Technical Analysis: LII's stock has shown a bearish trend in recent trading sessions, falling from $644.20 to $613.96 last week. The stock is currently testing support levels around $610.
News Impact:
Price Forecast for Next Week: Based on technical indicators and recent news sentiment:
The stock is likely to remain under pressure due to:
Recommendation: SELL
The price of LII is predicted to go up 3.15%, based on the high correlation periods with SNX. The similarity of these two price pattern on the periods is 95.07%.
LII
SNX
Lennox is well positioned to benefit from elevated demand for more energy-efficient residential and commercial HVAC systems.
Reinvestment in new product development, manufacturing, and its distribution network should help the firm take share from competitors in residential and commercial markets.
Lennox employs a shareholder-friendly capital allocation strategy. Since 2010, it has returned approximately $4.8 billion to shareholders via dividends and share repurchases, and its dividend has risen at a 16% CAGR.
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