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- 1 Lowe’s stock price increased by 2.17% over the past seven days.
- 2 Lowe’s Companies Inc. ( NYSE: LOW) stock’s 52-week price range is $187 – $235.
Lowe’s Companies has shown an average increase of 20.5% in its earnings each year, as the financial website Simply Wall reported. The website also stated that the Specialty Retail sector experienced a 27% annual growth in earnings. The company’s revenues have also been rising at an average yearly rate of 8.4%.
Lowe’s Companies has negative shareholder equity of -$4.7 Billion and a high debt load of $36.0 Billion, resulting in a debt-to-equity ratio of -245%. The company’s total assets and liabilities are $45.9 Billion and $60.6 Billion, respectively. Lowe’s Companies has an EBIT of $12.2 Billion, which gives it an interest coverage ratio of 9.9. Simply Wall, a financial website, reported that the company has cash and short-term investments of $3.4 Billion.
The market capitalization of LOW stock is $133.586 Billion, and the total revenue is $97.06 Billion. Moreover, the stock’s basic EPS is $10.29, and the price-to-earnings ratio is 22.28. Moreover, the average volume is 2.949 Million, and the current volume is 1.952 Million. The current volume is below average volume.
Moreover, the stock has done well this month, rising by 3.93% and surging by 8.19% in the last six months. Lowe’s Companies Inc. (NYSE: LOW) stock has a positive year-to-date return of 13.14% and a positive 1-year return of 22.76%.
Technical Analysis of Lowe’s Stock Price in 1-D Timeframe
The price action shows that Lowe’s stock price ( NYSE: LOW) bounced back from the major support at $193.85 and made higher highs and higher lows, rising by about 21% and reaching 235.30 in two months by July 12th. The LOW price also followed the trendline well in the uptrend rally, breaking through all obstacles and turning them into support. The stock showed a strong rally.
However, the LOW stock price broke the higher-high pattern in the last few days and pulled back. The stock was trading at $227.97 at the time of publishing. Based on the price movement, the price is approaching the trendline. There is a high possibility of taking exact support from the trendline like before and moving up further to targets one and two, which are $235.55 and $246.03, respectively.
Alternatively, if the price fails to take support on the trendline and breaches it, we might see the stock falling to the nearest support levels.
Lowe’s Stock Price ( NYSE: LOW) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving averages), supporting the price trend. Hence, the LOW Price is expected to increase, giving bullish views over the daily time frame chart.
The current value of RSI is 65.10 points. The 14 SMA is above the median line at 61.77 points, indicating that the price is bullish as the RSI is in bullish territory.
The MACD line at 4.72 and signal line at 4.61 are above the zero line. A bullish crossover was observed in the MACD oscillator, which signals more bullishness for the LOW stock.
Summary
Lowe’s stock price shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the LOW stock also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue.
Technical Levels
- The nearest support levels: $220 and $211.
- The nearest resistance levels: $235 and $246.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
