Technical Setup: LIFE TIME GROUP HOLDINGS INC (NYSE:LTH) Appears Poised for a Breakout.

LIFE TIME GROUP HOLDINGS INC (NYSE:LTH) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:LTH.

Zooming in on the technicals.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Overall LTH gets a technical rating of 7 out of 10. In the last year, LTH was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, LTH did better than 97% of all other stocks. On top of that, LTH also shows a nice and consistent pattern of rising prices.
• LTH is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 95% of 136 stocks in the same industry.
• LTH is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so LTH slightly outperforms the market at the moment.
• In the last month LTH has a been trading in the 26.33 - 32.27 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of LTH for a complete technical analysis.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, LTH has a 7 as its setup rating:

Besides having an excellent technical rating, LTH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.67, a Stop Loss order could be placed below this zone.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Of course, there are many ways to trade or not trade LTH and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.