LINDSAY CORP (LNN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LNN - US5355551061 - Common Stock
Overall LNN gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. LNN was also a bad performer in the overall market in the last year.
- 68% of all other stocks performed better in the past year than LNN.
- 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.
- LNN is an average performer in the Machinery industry, it outperforms 45% of 132 stocks in the same industry.
- LNN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LNN is lagging the market.
- In the last month LNN has a been trading in the 116.00 - 128.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, LNN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
112.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 121.65 to 125.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @113.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @126.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 132.43 to 134.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @137.08 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 | DOWN | NEGATIVE | The long term trend for LNN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LNN is up. |
| ChartMill Relative Strength | 32.51 | NEUTRAL | LNN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LNN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LNN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LNN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.68 | NEUTRAL | The RSI value for LNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests LNN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67 | NEUTRAL | The Stochastics value for LNN is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for LNN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for LNN suggests a possible start of a new trend. |
125.72
+2.73 (+2.22%)
LINDSAY CORP / LNN FAQ
What is the technical rating for LNN stock?
ChartMill assigns a technical rating of 4 / 10 to LNN.
What is the current trend direction of LINDSAY CORP (LNN) stock?
The current trend direction for LINDSAY CORP (LNN) is Bearish.
What is the RSI signal for LINDSAY CORP (LNN) stock?
LINDSAY CORP (LNN) has an RSI value of 52.6773. This indicates that the stock is currently neutral.
What is the short term momentum for LINDSAY CORP (LNN) stock?
The short term momentum for LINDSAY CORP (LNN) is positive.
What is the buy/sell signal for LINDSAY CORP (LNN) stock?
The buy/sell signal for LINDSAY CORP (LNN) is hold as the short term and long term trends are mixed.