LZB Technical Analysis - LA-Z-BOY INC

Technical Rating and Analysis

Taking everything into account, LZB scores 0 out of 10 in our technical rating. LZB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, LZB is a bad performer in the overall market: 88% of all stocks are doing better.

LZB is one of the lesser performing stocks in the Household Durables industry. 67% of 63 stocks in the same industry do better.

LZB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month LZB has a been trading in the 31.42 - 35.53 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of LZB is bad and it also does not present a quality setup 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

31.15

40.43

We found 1 important support area.

A support zone ranging from 31.46 to 31.46. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 32.88 to 32.94. 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 34.82 to 35.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 40.00 to 40.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for LZB is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LZB is down.
ChartMill Relative Strength	12.74	NEGATIVE	LZB has a low relative strength, it was outperformed by 87.26% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LZB is below 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	NEGATIVE	The current price of LZB is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.22	NEUTRAL	The RSI value for LZB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests LZB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.79	OVERSOLD	The low Stochastics value suggests LZB may be oversold.
Average True Range in percent/ATR (20)	2.45	MEDIUM VOLATILITY	The ATR as a percentage value for LZB suggests some volalility.
Average Directional Index/ADX (14)	18.81	NEGATIVE	The low ADX value for LZB suggests a weak or negative trend.