Will LINCOLN NATIONAL CORP Break Out? A Technical Analysis Perspective.

Our stockscreener has identified a possible breakout setup on LINCOLN NATIONAL CORP (NYSE:LNC). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:LNC for potential opportunities.

In-Depth Technical Analysis of NYSE:LNC

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, LNC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LNC is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• In the last month LNC has a been trading in the 26.05 - 28.56 range, which is quite wide. It is currently trading near the high of this range.
• When comparing the performance of all stocks over the past year, LNC turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
• LNC is part of the Insurance industry. There are 141 other stocks in this industry, LNC did better than 44% of them.
• LNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LNC is lagging the market.

Our latest full technical report of LNC contains the most current technical analsysis.

How do we evaluate the setup for NYSE:LNC?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NYSE:LNC is 10:

LNC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LNC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

Trading setups like NYSE:LNC

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

More breakout setups can be found in our Breakout screener.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.