LSI INDUSTRIES INC (LYTS) Stock Technical Analysis
USA - NASDAQ:LYTS - US50216C1080 - Common Stock
Overall LYTS gets a technical rating of 7 out of 10. In the last year, LYTS was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, LYTS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for LYTS 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.
More info and screens
15.27
We found 3 important support areas.
- A support zone ranging from 22.78 to 22.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.65 to 21.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.42 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 22.99 to 23.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.66 to 23.69. 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 | UP | POSITIVE | The long term trend for LYTS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LYTS is neutral. |
| ChartMill Relative Strength | 82.91 | POSITIVE | LYTS has a high relative strength, it outperformed 82.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LYTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LYTS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LYTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.02 | NEUTRAL | The RSI value for LYTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LYTS has a negative trend. |
| Stochastics (14,3) | 55.78 | NEUTRAL | The Stochastics value for LYTS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for LYTS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.9 | NEGATIVE | The low ADX value for LYTS 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 |
|---|---|---|---|
| 23.22 | 22.77 | 0.45 (1.94%) | 25.00% |
| An entry @23.22. This is a Buy Stop order right above the resistance zone. | An exit @22.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.45 points, which is 1.94%. | For a 0.48% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LYTS. Please evaluate whether better entry and exit points can be found.
- 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.
22.99
+0.17 (+0.74%)
LSI INDUSTRIES INC / LYTS FAQ
Can you provide the ChartMill technical rating for LSI INDUSTRIES INC?
ChartMill assigns a technical rating of 7 / 10 to LYTS.
What is the current trend direction of LSI INDUSTRIES INC (LYTS) stock?
The current trend direction for LSI INDUSTRIES INC (LYTS) is Bullish.
Can you provide the RSI signal for LSI INDUSTRIES INC?
LSI INDUSTRIES INC (LYTS) has an RSI value of 51.0203. This indicates that the stock is currently neutral.
What is the MACD signal for LSI INDUSTRIES INC (LYTS) stock?
The MACD indicator for LSI INDUSTRIES INC (LYTS) has a value of -0.0297117, indicating a bearish trend.
Can you provide the support and resistance levels for LSI INDUSTRIES INC?
LSI INDUSTRIES INC (LYTS) has a support level at 22.84 and a resistance level at 22.99. Check the full technical report for our detailed analysis of LYTS support and resistance levels.