LAURENTIAN BANK OF CANADA (LB.CA) Stock Technical Analysis
TSX:LB - Toronto Stock Exchange - CA51925D1069 - Common Stock - Currency: CAD
Overall LB gets a technical rating of 8 out of 10. Although LB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
LB is one of the better performing stocks in the Banks industry, it outperforms 82% of 29 stocks in the same industry.
LB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LB is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that LB is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month LB has a been trading in a tight range between 29.75 and 31.23.
LB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 31.21. Right above this resistance zone may be a good entry point. 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
25.01
31.52
We found 3 important support areas.
- A support zone ranging from 30.01 to 30.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.02 to 27.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @25.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.21 to 31.21. 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 LB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LB.CA is up. |
| ChartMill Relative Strength | 70.47 | POSITIVE | LB.CA has a high relative strength, it outperformed 70.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LB.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.72 | NEUTRAL | The RSI value for LB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests LB.CA has a negative trend. |
| Stochastics (14,3) | 71.84 | NEUTRAL | The Stochastics value for LB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for LB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 54.99 | POSITIVE | The high ADX value value for LB.CA suggests a strong 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 |
|---|---|---|---|
| 31.22 | 30.20 | 1.02 (3.27%) | 25.00% |
| An entry @31.22. This is a Buy Stop order right above the resistance zone. | An exit @30.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.02 points, which is 3.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- 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.
TSX:LB (7/4/2025, 7:00:00 PM)
30.98
+0.08 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.26%
1 Week0.39%
2 Weeks1.84%
1 Month3.65%
3 Month20.97%
6 Month8.32%
12 Month19.06%
2 Year-22.02%
3 Year-25.87%
5 Year16.69%
10 Year-37.39%
15 Year-32.65%
Volatility
ATR(14)0.3
ATR(20)%0.95%
ATR Inc0.24%
Range Today0.2
ADR(20)0.29
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.47
Mansfield0.31
10 Day High31.23
10 Day Low30.21
20 Day High31.23
20 Day Low29.75
52 Week High31.74
52 Week Low24.37
CS1 End30.83
CR1 Start31.21
Volume & EV
DER(3)-1.74%
DER(5)1.26%
Volume37.65K
Volume Incr-28.15%
Vol(5)159.26K
Vol(50)183.64K