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Archive
- 11/22/2024 -
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Linens 'n Things Inc. (LIN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Linens 'n Things Inc. (LIN). During the week, the LIN gained 5.70 points, or 1.27%, and closed at 454.80 on Friday, November 22, 2024. Weekly volume was 9% above average.
 Long-term trend: [See LIN long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 262.47 and reached 487.49 on October 17, 2024. LIN gained -225.02 points, or -85.73%, in 107 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (472.07) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See LIN medium-term trend chart]
A medium-term downtrend had started on October 17, 2024 at 487.49 and reached 439.80 on November 19, 2024. LIN lost 47.69 points, or 9.78%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (454.56). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See LIN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See LIN short-term trend chart]
A short-term uptrend had started on November 19, 2024 at 439.80 and reached 457.20 on November 22, 2024. LIN gained -17.40 points, or -3.96%, in 3 days. The price is now at the 13.79% retracement level.
Daily Technical Indicators: [See LIN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since October 23, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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