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Advanced TA SearchArchive
- 4/5/2024 -
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Lowe's Cos. (LOW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Lowe's Cos. (LOW). During the week, the LOW dropped -15.41 points, or -6.05%, and closed at 239.32 on Friday, April 5, 2024. Weekly volume was -7% below average.
 Long-term trend: [See LOW long-term trend chart]
A long-term uptrend had started on June 22, 2022 at 170.12 and reached 262.49 on March 22, 2024. LOW gained -92.37 points, or -54.30%, in 91 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See LOW medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 181.85 and reached 262.49 on March 22, 2024. LOW gained -80.64 points, or -44.34%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 229.10 and resistance is at 269.13. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 December 8, 2023. 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 uptrend had started on January 25, 2024 at 209.55 and reached 262.49 on March 22, 2024. LOW gained -52.94 points, or -25.26%, in 57 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (259.39) 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 short-term trend.
 Daily Technical Indicators: [See LOW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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 March 27, 2024. The distance between MACD and the signal line is near its high and getting bigger.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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