LSI INDUSTRIES INC (LYTS) Stock Technical Analysis
NASDAQ:LYTS - Nasdaq - US50216C1080 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to LYTS. Although LYTS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month LYTS has a been trading in the 17.20 - 19.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that LYTS is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
LYTS is an average performer in the Electrical Equipment industry, it outperforms 54% of 93 stocks in the same industry.
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.
Besides having an excellent technical rating, LYTS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.15, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
15.20
19.02
4 important support areas can be observed.
- A support zone ranging from 17.85 to 18.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.30 to 17.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.62 to 15.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.69 to 18.83. 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 | UP | POSITIVE | The short term trend for LYTS is up. |
| ChartMill Relative Strength | 75.28 | POSITIVE | LYTS has a high relative strength, it outperformed 75.28% 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) | 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) | 60.25 | NEUTRAL | The RSI value for LYTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LYTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.03 | NEUTRAL | The Stochastics value for LYTS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for LYTS suggests some volalility. |
| Average Directional Index/ADX (14) | 33.77 | POSITIVE | The high ADX value value for LYTS suggests a strong 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)
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 |
|---|---|---|---|
| 18.84 | 17.84 | 1.00 (5.31%) | 18.84% |
| An entry @18.84. This is a Buy Stop order right above the resistance zone. | An exit @17.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.00 points, which is 5.31%. | When investing 18.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
18.23
-0.04 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.22%
1 Week0.72%
2 Weeks4.11%
1 Month5.74%
3 Month14.29%
6 Month-13.48%
12 Month18.07%
2 Year44.68%
3 Year201.32%
5 Year211.09%
10 Year83.03%
15 Year246.58%
Volatility
ATR(14)0.51
ATR(20)%2.58%
ATR Inc23.59%
Range Today0.61
ADR(20)0.46
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.28
Mansfield-0.45
10 Day High19.15
10 Day Low17.3
20 Day High19.15
20 Day Low17.2
52 Week High25.5
52 Week Low13.63
CS1 End18.15
CR1 Start18.69
Volume & EV
DER(3)1.53%
DER(5)2.23%
Volume97.50K
Volume Incr5.3%
Vol(5)100.26K
Vol(50)100.24K