LANDSTAR SYSTEM INC (LSTR) Stock Technical Analysis
NASDAQ:LSTR - Nasdaq - US5150981018 - Common Stock - Currency: USD
Taking everything into account, LSTR scores 1 out of 10 in our technical rating. LSTR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, LSTR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 143.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 139.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LSTR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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130.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 138.57 to 139.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.28 to 134.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 131.54 to 131.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 143.07 to 145.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @179.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 185.69 to 188.61. 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 LSTR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LSTR is neutral. |
| ChartMill Relative Strength | 17.56 | NEGATIVE | LSTR has a low relative strength, it was outperformed by 82.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LSTR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LSTR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LSTR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.18 | NEUTRAL | The RSI value for LSTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests LSTR has a positive trend. |
| Stochastics (14,3) | 51.32 | NEUTRAL | The Stochastics value for LSTR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for LSTR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.91 | NEGATIVE | The low ADX value for LSTR suggests a weak or negative trend. |
140.01
-1.39 (-0.98%)