The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Lowe's Cos.
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Summary:
Weekly :Stochastic signal line moved below overbought areaTrend resistance at 106.76Broken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Lowe's Cos. (LOW). During the week, the LOW dropped -5.72 points, or -5.09%, and closed at 106.64 on Friday, May 10, 2019. Weekly volume was -27% below average.

Long-term trend: [See LOW long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 13.00 and reached 118.23 on April 17, 2019. LOW gained -105.23 points, or -809.46%, in 527 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (106.76). 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 November 20, 2018 at 84.75 and reached 118.23 on April 17, 2019. LOW gained -33.48 points, or -39.50%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (108.11) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. LOW may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See LOW weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 8, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See LOW short-term trend chart]
A short-term downtrend had started on May 3, 2019 at 113.13 and reached 103.75 on May 10, 2019. LOW lost 9.38 points, or 8.29%, in 7 days. The price is now at the 30.81% retracement level.

Daily Technical Indicators: [See LOW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 18, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 25.27
Williams' Percentage Range (W%R) 86.60
Oversold
Lane's Stochastic (%D-Slow) 19.02
Oversold
Greed/Fear Indicator (GFI) 19.23
Oversold
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.17
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 76.33
Greed/Fear Indicator (GFI) 63.86
Moving Average Converg./Diverg. (MACD) 2.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 121.40
Upper Bollinger Band 117.22
Weekly Stochastic Crossing 113.00
20 Day Moving Average 112.35
Monthly Trendline Resistance 110.10
Monthly Trendline Support 109.93
Parabolic System 108.77
50 Day Moving Average 108.75
Quarterly Trendline Support 108.11
Yearly Trendline Resistance 106.76
Price 106.64
Daily Stochastic Crossing 105.36
Lower Bollinger Band 103.81
Yearly Trendline Support 87.13
Sector and Industry
Description Name Rank
Sector Services 7
Industry Home Improvement Stores 110
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.13
High Date 05/03/2019
Low 103.75
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.13
High Date 05/03/2019
Low 103.75
Low Date 05/10/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 110.10
Support 109.93
High 118.23
High Date 04/17/2019
Low 103.75
Low Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 121.40
Support 108.11
Low 84.75
Low Date 11/20/2018
High 118.23
High Date 04/17/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 106.76
Support 87.13
Low 13.00
Low Date 03/09/2009
High 118.23
High Date 04/17/2019
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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