Lowe’s Companies (NYSE:LOW) Trending Downwards

Lowe’s Companies (NYSE:LOW) Trending Downwards

Lowe’s Companies (NYSE:LOW) Trending Downwards

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 71.44.

The projected lower bound is: 66.39.

The projected closing price is: 68.91.

Lowe's Companies, Inc.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles. During the past 50 bars, there have been 22 white candles and 27 black candles for a net of 5 black candles.

Relative Strength Index

The current value for the 14 period RSI is 49.9771.

The RSI, written by J. Welles Wilder in 1978, can be used in several different ways to analyze a chart.

Tops and Bottoms

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 9 period(s) Ago.

Chart Formations

The RSI often forms chart patterns (such as head and shoulders or rising wedges) that may or may not be visible on the price chart. Since the analysis of chart patterns is subjective, the Expert Advisor cannot find them. You will have to visually inspect the RSI indicator to look for such patterns.

Failure Swings (also known as support or resistance penetrations or breakouts)
The RSI does not currently show any Failure Swings.

Support and Resistance

The RSI shows, sometimes more clearly than the price chart, levels of support and resistance. As with chart formations, this is subjective, so you must visually inspect the chart to determine this.

Divergence

The RSI and price are not diverging.

Rex Takasugi – TD Profile

LOWES COMPANIES closed down -0.960 at 69.050. Volume was 85% above average (neutral) and Bollinger Bands were 2% wider than normal.

Open High Low Close Volume___
68.510 69.830 68.110 69.050 2,889,996

Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 67.95 70.29 74.78
Volatility: 21 23 25
Volume: 1,868,406 1,720,819 1,588,588

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
LOWES COMPANIES is currently 7.7% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of LOW.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on LOW.N and have had this outlook for the last 23 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)

You must be logged in to post comments :  
CONNECT WITH