LOWE'S COS INC (LOW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LOW - US5486611073 - Common Stock
Overall LOW gets a technical rating of 8 out of 10. Although LOW 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.
- LOW is one of the better performing stocks in the Specialty Retail industry, it outperforms 70% of 121 stocks in the same industry.
- LOW 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.
- LOW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- LOW has an average volume of 3138700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that LOW is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, LOW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 277.56. 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.
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213.06
When analyzing the support we can see 6 important areas.
- A support zone ranging from 273.90 to 275.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 252.33 to 254.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 240.43 to 242.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @235.04 from a trend line in the weekly time frame.
- Support @223.57 from a horizontal line in the daily time frame.
- Support @215.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 277.56 to 277.56. 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 LOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LOW is up. |
| ChartMill Relative Strength | 70.28 | POSITIVE | LOW has a high relative strength, it outperformed 70.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOW is above the rising 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) | UP | POSITIVE | The current price of LOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.41 | NEUTRAL | The RSI value for LOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.38 | POSITIVE | The MACD value suggests LOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.95 | OVERBOUGHT | The high Stochastics value suggests LOW may be overbought. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for LOW suggests some volalility. |
| Average Directional Index/ADX (14) | 28 | POSITIVE | The high ADX value value for LOW suggests a strong trend. |
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 |
|---|---|---|---|
| 277.57 | 273.89 | 3.68 (1.33%) | 25.00% |
| An entry @277.57. This is a Buy Stop order right above the resistance zone. | An exit @273.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.68 points, which is 1.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- The distance between exit and entry is rather small compared to the average daily movement of LOW. 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.
276.73
+1.78 (+0.65%)
LOWE'S COS INC / LOW FAQ
What is the technical rating for LOW stock?
ChartMill assigns a technical rating of 8 / 10 to LOW.
What is the current trend direction of LOWE'S COS INC (LOW) stock?
The current trend direction for LOWE'S COS INC (LOW) is Bullish.
Can you provide the RSI signal for LOWE'S COS INC?
LOWE'S COS INC (LOW) has an RSI value of 68.407. This indicates that the stock is currently neutral.
What is the MACD signal for LOW stock?
The MACD indicator for LOWE'S COS INC (LOW) has a value of 1.3793, indicating a bullish trend.
What is the buy/sell signal for LOWE'S COS INC (LOW) stock?
The buy/sell signal for LOWE'S COS INC (LOW) is buy as both the short term and long term trends are positive.