LA-Z-BOY INC (LZB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LZB - US5053361078 - Common Stock
Overall LZB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LZB is only an average performer.
Although LZB has an excellent technical rating, the quality of the presented setup is not ideal 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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36.71
2 important support areas can be observed.
- A support zone ranging from 39.23 to 39.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.08 to 37.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.83 to 40.08. 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 LZB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LZB is up. |
| ChartMill Relative Strength | 57.56 | NEUTRAL | LZB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LZB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LZB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LZB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.85 | NEUTRAL | The RSI value for LZB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests LZB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.84 | NEUTRAL | The Stochastics value for LZB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for LZB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.88 | NEUTRAL | The ADX value for LZB suggests a possible start of a new trend. |
39.58
+0.56 (+1.44%)
LA-Z-BOY INC / LZB FAQ
Can you provide the ChartMill technical rating for LA-Z-BOY INC?
ChartMill assigns a technical rating of 8 / 10 to LZB.
What is the current trend direction of LA-Z-BOY INC (LZB) stock?
The current trend direction for LA-Z-BOY INC (LZB) is Bullish.
What is the RSI signal for LA-Z-BOY INC (LZB) stock?
LA-Z-BOY INC (LZB) has an RSI value of 63.8534. This indicates that the stock is currently neutral.
What is the buy/sell signal for LA-Z-BOY INC (LZB) stock?
The buy/sell signal for LA-Z-BOY INC (LZB) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for LA-Z-BOY INC (LZB) stock?
LA-Z-BOY INC (LZB) has a support level at 39.27 and a resistance level at 39.83. Check the full technical report for our detailed analysis of LZB support and resistance levels.