Lowes (LOW) is currently touching the 200 Weekly MA and is likely to see a bounce from this level, regardless of whether it breaks down later on.
Breakdown likely to hit trendline highlighted on chart.
Exit price for bounce would be around $215.
Analyzing the options chain and the chart patterns of LOW Lowe's Companies prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $4.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
After hitting a LOW in June 2022, the stock broke out in June this year. It appears to be retracing or possibly filling a gap at 204.74. I’m watching this zone for a potential rebound, with two gaps above as profit targets. A break above this year’s high at 230.721 could lead to a target of 250 by year-end. However, if support gives way, marked by an upward...
The PEAD projected a bullish outlook for NYSE:LOW after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
analysis signals bearish momentum for Lowe's ( NYSE:LOW ) in the near future. The key level to watch is $212.5, and a failure to break above may drive the price towards $205
Company: Lowe's Companies, Inc.
Ticker: LOW
Exchange: New York Stock Exchange (NYSE)
Sector: Consumer Discretionary
Introduction:
In today's technical analysis, we're focusing on Lowe's Companies, Inc. (LOW), a prominent player in the Consumer Discretionary sector listed on the New York Stock Exchange. Lowe's weekly chart is currently showcasing an Ascending...
Lowe’s reports earnings before the open on Tuesday, with lacklustre guidance overshadowing a Q1 report that beat analyst expectations.
For the first quarter, the North Carolina-based specialty retailer reported $3.67 in earnings per share on $22.3B in sales. Analysts had anticipated $3.45 in earnings per share on $21.68B in revenue. However, comparable sales...
An up trend on LOW
I expect bullish results due to this bull trend line that is being held.
A channel can be plotted with the upper green trend line.
Bars pattern shows my bullish thoughts.
Price is below the .236 and above the .382 of the long trend up since the covid low.
Earnings 5-23 BMO. Analysts do not seem positive on a earnings beat right now but that could change by earnings.
Symmetrical triangles are neutral until broken. The top line is resistance and slopes down, while the bottom line is support and slopes up.
So basically a case of...
Major confluence of harmonic patterns. Elliott wave triangle, and confirmed entry to next wave. Confirming entry on crossing of two price levels and a high chance of three black crows. I noted divergence in momentum in what appears to be the Elliott triangle.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of...
The PEAD projected a neutral outlook for $LOW after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 68.75%.
Price is hanging on the bottom line which will be resistance if broken with a confirmed downtrend.
There is also a trendline from a large triangle that is providing support for now.
No recommendation/Short interest is less than 2%/Price is above the .382 of the trend up.
“The difference between playing the stock market and the horses is that one of the horses...
This company is garbage and has been riding the covid train too long with inflated earnings reports.
This upcoming earnings will show reality and will be priced way before!
Quick read, for once.
Lowe's is down 7% following ER. Another ER dump. This is really notable for a few reasons:
1. Big moves on the first of the month always make me think reversals
2. Lowe's isn't really bearish on monthly or weekly bars
3. The real short setup for economic disaster is in the $240 range
4. Dump swept out weekly/monthly/daily sellside pivots
5....
Earnings watch today, Wednesday 3/1/2023. Here's a 4hr ext chart comparison, with the tickerTracker MFI Oscillator set to 20, color coordinated with these 11 tickers.
LOW
ANF
SPLK
WEN
CRM
SNOW
PLUG
DLTR
KSS
NIO
CANO
