The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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Lowe's Cos.
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal lineTrend resistance at 99.96
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergenceThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a first positive week for the Lowe's Cos. (LOW). During the week, the LOW gained 4.39 points, or 4.58%, and closed at 100.22 on Friday, June 08, 2018. Weekly volume was -37% below average.

LOW is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See LOW long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 13.00 and reached 108.98 on January 25, 2018. LOW gained -95.98 points, or -738.31%, in 463 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (99.96). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See LOW medium-term trend chart]
A medium-term uptrend had started on August 23, 2017 at 70.76 and reached 108.98 on January 25, 2018. LOW gained -38.22 points, or -54.01%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 83.02 and resistance is at 141.09. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See LOW weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See LOW short-term trend chart]
A short-term uptrend had started on May 31, 2018 at 94.86 and reached 100.30 on June 8, 2018. LOW gained -5.44 points, or -5.73%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See LOW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 3, 2018. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 101.23% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.94
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 95.66
Strong Overbought
Greed/Fear Indicator (GFI) 88.91
Overbought
Moving Average Converg./Diverg. (MACD) 2.90 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.21
Williams' Percentage Range (W%R) 35.50
Lane's Stochastic (%D-Slow) 70.32
Greed/Fear Indicator (GFI) 64.51
Moving Average Converg./Diverg. (MACD) 0.78
Trading Signals
Description Value Chart
Upper Bollinger Band 104.59
Price 100.22
Daily Stochastic Crossing 100.05
Yearly Trendline Resistance 99.96
Parabolic System 97.70
Weekly Stochastic Crossing 96.31
20 Day Moving Average 92.76
50 Day Moving Average 88.15
Quarterly Trendline Support 83.02
Lower Bollinger Band 82.75
Sector and Industry
Description Name Rank
Sector Services 8
Industry Home Improvement Stores 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.86
Low Date 05/31/2018
High 100.30
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.16
Low Date 05/01/2018
High 100.30
High Date 06/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 71.34
Support 78.48
High 108.98
High Date 01/25/2018
Low 81.16
Low Date 05/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 141.09
Support 83.02
Low 70.76
Low Date 08/23/2017
High 108.98
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 99.96
Support 78.05
Low 13.00
Low Date 03/09/2009
High 108.98
High Date 01/25/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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