LOEWS CORP (L) Technical Analysis
NYSE:L • US5404241086
Current stock price
L Technical Rating and Analysis
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.
- Looking at the yearly performance, L did better than 71% of all other 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 147 other stocks in this industry. L outperforms 88% 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 the 105.60 - 113.84 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
L Weekly and Daily overview Charts
L Setup Rating and Analysis
Besides having an excellent technical rating, L also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 111.53, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
L Support and Resistance Analysis
95.59
5 important support areas can be observed.
- A support zone ranging from 108.59 to 111.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 106.05 to 106.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @104.06 from a horizontal line in the daily time frame.
- A support zone ranging from 101.41 to 101.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.56 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 111.71 to 112.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
L Technical Indicator Signal Analysis
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 | 71.11 | POSITIVE | L has a high relative strength, it outperformed 71.11% 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) | 56.05 | NEUTRAL | The RSI value for L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.8 | NEUTRAL | The Stochastics value for L is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for L suggests low volalility. |
| Average Directional Index/ADX (14) | 19.33 | NEGATIVE | The low ADX value for L suggests a weak or negative trend. |
L Chart- and CandleStick Pattern Analysis
L Example Setup
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 |
|---|---|---|---|
| 112.62 | 109.75 | 2.87 (2.55%) | 25.00% |
| An entry @112.62. This is a Buy Stop order right above the resistance zone. | An exit @109.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.87 points, which is 2.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of L. Please evaluate whether better entry and exit points can be found.
- 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.
L Technicals: Chart, Performance Metrics, Trend & Indicators
111.7
-0.91 (-0.81%)
LOEWS CORP / L TA FAQ
What is the technical rating for L stock?
ChartMill assigns a technical rating of 9 / 10 to L.
What is the current trend direction of LOEWS CORP (L) stock?
The current trend direction for LOEWS CORP (L) is Bullish.
What is the RSI signal for LOEWS CORP (L) stock?
LOEWS CORP (L) has an RSI value of 56.0477. This indicates that the stock is currently neutral.
What is the short term momentum for L stock?
The short term momentum for LOEWS CORP (L) is positive.
Can you provide the support and resistance levels for LOEWS CORP?
LOEWS CORP (L) has a support level at 111.53 and a resistance level at 111.71. Check the full technical report for our detailed analysis of L support and resistance levels.