Lowes Stock Forecast

Lowes stock price ended at $228.79 on Thursday, after losing 0.0306%.
(Updated on Apr 18, 2024)

LOW Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.193%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lowes stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $231.52 and $243.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Lowes stock

Lowes finds support from accumulated volume at $220.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.74 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 1.73%.

Lowes is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LOW) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Lowe's Companies Inc to open at $229.54, and during the day (based on 14 day Average True Range), to move between $223.96 and $233.62, which gives a possible trading interval of +/-$4.83 (+/-2.11%) up or down from last closing price. If Lowe's Companies Inc takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $235.39 (2.88%) than the support at $220.23 (3.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Lowe's Companies Inc stock A Buy?

The Lowes stock holds several negative signals and despite the positive trend, we believe Lowes will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.064 Sell Candidate Unchanged

Predicted Opening Price for Lowe's Companies Inc of Friday, April 19, 2024

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