LOW stock: buy or sell
Jan 25th, 2021
LOW stock brief
- Lowe's stock merely changed 0.03% to close at $172.40 on the stock market last Friday.
- Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico.
Should I buy Lowe's stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $LOW stock a buy?
Currently, Lowe's stock matches one trading strategy:
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it scales quickly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Price is now at 4.07% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $179.42. The stop loss would be ordered at $161.48
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$179.42||$161.48||10.00%|
Should I sell Lowe's stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your profits. Much like when we have to buy shares, determining when is appropiate to sell is not a haphazard decision, and we must follow our own trading style. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for shorting $LOW stock
As a rule of thumb, you should never mantain an operation that results in losses greater than those expected by the time of purchase. When to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Lowe's stock?
In the current situation of Lowe's there is not any eligible sell setup, so Lowe's stock holders with operations in green can keep their positions
We don't have any rating published in the last month for Lowe's
Lowe's stock analysis
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band last Wednesday, the price has corrected downwards by 0.95%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks
Relative strength index
Climbed above the 70 level last Friday, marking a reading of 75.48. Climbing above the overvalued zone is not a sell signal, as stock price can rise during several weeks being in the overvalued zone
Lowe's stock price history
Lowe's started trading on Mar 17th, 1980 priced at $0.00 per share1. Since then, LOW stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD at that time would be valued $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Lowe's stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. If you are a small trader you don't have to invest based on these projections.
In the last month we couldn't find any price target published for Lowe's stock.
Earnings and financials
Last November, Lowe's Companies, Inc. ($LOW) reported EPS for that matched Wall St. expectations. Quarterly EPS was $1.98 per share from an estimated $1.99. Sales was $22.3 billion compared to $21.3 billion predicted by analysts.Compared to the same quarter last year, EPS was $1.41, so current EPS is a improvement of 40.43%. Looking at revenues, figures skyrocketed a 28.30% compared to $173.9B same quarter a year ago.
LOW ($LOW) will host the quarterly earnings call late next February. Market predicts of $1.18, compared to previous quarter that was $1.98.
Important:The thoughts given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for informational reasons only
|Friday, January 22nd, 2021|
|Day range||$171.03 - $174.12|
|Average true range||$4.30|
|50d mov avg||$159.64|
|100d mov avg||$162.27|
|200d mov avg||$145.70|
|Earnings date||February 24th, 2021|