Lowe's Cos. (LOW)
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|It was a first positive week for the Lowe's Cos. (LOW). During the week, the LOW gained 1.37 points, or 1.23%, and closed at 112.95 on Friday, November 1, 2019. Weekly volume was 1390% above 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 uptrend resistance line (111.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
Medium-term trend: [See LOW medium-term trend chart]
A medium-term uptrend had started on May 29, 2019 at 91.60 and reached 115.96 on September 10, 2019. LOW gained -24.36 points, or -26.59%, in 14 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 92.04 and resistance is at 123.23. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See LOW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 23, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 21, 2019 at 113.81 and reached 109.19 on October 30, 2019. LOW lost 4.62 points, or 4.06%, in 9 days. The chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See LOW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 31, 2019. The distance between MACD and the signal line is low and getting smaller.
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 20 Day Moving Average 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.