(LII) Investment Analysis

February 17, 2024, 13:00 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LII

• Buy LII slightly over 424.15 target 453.43 stop loss @ 422.93 Details

The technical summary data tells us to buy LII near 424.15 with an upside target of 453.43. This data also tells us to set a stop loss @ 422.93 to protect against excessive loss in case the stock begins to move against the trade. 424.15 is the first level of support below 448.41 , and by rule, any test of support is a buy signal. In this case, support 424.15 would be being tested, so a buy signal would exist.

• Short LII slightly under 453.43, target 424.15, stop loss @ 454.74 Details

The technical summary data is suggesting a short of LII as it gets near 453.43 with a downside target of 424.15. We should have a stop loss in place at 454.74though. 453.43 is the first level of resistance above 448.41, and by rule, any test of resistance is a short signal. In this case, if resistance 453.43 is being tested, so a short signal would exist.

Swing Trading Plans for LII

• Buy LII slightly over 453.43, target 460.55, Stop Loss @ 452.12 Details

If 453.43 begins to break higher, the technical summary data tells us to buy LII just slightly over 453.43, with an upside target of 460.55. The data also tells us to set a stop loss @ 452.12 in case the stock turns against the trade. 453.43 is the first level of resistance above 448.41, and by rule, any break above resistance is a buy signal. In this case, 453.43, 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 LII slightly near 453.43, target 440.39, Stop Loss @ 454.74. Details

The technical summary data is suggesting a short of LII if it tests 453.43 with a downside target of 440.39. We should have a stop loss in place at 454.74 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, 453.43, 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 LII

• Buy LII slightly over 449.28, target 453.43, Stop Loss @ 448.23 Details

If 449.28 begins to break higher, the technical summary data tells us to buy LII just slightly over 449.28, with an upside target of 453.43. The data also tells us to set a stop loss @ 448.23 in case the stock turns against the trade. 449.28 is the first level of resistance above 448.41, and by rule, any break above resistance is a buy signal. In this case, 449.28, 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 LII slightly near 449.28, target 440.39, Stop Loss @ 450.33. Details

The technical summary data is suggesting a short of LII if it tests 449.28 with a downside target of 440.39. We should have a stop loss in place at 450.33 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, 449.28, 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 Lennox International Inc. (LII) available here: LII.

LII Ratings for February 17:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	424.15
P2	433.74	440.39	453.43
P3	449.28	460.55	480.34

AI Generated Signals for LII

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With an objective approach to Lennox International Inc. (NYSE: LII), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LII 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 LII too.  All of these are offered below the Summary Table.