|
|
Uptrend Broken SupportArchive
- 12/13/2024 -
Sign In to see current Signals. |
Lamb Westo (LW) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the Lamb Westo (LW). During the week, the LW gained 1.74 points, or 2.24%, and closed at 79.27 on Friday, December 13, 2024. Weekly volume was 19% above average.
 Long-term trend: [See LW long-term trend chart]
A long-term downtrend had started on July 25, 2023 at 117.38 and reached 52.99 on July 25, 2024. LW lost 64.39 points, or 54.86%, in 52 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 38.63 and resistance is at 100.30. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See LW medium-term trend chart]
A medium-term uptrend had started on July 25, 2024 at 52.99 and reached 81.94 on November 11, 2024. LW gained -28.95 points, or -54.63%, in 15 weeks. The price is now at the 9.22% retracement level.
 Weekly Technical Indicators: [See LW 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 September 20, 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 LW short-term trend chart]
A short-term uptrend had started on November 8, 2024 at 79.84 and reached 81.94 on November 11, 2024. LW gained -2.10 points, or -2.63%, in 3 days. The price is now at the 127.14% retracement level.
Daily Technical Indicators: [See LW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 11, 2024. The distance between MACD and the signal line is low, but getting bigger.
The distance between the Bollinger Bands is falling, and it was 6.51% on Friday. It is 59.57% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|