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Downtrend ResistanceArchive - 3/15/2024 - Sign In to see current Signals. |
Lowe's Cos. (LOW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Lowe's Cos. (LOW). During the week, the LOW gained 2.78 points, or 1.15%, and closed at 244.73 on Friday, March 15, 2024. LOW was trading at average weekly trading volume. Long-term trend: [See LOW long-term trend chart] A long-term uptrend had started on June 22, 2022 at 170.12 and reached 248.55 on March 13, 2024. LOW gained -78.43 points, or -46.10%, in 90 weeks. Price is near the trend high. Medium-term trend: [See LOW medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 181.85 and reached 248.55 on March 13, 2024. LOW gained -66.70 points, or -36.68%, in 19 weeks. The price is now at the 5.73% retracement level. Weekly Technical Indicators: [See LOW weekly technical indicators chart] Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 248.55 on March 13, 2024. LOW gained -39.00 points, or -18.61%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 234.71 and resistance is at 254.51. 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 short-term trend. Daily Technical Indicators: [See LOW daily technical indicators chart] Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is above its signal line since February 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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