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Linens 'n Things Inc. (LIN) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Linens 'n Things Inc. (LIN). During the week, the LIN dropped -15.28 points, or -4.11%, and closed at 356.21 on Friday, May 26, 2023. It was the worst weekly loss since March 10, 2023. Weekly volume was -12% below average.
LIN is a member of Materials Sector. Materials is the second most oversold 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 373.58 on May 1, 2023. LIN gained -111.11 points, or -42.33%, in 30 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 352.57 and resistance is at 378.92. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
Medium-term trend: [See LIN medium-term trend chart]
A medium-term uptrend had started on January 5, 2023 at 302.17 and reached 373.58 on May 1, 2023. LIN gained -71.41 points, or -23.63%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 347.92 and resistance is at 378.73. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See LIN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 21, 2022. 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 LIN short-term trend chart]
A short-term downtrend had started on May 22, 2023 at 373.07 and reached 351.05 on May 24, 2023. LIN lost 22.02 points, or 5.90%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See LIN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 2, 2023. This is an indication that the short-term trend is down.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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