Lowe's is currently sitting at a great support area, 200MA on the weekly chart. As noted on the chart, until the price breaks through that resistance, we continue to consolidate. I'd be surprised if price falls further, but anything is possible. The RSI on the weekly and Monthly are getting into oversold territory, so that can add some optimism. There aren't too many abnormal technicals that pop out overall.
I don't get too political, but obviously, the tariffs are playing into this sector. We'll have to keep an eye on that! I like to keep my analysis strictly from a charting perspective.
I don't get too political, but obviously, the tariffs are playing into this sector. We'll have to keep an eye on that! I like to keep my analysis strictly from a charting perspective.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.