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Advanced TA SearchArchive
- 4/5/2024 -
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Lamb Westo (LW) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Lamb Westo (LW). During the week, the LW dropped -26.75 points, or -25.11%, and closed at 79.78 on Friday, April 5, 2024. Weekly volume was 411% above average.
 Long-term trend: [See LW long-term trend chart]
A long-term uptrend had started on March 14, 2022 at 49.71 and reached 117.38 on July 25, 2023. LW gained -67.67 points, or -136.13%, in 71 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (90.68) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. LW may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
 Medium-term trend: [See LW medium-term trend chart]
A medium-term downtrend had started on January 4, 2024 at 111.88 and reached 78.76 on April 5, 2024. LW lost 33.12 points, or 29.60%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (97.44) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See LW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See LW short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 107.50 and reached 78.76 on April 5, 2024. LW lost 28.74 points, or 26.73%, in 8 days. Price is near the trend low.
 Daily Technical Indicators: [See LW daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. Use the following link to access Relative Strength Index help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (34.95%) is close to one year high (22.40%). It is 273.92% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell 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.
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