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Downtrend Broken Resist.Archive - 4/26/2024 - Sign In to see current Signals. |
Lincoln National (LNC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the Lincoln National (LNC). During the week, the LNC climbed 0.16 points, or 0.58%, and closed at 27.81 on Friday, April 26, 2024. Weekly volume was -46% 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 (23.16) 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 November 2, 2023 at 20.85 and reached 32.43 on March 28, 2024. LNC gained -11.58 points, or -55.54%, in 21 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level. 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 uptrend had started on February 9, 2024 at 25.09 and reached 32.43 on March 28, 2024. LNC gained -7.34 points, or -29.25%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern. Daily Technical Indicators: [See LNC daily technical indicators chart] Daily technical indicators are neutral. 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 link to access Lane's Stochastic help. The daily MACD line is below its signal line since April 8, 2024. The distance between MACD and the signal line is low and getting smaller. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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