LOUISIANA-PACIFIC CORP (LPX) Stock Technical Analysis
NYSE:LPX - New York Stock Exchange, Inc. - US5463471053 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to LPX. LPX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, LPX is a bad performer in the overall market: 65% of all stocks are doing better.
LPX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LPX is lagging the market.
In the last month LPX has a been trading in the 85.93 - 97.62 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
LPX is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 75% of 9 stocks in the same industry.
LPX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 90.46, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
80.35
97.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 89.12 to 90.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.65 to 86.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @84.20 from a horizontal line in the weekly time frame.
- Support @81.16 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @93.33 from a trend line in the daily time frame.
- A resistance zone ranging from 95.16 to 96.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 LPX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LPX is neutral. |
| ChartMill Relative Strength | 35.52 | NEUTRAL | LPX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LPX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LPX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LPX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.73 | NEUTRAL | The RSI value for LPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests LPX has a positive trend. |
| Stochastics (14,3) | 64.69 | NEUTRAL | The Stochastics value for LPX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for LPX suggests some volalility. |
| Average Directional Index/ADX (14) | 10.31 | NEGATIVE | The low ADX value for LPX 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)
90.48
+0.07 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg0.08%
1 Week0.71%
2 Weeks3.51%
1 Month-1.41%
3 Month3.36%
6 Month-22.65%
12 Month-4.43%
2 Year44.81%
3 Year66.84%
5 Year174.68%
10 Year450.37%
15 Year1258.56%
Volatility
ATR(14)2.09
ATR(20)%2.68%
ATR Inc-8.8%
Range Today2.64
ADR(20)2.33
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.52
Mansfield-1.46
10 Day High91.79
10 Day Low85.93
20 Day High97.62
20 Day Low85.93
52 Week High122.87
52 Week Low78.82
CS1 End90.46
CR1 Start93.33
Volume & EV
DER(3)-0.23%
DER(5)-0.79%
Volume796.50K
Volume Incr10.23%
Vol(5)738.94K
Vol(50)795.93K