Wed 26'th Apr 2017
Lennox International Inc Stock Analysis
Technical stock analysis for Wed 26'th Apr 2017
Sell candidate since 2017-04-26
Lennox International Inc lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 166.56 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.1% during the next 3 months and, with 90% probability hold a price between USD 176.67 and USD 187.48 at the end of this period.
There are few to none technical positive signals at the moment. Lennox International Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at USD 168.76 and USD 168.18. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday April 21, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Lennox International Inc finds support from accumulated volume at USD 164.62, USD 162.53, and USD 160.30. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 167.71, USD 168.32 and USD 168.87.
The stock is about to test the resistance from accumulated volume at USD 167.71 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 3.71 (2.23%) between high and low. For the last week, the stock has had a daily average volatility of 3.09%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
The stock stock holds several negative signals and despite the positive trend we believe Lennox International Inc will perform weak in the next couple of days or weeks. Therefore, we 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.