RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of L
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Loews Corporation stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Oct 25, 2023 Gain 22.41% PDF

The Loews Corporation stock price gained 1.57% on the last trading day (Wednesday, 27th Mar 2024), rising from $76.89 to $78.10. During the last trading day the stock fluctuated 1.11% from a day low at $77.24 to a day high of $78.10. The price has risen in 5 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 316 thousand shares were bought and sold for approximately $24.71 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a narrow and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $78.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.13% during the next 3 months and, with a 90% probability hold a price between $83.61 and $86.49 at the end of this 3-month period.

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L Signals & Forecast

Mostly positive signals in the chart today. The Loews Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $77.29 and $75.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 2.16%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, June 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, June 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Loews Corporation stock

Loews Corporation finds support from accumulated volume at $76.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.86 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.00%.

Our recommended stop-loss: $74.72 (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Loews Corporation to open at $77.81, and during the day (based on 14 day Average True Range), to move between $77.22 and $78.98, which gives a possible trading interval of +/-$0.88 (+/-1.12%) up or down from last closing price. If Loews Corporation takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $76.97, some $1.13 (1.45%) from the current price of $78.10, our system finds the risk reward attractive.

Is Loews Corporation stock A Buy?

Loews Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.667 Strong Buy Candidate Upgraded

Predicted Opening Price for Loews Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$77.81 ( 0.367%) $78.10

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 78.67 0.734 %
R2 78.34 0.313 %
R1 78.14 0.0536 %
Current price: 78.10
Support S1 77.48 -0.788 %
S2 77.28 -1.05 %
S3 76.95 -1.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 78.10
Support S1 76.97 -1.45%
S2 72.79 -6.80%
S3 72.78 -6.81%

L Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 06, 2024 Feb 20, 2024 Mar 05, 2024 $0.0625 0.0838%
2 Nov 07, 2023 Nov 21, 2023 Dec 05, 2023 $0.0625 0.0889%
3 Aug 01, 2023 Aug 16, 2023 Aug 29, 2023 $0.0625 0.100%
4 Aug 01, 2023 Aug 15, 2023 Aug 29, 2023 $0.0625 0.100%
5 May 09, 2023 May 23, 2023 Jun 06, 2023 $0.0630 0.107%

FAQ

What is the symbol for Loews Corporation Stock and on which exchange is it traded?
The symbol for Loews Corporation is L and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Loews Corporation Stock?
Loews Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Loews Corporation Stock?
Loews Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Loews Corporation Stock.

What's the current price of Loews Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Loews Corporation (L) share was $78.10.

What is the 52-week high and low for Loews Corporation Stock?
The 52-week high for Loews Corporation Stock is $78.10 and the 52-week low is $55.31.

What is the market capitalization of Loews Corporation Stock?
As of the 2024-03-27, the market capitalization of Loews Corporation is 17.085B.

When is the next earnings date for Loews Corporation?
The upcoming earnings date for Loews Corporation is Apr 29, 2024.
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About Loews Corporation

Loews Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liabili... L Profile

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