LGIH Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
LGI Homes has recently launched new communities, including Stoneridge Hills in Rock Hill, SC, and two communities in Atlanta, GA. These expansions indicate positive growth and revenue potential for LGIH. However, insider selling by the CEO and mixed institutional investor sentiment may signal caution.
Technical Indicators:
- RSI: 36.24 (oversold, potential buy signal)
- MACD: Negative, indicating bearish momentum
- StochRSI: Rising, suggesting a possible reversal
- Fibonacci Levels: Resistance at 76.32, Support at 67.60
Price Prediction:
Based on the analysis, LGIH is expected to trade between $67.60 and $76.32 next week. The stock may see a slight increase due to positive news but could face resistance at higher levels.
Recommendation:
Sell if the stock approaches the resistance level of $76.32, as the technical indicators suggest a potential pullback.
Conclusion
LGIH is predicted to trade between $67.60 and $76.32 next week. Consider selling near the upper resistance level due to bearish technical signals despite positive news.
LGIH Similar Chart Price Prediction
The price of LGIH is predicted to go up -6.35%, based on the high correlation periods with FUL. The similarity of these two price pattern on the periods is 98.68%.
LGIH
FUL
Down: -6.35%Similarity: 98.68%
LGIH Revenue Forecast
LGIH EPS Forecast
LGIH FAQs
What is LGIH revenue forecast for next quarter？
What is LGIH eps forecast for next quarter？
LGIH Analyst's Forecast
Aaron Hecht
Citizens Capital Markets
Buy
2025-02-26
Price Target
$160 → $140
Upside
+84.65%
Citizens JMP analyst Aaron Hecht lowered the firm's price target on LGI Homes to $140 from $160 and keeps an Outperform rating on the shares following the Q4 results. LGI Homes has been challenged by high interest rates and a lack of affordability, and while affordability issues are likely to persist in 2025, the company will continue to lean into incentives to help qualify buyers, at the detriment of the profitability and margins, the analyst tells investors in a research note. The firm believes that incremental improvement to the selling environment should combine with continued expansion in community count into the out years to ramp earnings and drive the stock higher.
Michael Rehaut
JP Morgan
Sell
2024-12-13
Price Target
$100 → $82
Downside
-17.88%
