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Objective long/short (LGIH) Report

Longer Term Trading Plans for LGIH
  • Buy LGIH slightly over 99.63 target 115.28 stop loss @ 99.34 Details
  • The technical summary data tells us to buy LGIH near 99.63 with an upside target of 115.28. This data also tells us to set a stop loss @ 99.34 to protect against excessive loss in case the stock begins to move against the trade. 99.63 is the first level of support below 105.36 , and by rule, any test of support is a buy signal. In this case, support 99.63 would be being tested, so a buy signal would exist.

  • Short LGIH slightly under 115.28, target 99.63, stop loss @ 115.61 Details
  • The technical summary data is suggesting a short of LGIH as it gets near 115.28 with a downside target of 99.63. We should have a stop loss in place at 115.61though. 115.28 is the first level of resistance above 105.36, and by rule, any test of resistance is a short signal. In this case, if resistance 115.28 is being tested, so a short signal would exist.

Swing Trading Plans for LGIH
  • Buy LGIH slightly over 111.35, target 115.28, Stop Loss @ 111.03 Details
  • If 111.35 begins to break higher, the technical summary data tells us to buy LGIH just slightly over 111.35, with an upside target of 115.28. The data also tells us to set a stop loss @ 111.03 in case the stock turns against the trade. 111.35 is the first level of resistance above 105.36, and by rule, any break above resistance is a buy signal. In this case, 111.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LGIH slightly near 111.35, target 99.63, Stop Loss @ 111.67. Details
  • The technical summary data is suggesting a short of LGIH if it tests 111.35 with a downside target of 99.63. We should have a stop loss in place at 111.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 111.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LGIH
  • Buy LGIH slightly over 107.57, target 111.35, Stop Loss @ 107.32 Details
  • If 107.57 begins to break higher, the technical summary data tells us to buy LGIH just slightly over 107.57, with an upside target of 111.35. The data also tells us to set a stop loss @ 107.32 in case the stock turns against the trade. 107.57 is the first level of resistance above 105.36, and by rule, any break above resistance is a buy signal. In this case, 107.57, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LGIH slightly near 107.57, target 99.63, Stop Loss @ 107.82. Details
  • The technical summary data is suggesting a short of LGIH if it tests 107.57 with a downside target of 99.63. We should have a stop loss in place at 107.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 107.57, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Lgi Homes Inc. (LGIH) Page here: LGIH.

LGIH Ratings for April 03:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 99.63
P2 107.57 111.35 115.28
P3 113.69 117.68 130.76
Triggers may have already come
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Support and Resistance Plot Chart for LGIH

LGIH Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Lgi Homes Inc. (NASDAQ: LGIH) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LGIH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LGIH is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LGIH too.  All of these are offered below the Summary Table.