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Multi-line Insurance Industry Stocks Technical Analysis - LArchive
- 6/6/2025 -
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Loblaw Companies Limited (L) Technical Analysis
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| Summary:
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| | It was the negative week for the Loblaw Companies Limited (L). During the week, the L gave back -0.15 points, or -0.17%, and closed at 89.14 on Friday, June 6, 2025. Weekly volume was -10% below average.
L 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 L long-term trend chart]
A long-term uptrend had started on September 26, 2022 at 49.36 and reached 92.42 on April 1, 2025. L gained -43.06 points, or -87.24%, in 131 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 83.84 and resistance is at 94.93. 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 L medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 52.84 and reached 92.42 on April 1, 2025. L gained -39.58 points, or -74.91%, in 105 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 81.06 and resistance is at 94.76. 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 medium-term trend.
 Weekly Technical Indicators: [See L weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See L short-term trend chart]
A short-term uptrend had started on May 23, 2025 at 86.82 and reached 89.79 on June 3, 2025. L gained -2.97 points, or -3.42%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See L daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.
The daily MACD line is below its signal line since June 3, 2025. The distance between MACD and the signal line is low, but getting bigger.
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.
The distance between the Bollinger Bands (3.05%) is close to one year low (3.18%). It is 58.30% 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.
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