in the weekly time frame.
- Support @21.72 from a horizontal line in the weekly time frame.
- Support @21.11 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @28.57 from a horizontal 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 | UP | POSITIVE | The long term trend for LNF.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LNF.CA is neutral. |
| ChartMill Relative Strength | 48.68 | NEUTRAL | LNF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LNF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LNF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LNF.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.26 | NEUTRAL | The RSI value for LNF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests LNF.CA has a positive trend. |
| Stochastics (14,3) | 88.5 | OVERBOUGHT | The high Stochastics value suggests LNF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for LNF.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.21 | NEGATIVE | The low ADX value for LNF.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.58 | 26.99 | 1.59 (5.56%) | 17.97% |
| An entry @28.58. This is a Buy Stop order right above the resistance zone. | An exit @26.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.59 points, which is 5.56%. | For a 1.00% total portfolio risk, you can invest 17.97% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:LNF (8/7/2025, 7:00:00 PM)
28.2
+0.04 (+0.14%)