LOW Technical Analysis - LOWE'S COS INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to LOW. LOW has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month LOW has a been trading in the 250.73 - 274.98 range, which is quite wide. It is currently trading near the lows of this range.

LOW has an average volume of 2906820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When compared to the yearly performance of all other stocks, LOW outperforms 49% of them, which is more or less in line with the market.

LOW is an average performer in the Specialty Retail industry, it outperforms 57% of 122 stocks in the same industry.

LOW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LOW is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

LOW has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

209.57

276.16

When analyzing the support we can see 3 important areas.

A support zone ranging from 251.20 to 253.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @222.66 from a horizontal line in the daily time frame.
A support zone ranging from 211.69 to 211.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @273.43 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 LOW is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LOW is down.
ChartMill Relative Strength	49.7	NEUTRAL	LOW is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LOW is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LOW is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of LOW is above a declining SMA(200).
Relative Strength Index/RSI (14)	40.57	NEUTRAL	The RSI value for LOW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.74	NEGATIVE	The MACD value suggests LOW has a negative trend.
Stochastics (14,3)	10.46	OVERSOLD	The low Stochastics value suggests LOW may be oversold.
Average True Range in percent/ATR (20)	1.74	LOW VOLATILITY	The low ATR as a percentage value for LOW suggests low volalility.
Average Directional Index/ADX (14)	33.61	POSITIVE	The high ADX value value for LOW suggests a strong trend.