LXP INDUSTRIAL TRUST (LXP) Stock Technical Analysis
NYSE:LXP - New York Stock Exchange, Inc. - US5290431015 - REIT - Currency: USD
Overall LXP gets a technical rating of 4 out of 10. LXP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
LXP has only a medium 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 a resistance zone just above the current price starting at 8.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LXP 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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7.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.16 to 8.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.54 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 8.66 to 8.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.17 to 9.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.43 from a horizontal line in the daily time frame.
- Resistance @10.41 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 | NEUTRAL | NEUTRAL | The long term trend for LXP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LXP is up. |
| ChartMill Relative Strength | 35.01 | NEUTRAL | LXP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LXP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LXP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LXP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.87 | NEUTRAL | The RSI value for LXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LXP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.07 | OVERBOUGHT | The high Stochastics value suggests LXP may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for LXP suggests some volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for LXP suggests a weak or negative trend. |
8.62
+0.02 (+0.23%)