LII - Lennox International Inc Fri 24'th Mar 2017
Lennox International Inc Stock Analysis
Stock analysis for Fri 24'th Mar 2017 (Updated daily) Sell candidate since 2017-03-24
Lennox International Inc fell by -0.56% in the last day, from USD 170.60 to USD 169.64. The price has risen in 6 of the last 10 days days and is up by 1.4% over the past 2 weeks. Volume increased in the last day by 37 669 shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 183 243 shares bought and sold for approximately USD 31.09 million.
Lennox International Inc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.0% during the next 3 months and, with 90% probability hold a price between USD 189.78 and USD 204.63 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday March 16, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Lennox International Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 170.66. On a fall, the stock will find some support from the long-term average at approximately USD 165.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Lennox International Inc finds support from accumulated volume at USD 167.71, USD 164.62, and USD 162.53. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 172.03, USD 172.11 and USD 171.66.
The stock is about to test the resistance from accumulated volume at USD 172.03 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 2.75 (1.63%) between high and low. For the last week, the stock has had a daily average volatility of 1.84%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Lennox International Inc holds several negative signals and we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.