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Downtrend Broken Resist.Archive
- 7/19/2024 -
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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 second consecutive positive week for the Linens 'n Things Inc. (LIN). During the week, the LIN climbed 4.05 points, or 0.92%, and closed at 444.75 on Friday, July 19, 2024. Weekly volume was -15% below 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 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 trend support level is at 431.13 and resistance is at 484.23. 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 long-term trend.
 Medium-term trend: [See LIN medium-term trend chart]
A medium-term downtrend had started on March 13, 2024 at 477.71 and reached 413.61 on May 2, 2024. LIN lost 64.10 points, or 13.42%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (427.86) 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 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 April 19, 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 July 2, 2024 at 424.63 and reached 451.76 on July 17, 2024. LIN gained -27.13 points, or -6.39%, in 15 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 438.26 and resistance is at 455.71. 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 LIN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 11, 2024. This is an indication that the short-term trend is up.
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