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Hotels, Resorts & Cruise Lines Industry Stocks Technical Analysis - LNC

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- 3/15/2024 -
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Lincoln National (LNC) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceBullish Piercing Line CandlestickThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
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It was a first positive week for the Lincoln National (LNC). During the week, the LNC climbed 0.02 points, or 0.07%, and closed at 27.09 on Friday, March 15, 2024. Weekly volume was -35% 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 (22.60) 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 May 10, 2023 at 18.50 and reached 29.22 on August 3, 2023. LNC gained -10.72 points, or -57.95%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 22.60 and resistance is at 28.48. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

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 downtrend had started on February 15, 2024 at 28.25 and reached 25.60 on March 5, 2024. LNC lost 2.65 points, or 9.38%, in 19 days. The chart has formed a Broadening Descending Wedge chart pattern.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (27.27) comes close to the price (27.09). It indicates that the trend is getting weaker. 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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (6.05%) is close to one year low (6.61%). It is 64.89% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Price is close to the 50 Day Moving Average. 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.

Candlestick pattern: [See LNC candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.45
Williams' Percentage Range (W%R) 61.00
Lane's Stochastic (%D-Slow) 66.59
Greed/Fear Indicator (GFI) 52.33
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.02
Williams' Percentage Range (W%R) 27.50
Lane's Stochastic (%D-Slow) 57.63
Greed/Fear Indicator (GFI) 59.92
Moving Average Converg./Diverg. (MACD) 0.34
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 28.48
Upper Bollinger Band 27.87
Monthly Trendline Resistance 27.69
50 Day Moving Average 27.29
Parabolic System 27.27
Price 27.09
Weekly Stochastic Crossing 27.07
20 Day Moving Average 27.06
Daily Stochastic Crossing 27.03
Monthly Trendline Support 26.61
Lower Bollinger Band 26.21
Yearly Trendline Support 22.60
Quarterly Trendline Support 22.60
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Multi-line Insurance 94
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 28.25
High Date 02/15/2024
Low 25.60
Low Date 03/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.64
High Date 01/26/2024
Low 25.09
Low Date 02/09/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 27.69
Support 26.61
Low 20.85
Low Date 11/02/2023
High 28.64
High Date 01/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 28.48
Support 22.60
Low 18.50
Low Date 05/10/2023
High 29.22
High Date 08/03/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 12.11
Support 22.60
High 77.57
High Date 11/03/2021
Low 18.50
Low Date 05/10/2023
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.