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Archive
- 1/24/2025 -
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Loblaw Companies Limited (L) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Loblaw Companies Limited (L). During the week, the L dropped -1.37 points, or -1.59%, and closed at 84.88 on Friday, January 24, 2025. Weekly volume was -11% below average.
L is a member of Financials Sector. Financials is the 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 September 26, 2022 at 49.36 and reached 87.45 on November 27, 2024. L gained -38.09 points, or -77.17%, in 113 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 78.64 and resistance is at 89.44. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See L medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 87.45 and reached 80.51 on January 13, 2025. L lost 6.94 points, or 7.94%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (80.36) is broken. A broken support is considered to be a long-term bullish signal. 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 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 January 3, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See L short-term trend chart]
A short-term uptrend had started on January 13, 2025 at 80.51 and reached 87.36 on January 21, 2025. L gained -6.85 points, or -8.51%, in 8 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See L daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since January 15, 2025. 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.
Price is close to the 50 Day Moving Average. 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.
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