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Hotels, Resorts & Cruise Lines Industry Stocks Technical Analysis - LNCArchive - 4/19/2024 - Sign In to see current Signals. |
Lincoln National (LNC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Lincoln National (LNC). During the week, the LNC dropped -0.63 points, or -2.23%, and closed at 27.65 on Friday, April 19, 2024. Weekly volume was -30% 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 November 3, 2021 at 77.57 and reached 18.50 on May 10, 2023. LNC lost 59.07 points, or 76.15%, in 79 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (23.07) 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 long-term trend. Medium-term trend: [See LNC medium-term trend chart] A medium-term uptrend had started on November 2, 2023 at 20.85 and reached 32.43 on March 28, 2024. LNC gained -11.58 points, or -55.54%, in 21 weeks. The price is now at the 41.28% retracement level. Weekly Technical Indicators: [See LNC weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 9, 2024 at 25.09 and reached 32.43 on March 28, 2024. LNC gained -7.34 points, or -29.25%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 26.62 and resistance is at 34.59. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend. Daily Technical Indicators: [See LNC daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help. The daily MACD line is below its signal line since April 8, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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.
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