The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

Linens 'n Things Inc. (LIN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was a seventh positive week after 5 consecutive negative weeks for the Linens 'n Things Inc. (LIN). During the week, the LIN gained 5.68 points, or 1.23%, and closed at 468.23 on Friday, March 15, 2024. Weekly volume was 384% above average.

LIN is a member of Materials Sector. Materials 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 LIN long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 262.47 and reached 477.71 on March 13, 2024. LIN gained -215.24 points, or -82.01%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (390.13) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 LIN medium-term trend chart]
A medium-term uptrend had started on February 5, 2024 at 396.07 and reached 477.71 on March 13, 2024. LIN gained -81.64 points, or -20.61%, in 5 weeks. The price is now at the 11.61% retracement level.

Weekly Technical Indicators: [See LIN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 9, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 LIN short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 477.71 and reached 466.38 on March 15, 2024. LIN lost 11.33 points, or 2.37%, in 2 days. The price is now at the 16.33% retracement level.

Daily Technical Indicators: [See LIN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since February 5, 2024. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.71
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 81.98
Overbought
Greed/Fear Indicator (GFI) 81.95
Overbought
Moving Average Converg./Diverg. (MACD) 12.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 91.66
Strong Overbought
Williams' Percentage Range (W%R) 4.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.97
Overbought Bearish
Greed/Fear Indicator (GFI) 84.00
Overbought
Moving Average Converg./Diverg. (MACD) 13.52
Trading Signals
Description Value Chart
Upper Bollinger Band 479.88
Parabolic System 478.19
Daily Stochastic Crossing 474.18
Weekly Stochastic Crossing 473.81
Price 468.23
20 Day Moving Average 455.33
Yearly Trendline Resistance 440.89
Lower Bollinger Band 428.95
50 Day Moving Average 427.91
Yearly Trendline Support 390.13
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Industrial Gases 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 477.71
High Date 03/13/2024
Low 466.38
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 477.71
High Date 03/13/2024
Low 466.38
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 477.71
High Date 03/13/2024
Low 466.38
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 396.07
Low Date 02/05/2024
High 477.71
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 440.89
Support 390.13
Low 262.47
Low Date 09/27/2022
High 477.71
High Date 03/13/2024
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.