Learn to Evaluate (LGIH) using the Charts
November 24, 2024, 06:24 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LGIH
- Buy LGIH near 100.18 target 115.13 stop loss @ 99.89 Details
The technical summary data tells us to buy LGIH near 100.18 with an upside target of 115.13. This data also tells us to set a stop loss @ 99.89 to protect against excessive loss in case the stock begins to move against the trade. 100.18 is the first level of support below 105.82 , and by rule, any test of support is a buy signal. In this case, support 100.18 is being tested, a buy signal would exist.
- Short LGIH slightly under 115.13, target 100.18, stop loss @ 115.46 Details
The technical summary data is suggesting a short of LGIH as it gets near 115.13 with a downside target of 100.18. We should have a stop loss in place at 115.46though. 115.13 is the first level of resistance above 105.82, and by rule, any test of resistance is a short signal. In this case, if resistance 115.13 is being tested, a short signal would exist.
Swing Trading Plans for LGIH
- Buy LGIH slightly over 115.13, target n/a, Stop Loss @ 114.8 Details
If 115.13 begins to break higher, the technical summary data tells us to buy LGIH just slightly over 115.13, with an upside target of n/a. The data also tells us to set a stop loss @ 114.8 in case the stock turns against the trade. 115.13 is the first level of resistance above 105.82, and by rule, any break above resistance is a buy signal. In this case, 115.13, 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 115.13, target 102.2, Stop Loss @ 115.46. Details
The technical summary data is suggesting a short of LGIH if it tests 115.13 with a downside target of 102.2. We should have a stop loss in place at 115.46 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, 115.13, 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 115.13, target n/a, Stop Loss @ 114.86 Details
If 115.13 begins to break higher, the technical summary data tells us to buy LGIH just slightly over 115.13, with an upside target of n/a. The data also tells us to set a stop loss @ 114.86 in case the stock turns against the trade. 115.13 is the first level of resistance above 105.82, and by rule, any break above resistance is a buy signal. In this case, 115.13, 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 115.13, target 103.16, Stop Loss @ 115.4. Details
The technical summary data is suggesting a short of LGIH if it tests 115.13 with a downside target of 103.16. We should have a stop loss in place at 115.4 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, 115.13, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Lgi Homes Inc. (LGIH) available here: LGIH.
LGIH Ratings for November 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
85.9 |
| P2 |
99.52 |
98.38 |
100.18 |
| P3 |
103.16 |
102.2 |
115.13 |
AI Generated Signals for LGIH
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Lgi Homes Inc. (NASDAQ: LGIH) report below can help you understand how to do this. The trading plans for LGIH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LGIH:
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