LII - Lennox International Inc Tue 21'st Feb 2017
Strong Buy Candidate
Stock analysis for Tue 21'st Feb 2017 (Updated daily)
Buy candidate since 2017-02-21
Lennox International Inc Stock Analysis
Lennox International Inc gained 1.58% in the last trading day, rising from USD 162.53 to USD 165.09. The price has been going up and down for this period, and there has been a 4.93% gain for the last 2 weeks. Volume fell in the last day by -402 379 shares and ,in total, 329 203 shares bought and sold for approximately USD 54.35 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Lennox International Inc lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at USD 167.98 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.1% during the next 3 months and, with 90% probability hold a price between USD 159.86 and USD 176.60 at the end of this period.
Only positive signals in the chart today. Lennox International Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 162.74 and USD 156.22. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 17, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Lennox International Inc finds support from accumulated volume at USD 162.53, USD 160.17, and USD 157.19. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 167.71.
The stock is about to test the resistance at USD 167.71. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 2.55 (1.57%) between high and low. For the last week, the stock has had a daily average volatility of 3.04%.
Our recommended stoploss: USD 157.25 (-4.75%) ( criteria: risk and position in trend)
Lennox International Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at current levels and are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.