LYTS Technical Analysis - LSI INDUSTRIES INC

Technical Rating and Analysis

Overall LYTS gets a technical rating of 8 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.

In the last month LYTS has a been trading in the 21.70 - 24.16 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When comparing the yearly performance of all stocks, we notice that LYTS is one of the better performing stocks in the market, outperforming 85% of all stocks.

LYTS is part of the Electrical Equipment industry. There are 93 other stocks in this industry, LYTS did better than 55% of them.

LYTS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LYTS is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LSI INDUSTRIES INC / LYTS Weekly stock chart

LSI INDUSTRIES INC / LYTS Daily stock chart

Setup Rating and Analysis

Although LYTS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.19

23.93

We found 3 important support areas.

A support zone ranging from 21.44 to 21.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @20.79 from a trend line in the daily time frame.
Support @15.34 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

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.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	85.01	POSITIVE	LYTS has a high relative strength, it outperformed 85.01% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LYTS is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LYTS is above the rising 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)	41.03	NEUTRAL	The RSI value for LYTS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests LYTS has a negative trend.
Stochastics (14,3)	14.84	OVERSOLD	The low Stochastics value suggests LYTS may be oversold.
Average True Range in percent/ATR (20)	3.09	MEDIUM VOLATILITY	The ATR as a percentage value for LYTS suggests some volalility.
Average Directional Index/ADX (14)	28.23	POSITIVE	The high ADX value value for LYTS suggests a strong trend.