Lowes Stock Forecast
Lowes stock price ended at $254.73 on Thursday, after gaining 0.553%.
(Updated on Mar 28, 2024)
The Lowes stock price gained 0.553% on the last trading day (Thursday, 28th Mar 2024), rising from $253.33 to $254.73. During the last trading day the stock fluctuated 1.72% from a day low at $250.98 to a day high of $255.29. The price has risen in 6 of the last 10 days and is up by 4.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 283 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $667.86 million.
The stock lies in the middle of a strong 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 20.16% during the next 3 months and, with a 90% probability hold a price between $290.73 and $317.99 at the end of this 3-month period.
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LOW Signals & Forecast
The Lowes stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $254.99. On a fall, the stock will find some support from the long-term average at approximately $239.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, March 21, 2024, and so far it has fallen -2.40%. 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).
Support, Risk & Stop-loss for Lowes stock
Lowes finds support from accumulated volume at $244.73 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 $4.31 (1.72%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $243.47 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (LOW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lowe's Companies Inc to open at $253.67, and during the day (based on 14 day Average True Range), to move between $250.38 and $259.08, which gives a possible trading interval of +/-$4.35 (+/-1.71%) 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 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $258.50 (1.48%) than the support at $244.73 (3.93%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lowes stock to perform well in the short-term.
Current score: 3.650 Buy Candidate Unchanged
Predicted Opening Price for Lowe's Companies Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$253.67 ( 0.417%) | $254.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 257.98 | 1.27 % | |
R2 | 256.33 | 0.628 % | ||
R1 | 255.31 | 0.229 % | ||
Current price: | 254.73 | |||
Support | S1 | 252.02 | -1.06 % | |
S2 | 251.00 | -1.46 % | ||
S3 | 249.36 | -2.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 261.00 | 2.46 % | ||
R1 | 258.50 | 1.48 % | ||
Current price | 254.73 | |||
Support | S1 | 244.73 | -3.93% | |
S2 | 235.39 | -7.59% | ||
S3 | 229.86 | -9.76% |
LOW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Apr 23, 2024 | May 08, 2024 | $1.10 | 0.432% |
2 | Nov 10, 2023 | Jan 23, 2024 | Feb 07, 2024 | $1.10 | 0.496% |
3 | Aug 18, 2023 | Oct 24, 2023 | Nov 08, 2023 | $1.10 | 0.565% |
4 | May 26, 2023 | Jul 25, 2023 | Aug 09, 2023 | $1.10 | 0.501% |
5 | Mar 24, 2023 | Apr 25, 2023 | May 10, 2023 | $1.05 | 0.514% |
FAQ
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