LA-Z-BOY INC (LZB) Stock Technical Analysis
NYSE:LZB • US5053361078
We assign a technical rating of 3 out of 10 to LZB. In the last year, LZB was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month LZB has a been trading in the 35.76 - 39.98 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, LZB outperforms 55% of them, which is more or less in line with the market.
- LZB is part of the Household Durables industry. There are 60 other stocks in this industry, LZB did better than 52% of them.
- LZB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LZB is lagging the market.
Although the technical rating is bad, LZB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.05, a Stop Loss order could be placed below this zone.
More info and screens
36.04
We found 2 important support areas.
- A support zone ranging from 37.08 to 38.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.40 to 36.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 38.37 to 39.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for LZB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LZB is neutral. |
| ChartMill Relative Strength | 55.17 | NEUTRAL | LZB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LZB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LZB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LZB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.46 | NEUTRAL | The RSI value for LZB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LZB has a positive trend. |
| Stochastics (14,3) | 58.31 | NEUTRAL | The Stochastics value for LZB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for LZB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.71 | NEGATIVE | The low ADX value for LZB suggests a weak or negative trend. |
38.34
+0.87 (+2.32%)
LA-Z-BOY INC / LZB FAQ
Can you provide the ChartMill technical rating for LA-Z-BOY INC?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for LA-Z-BOY INC (LZB) stock?
LA-Z-BOY INC (LZB) has an RSI value of 52.4642. This indicates that the stock is currently neutral.
What are the support and resistance levels for LA-Z-BOY INC (LZB) stock?
LA-Z-BOY INC (LZB) has a support level at 38.05 and a resistance level at 38.37. Check the full technical report for our detailed analysis of LZB support and resistance levels.