LOEWS CORP (L) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:L - US5404241086 - Common Stock
Taking everything into account, L scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, L is showing a nice and steady performance.
L has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 107.87. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
91.32
We found 4 important support areas.
- A support zone ranging from 102.70 to 103.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 97.80 to 99.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @95.89 from a horizontal line in the daily time frame.
- Support @92.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 107.87 to 108.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for L is up. |
| ChartMill Relative Strength | 80.46 | POSITIVE | L has a high relative strength, it outperformed 80.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of L is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.12 | NEUTRAL | The RSI value for L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.61 | OVERBOUGHT | The high Stochastics value suggests L may be overbought. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for L suggests low volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for L suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 108.27 | 102.82 | 5.46 (5.04%) | 19.85% |
| An entry @108.27. This is a Buy Stop order right above the resistance zone. | An exit @102.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.46 points, which is 5.04%. | For a 1.00% total portfolio risk, you can invest 19.85% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
107.33
-0.18 (-0.17%)
LOEWS CORP / L FAQ
What is the technical rating for L stock?
ChartMill assigns a technical rating of 10 / 10 to L.
What is the trend direction for L stock?
The current trend direction for LOEWS CORP (L) is Bullish.
What is the RSI signal for L stock?
LOEWS CORP (L) has an RSI value of 60.1165. This indicates that the stock is currently neutral.
Can you provide the short term momentum for LOEWS CORP?
The short term momentum for LOEWS CORP (L) is positive.
Can you provide the buy/sell signal for LOEWS CORP?
The buy/sell signal for LOEWS CORP (L) is buy as both the short term and long term trends are positive.