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Multi-line Insurance Industry Stocks Technical Analysis - L

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- 5/8/2026 -
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Loblaw Companies Limited (L) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend support at 104.60
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldMACD bullish divergencePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Loblaw Companies Limited (L). During the week, the L dropped -7.20 points, or -6.45%, and closed at 104.50 on Friday, May 8, 2026. Weekly volume was 31% above average.

L is a member of Financials Sector. Financials 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 L long-term trend chart]
A long-term uptrend had started on May 14, 2020 at 27.33 and reached 114.90 on February 9, 2026. L gained -87.57 points, or -320.42%, in 299 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (81.40) 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 L medium-term trend chart]
A medium-term uptrend had started on September 26, 2022 at 49.36 and reached 114.90 on February 9, 2026. L gained -65.54 points, or -132.78%, in 176 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (104.60) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

The weekly MACD line is below its signal line since March 6, 2026. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See L short-term trend chart]
A short-term downtrend had started on May 1, 2026 at 113.84 and reached 103.03 on May 4, 2026. L lost 10.81 points, or 9.50%, in 3 days. The price is now at the 13.60% retracement level.

Daily Technical Indicators: [See L 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. Daily MACD has bullish 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 bullish 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

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) 33.23
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 19.22
Oversold
Greed/Fear Indicator (GFI) 22.36
Moving Average Converg./Diverg. (MACD) 0.02 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.32
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 61.60
Greed/Fear Indicator (GFI) 44.02
Moving Average Converg./Diverg. (MACD) 2.86
Trading Signals
Description Value Chart
Monthly Trendline Resistance 117.24
Upper Bollinger Band 113.94
Quarterly Trendline Resistance 112.83
Weekly Stochastic Crossing 110.03
20 Day Moving Average 109.64
Parabolic System 109.16
50 Day Moving Average 108.78
Monthly Trendline Support 107.70
Daily Stochastic Crossing 105.10
Quarterly Trendline Support 104.60
Price 104.50
Lower Bollinger Band 103.01
Sector and Industry
Description Name Rank
Sector Financials 8
Industry Multi-line Insurance 61
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.84
High Date 05/01/2026
Low 103.03
Low Date 05/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.64
Low Date 03/27/2026
High 113.84
High Date 05/01/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 117.24
Support 107.70
Low 52.84
Low Date 03/24/2023
High 114.90
High Date 02/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 112.83
Support 104.60
Low 49.36
Low Date 09/26/2022
High 114.90
High Date 02/09/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 73.45
Support 81.40
Low 27.33
Low Date 05/14/2020
High 114.90
High Date 02/09/2026
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.