Loews Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Loews Corporation stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The Loews Corporation stock price fell by -0.521% on the last day (Thursday, 25th Apr 2024) from $76.81 to $76.41. During the last trading day the stock fluctuated 1.23% from a day low at $76.13 to a day high of $77.07. The price has risen in 6 of the last 10 days and is up by 3.52% over the past 2 weeks. Volume has increased on the last day by 139 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 584 thousand shares were bought and sold for approximately $44.61 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.35% during the next 3 months and, with a 90% probability hold a price between $76.66 and $82.76 at the end of this 3-month period.
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L Signals & Forecast
The Loews Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $75.58 and $76.05. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.521%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more 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.
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 $73.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.94 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Loews Corporation to open at $76.54, and during the day (based on 14 day Average True Range), to move between $75.40 and $77.42, which gives a possible trading interval of +/-$1.01 (+/-1.32%) up or down from last closing price. If Loews Corporation takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $76.97 (0.73%) than the support at $73.02 (4.44%), 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 Loews Corporation stock A Buy?
The Loews Corporation stock holds several negative signals and despite the positive trend, we believe Loews Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.122 Sell Candidate Downgraded
Predicted Opening Price for Loews Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $76.54 ( 0.166%) | $76.41 |
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 | 77.48 | 1.40 % | |
| R2 | 77.12 | 0.93 % | ||
| R1 | 76.90 | 0.636 % | ||
| Current price: | 76.41 | |||
| Support | S1 | 76.18 | -0.304 % | |
| S2 | 75.96 | -0.594 % | ||
| S3 | 75.60 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.29 | 2.46 % | |
| R2 | 77.41 | 1.31 % | ||
| R1 | 76.97 | 0.733 % | ||
| Current price | 76.41 | |||
| Support | S1 | 73.02 | -4.44% | |
| S2 | 72.79 | -4.74% | ||
| S3 | 72.78 | -4.75% |
L Dividend Payout History
| # | 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
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