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Archive
- 4/26/2024 -
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Lowe's Cos. (LOW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Lowe's Cos. (LOW). During the week, the LOW gave back -0.37 points, or -0.16%, and closed at 229.87 on Friday, April 26, 2024. Weekly volume was -28% below average.
 Long-term trend: [See LOW long-term trend chart]
A long-term uptrend had started on June 22, 2022 at 170.12 and reached 262.49 on March 22, 2024. LOW gained -92.37 points, or -54.30%, in 91 weeks. The price is now at the 35.31% retracement level.
 Medium-term trend: [See LOW medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 181.85 and reached 262.49 on March 22, 2024. LOW gained -80.64 points, or -44.34%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (242.67) 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. LOW 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 medium-term trend.
 Weekly Technical Indicators: [See LOW weekly technical indicators chart]
Weekly technical indicators are neutral.
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 LOW short-term trend chart]
A short-term downtrend had started on March 22, 2024 at 262.49 and reached 224.68 on April 25, 2024. LOW lost 37.81 points, or 14.40%, in 34 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (222.72) 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 short-term trend.
 Daily Technical Indicators: [See LOW daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 27, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the 20 Day Moving Average 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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