LOEWS CORP (L) Stock Technical Analysis
NYSE:L - New York Stock Exchange, Inc. - US5404241086 - Common Stock - Currency: USD
Taking everything into account, L scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, L has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that L is one of the better performing stocks in the market, outperforming 70% of all stocks. On top of that, L also shows a nice and consistent pattern of rising prices.
L is part of the Insurance industry. There are 143 other stocks in this industry. L outperforms 82% of them.
L is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month L has a been trading in a tight range between 89.32 and 94.62.
Although L has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
80.08
95.02
4 important support areas can be observed.
- A support zone ranging from 89.42 to 91.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 87.05 to 87.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @84.47 from a trend line in the daily time frame.
- A support zone ranging from 80.89 to 81.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 93.78 to 94.08. 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 | 70.07 | POSITIVE | L has a high relative strength, it outperformed 70.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of L is above the rising 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) | 60.71 | NEUTRAL | The RSI value for L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests L has a positive trend. |
| Stochastics (14,3) | 82.52 | OVERBOUGHT | The high Stochastics value suggests L may be overbought. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for L suggests low volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for L suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 94.09 | 89.31 | 4.78 (5.08%) | 19.68% |
| An entry @94.09. This is a Buy Stop order right above the resistance zone. | An exit @89.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.78 points, which is 5.08%. | When investing 19.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
93.77
+0.54 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.58%
1 Week3.85%
2 Weeks2.3%
1 Month3.51%
3 Month6.07%
6 Month8.07%
12 Month20.4%
2 Year51.02%
3 Year69.54%
5 Year161.49%
10 Year157.26%
15 Year166.85%
Volatility
ATR(14)1.38
ATR(20)%1.51%
ATR Inc-10.76%
Range Today0.89
ADR(20)1.36
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.07
Mansfield0.09
10 Day High94.62
10 Day Low89.32
20 Day High94.62
20 Day Low89.32
52 Week High94.62
52 Week Low75.16
CS1 End91.98
CR1 Start93.78
Volume & EV
DER(3)1.26%
DER(5)1.9%
Volume536.60K
Volume Incr-13.46%
Vol(5)700.90K
Vol(50)844.77K