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. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, L did better than 83% of all other stocks. We also observe that the gains produced by L over the past year are nicely spread over this period.
L is part of the Insurance industry. There are 143 other stocks in this industry. L outperforms 72% of them.
L is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so L is performing more or less in line with the market.
In the last month L has a been trading in the 84.67 - 89.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 87.30, a Stop Loss order could be placed below this zone.
More info and screens
80.08
93.01
We found 3 important support areas.
- A support zone ranging from 86.74 to 87.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.01 from a trend line in the weekly time frame.
- A support zone ranging from 80.89 to 82.76. 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 90.64 to 92.09. 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 | NEUTRAL | NEUTRAL | The short term trend for L is neutral. |
| ChartMill Relative Strength | 83.87 | POSITIVE | L has a high relative strength, it outperformed 83.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of L is below 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) | 50.02 | NEUTRAL | The RSI value for L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests L has a negative trend. |
| Stochastics (14,3) | 63.34 | NEUTRAL | The Stochastics value for L is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for L suggests low volalility. |
| Average Directional Index/ADX (14) | 11.81 | 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 |
|---|---|---|---|
| 88.56 | 86.82 | 1.74 (1.96%) | 25.00% |
| An entry @88.56. This is a Buy Stop order right above the 10 day moving average. | An exit @86.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.74 points, which is 1.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- 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.
87.59
-0.14 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.16%
1 Week-1.37%
2 Weeks-0.43%
1 Month1.57%
3 Month5.84%
6 Month1.77%
12 Month17.18%
2 Year56.41%
3 Year33.75%
5 Year163.51%
10 Year118.32%
15 Year169.43%
Volatility
ATR(14)1.46
ATR(20)%1.75%
ATR Inc-18.06%
Range Today1.2
ADR(20)1.42
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.87
Mansfield0.39
10 Day High89.81
10 Day Low86.83
20 Day High89.81
20 Day Low84.68
52 Week High92.42
52 Week Low73.15
CS1 End87.3
CR1 Start90.64
Volume & EV
DER(3)-3.19%
DER(5)-2.42%
Volume606.50K
Volume Incr-1.59%
Vol(5)603.22K
Vol(50)778.82K