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- 11/22/2024 -
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Lincoln National (LNC) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought area
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was a fourth consecutive positive week for the Lincoln National (LNC). During the week, the LNC climbed 0.16 points, or 0.46%, and closed at 35.30 on Friday, November 22, 2024. Weekly volume was -54% below average.

LNC 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 LNC long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 86.68 and reached 16.11 on March 23, 2020. LNC lost 70.57 points, or 81.41%, in 112 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 19.68 and resistance is at 70.20. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.

Medium-term trend: [See LNC medium-term trend chart]
A medium-term uptrend had started on May 10, 2023 at 18.50 and reached 36.98 on November 6, 2024. LNC gained -18.48 points, or -99.89%, in 78 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 29.43 and resistance is at 38.78. 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 medium-term trend.

Weekly Technical Indicators: [See LNC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since October 18, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See LNC short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 28.01 and reached 36.98 on November 6, 2024. LNC gained -8.97 points, or -32.02%, in 56 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 34.49 and resistance is at 38.09. 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 short-term trend.

Daily Technical Indicators: [See LNC daily technical indicators chart]
Daily technical indicators are neutral.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.85
Williams' Percentage Range (W%R) 49.10
Lane's Stochastic (%D-Slow) 24.18
Greed/Fear Indicator (GFI) 45.33
Moving Average Converg./Diverg. (MACD) 0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.95
Williams' Percentage Range (W%R) 25.30
Lane's Stochastic (%D-Slow) 75.73
Greed/Fear Indicator (GFI) 68.38
Moving Average Converg./Diverg. (MACD) 0.93
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 38.78
Weekly Trendline Resistance 38.09
Parabolic System 36.84
Upper Bollinger Band 36.71
Price 35.30
Weekly Stochastic Crossing 35.29
Daily Stochastic Crossing 34.59
20 Day Moving Average 34.53
Weekly Trendline Support 34.49
50 Day Moving Average 32.91
Lower Bollinger Band 32.09
Quarterly Trendline Support 29.43
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Multi-line Insurance 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.98
High Date 11/06/2024
Low 33.95
Low Date 11/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 38.09
Support 34.49
Low 28.01
Low Date 09/11/2024
High 36.98
High Date 11/06/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.75
Low Date 08/05/2024
High 36.98
High Date 11/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 38.78
Support 29.43
Low 18.50
Low Date 05/10/2023
High 36.98
High Date 11/06/2024
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 70.20
Support 19.68
High 86.68
High Date 01/29/2018
Low 16.11
Low Date 03/23/2020
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.