LOW: Potential BuyRetesting the S/R zone and upwards channel after breaking above. Expecting upside momentum to continue backed by positive analyst expectations. Watch out for US jobless claims in 7 mins.
LOWC34 trade ideas
Lowe's (NYSE: LOW) Earnings OverviewOver the last 1 year, LOW has beaten estimates 100% of the time and has beaten revenue estimates 75% of the time.
Retailers might see their demand softening as consumers could tighten their purse strings as economists expect a slowdown ahead in the backdrop of higher-for-longer interest rates.
The market is growing too negative about the housing DIY market, and investors should begin buying Lowe’s Inc Stock.
The company had beaten its expectations in its Q2 earnings. Fears on consumer spending are not the only thing the company is battling now. Lowe's had also pointed to a rise in crime as a factor of reduced earnings and noted that the issue could continue to cut into their financial results.
In September, the National Retail Foundation reported that in 2022, retail theft rose ~20% from a year earlier.
Technical Analysis
LOW is trading near the bottom of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a neutral sign for the stock's future value.
ABOUT THE COMPANY
Lowe's Companies, Inc. (Lowe's) is a home improvement company. The Company operates home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Appliances, Seasonal and Outdoor Living, Lawn and Garden, Lumber, Kitchens and Bath, Tools, Paint, Millwork, Hardware, Flooring, Rough Plumbing, Building Materials, Decor, Lighting, and Electrical.
💵 E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: neutral swing of volatility.
Next Wave: sell wave to the range.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Market Capitalization: 117.558B
Release Date: 11/21 BMO
Quarter: FQ3'23
_______________________________________________
Revenue Anticipations: positive surprise of Revenues.
Revenue Surprise-Confidence: on a scale of 0-9, #4
Revenue 2-Year Trend: the company trend in Revenues is neutral.
_______________________________________________
EPS Anticipations: positive surprise of EPS.
EPS Surprise-Confidence: on a scale of 0-9, #2
EPS 2-Year Trend: the company trend in EPS is neutral.
_______________________________________________
📝 S Y N O P S I S
🟢 Buy ~ If the earnings report is above the Wall Street consensus, I expect the market will buy the +surprise.
⚪ Neutral ~ If the earnings report is released with complicating press, I expect the market will avoid the surprise and invest in alternative securities.
🔴 Sell ~ If the earnings report is below the Wall Street consensus, I expect the market will sell the -surprise.
🔎 R E S E A R C H D E P T H
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
☝️ P R O V I S I O N
The analysis presented is incomplete work thereby can't safely trade in the Market by itself.
LOW Lowe's Companies Options Ahead of EarningsIf you haven`t sold LOW ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 210usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $3.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Demand zone for Lowes.
As you see here on Lowes, we are entering a demand zone. I will be looking to see how the heikin ashi candlesticks react to this level. I will also look for a bounce with high volume to validate my entry. Thank you as always for checking out my analysis.
1W - LOWES - Recession targetHi guys,
In case of big stock crash this would be a nice target for buying lowes.
That would be approx 50% down from ATH
Not financial advice
Maybe just a dream :)
LOW At A Possible Bounce Zone on 200 Weekly MALowes (LOW) is currently touching the 200 Weekly MA and is likely to see a bounce from this level, regardless of whether it breaks down later on.
Breakdown likely to hit trendline highlighted on chart.
Exit price for bounce would be around $215.
LOW Lowe's Companies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of LOW Lowe's Companies prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $4.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
LOW to 250After hitting a LOW in June 2022, the stock broke out in June this year. It appears to be retracing or possibly filling a gap at 204.74. I’m watching this zone for a potential rebound, with two gaps above as profit targets. A break above this year’s high at 230.721 could lead to a target of 250 by year-end. However, if support gives way, marked by an upward trendline from May 2022, the stock might head towards a gap fill at 191.94.
$LOW with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:LOW after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
Short LOWanalysis signals bearish momentum for Lowe's ( NYSE:LOW ) in the near future. The key level to watch is $212.5, and a failure to break above may drive the price towards $205
LOW WCA - Ascending TriangleCompany: Lowe's Companies, Inc.
Ticker: LOW
Exchange: New York Stock Exchange (NYSE)
Sector: Consumer Discretionary
Introduction:
In today's technical analysis, we're focusing on Lowe's Companies, Inc. (LOW), a prominent player in the Consumer Discretionary sector listed on the New York Stock Exchange. Lowe's weekly chart is currently showcasing an Ascending Triangle pattern, indicative of a potential bullish reversal.
Ascending Triangle Pattern:
An Ascending Triangle pattern typically emerges during periods of consolidation and is often considered a bullish indicator. The pattern is characterized by a flat upper trendline (resistance) and an ascending lower trendline (support), both of which converge as the pattern matures.
Analysis:
Previously, Lowe's was in a noticeable downtrend, as indicated by the blue diagonal resistance line. However, over the last 420 days, Lowe's stock price has consolidated, forming an Ascending Triangle pattern. This pattern is considered to act as a bullish reversal indicator.
The Ascending Triangle's upper horizontal boundary lies at $221, boasting three touchpoints, while the upward sloping lower boundary also shows three touchpoints. The symmetry of these touchpoints lends credibility to the Ascending Triangle pattern.
Should we observe a breakout above the Ascending Triangle, we can anticipate a potential price target of $270. This implies a potential opportunity for a 22% price increase from the breakout level.
Conclusion:
This analysis suggests that Lowe's Companies, Inc. may be primed for a bullish reversal, representing potential investment opportunities.
As always, it's essential to validate this technical analysis with other indicators, market trends, and relevant news for comprehensive investment decisions. Not financial advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Lowes Mixed Earnings Reports 🛠Lowe’s reports earnings before the open on Tuesday, with lacklustre guidance overshadowing a Q1 report that beat analyst expectations.
For the first quarter, the North Carolina-based specialty retailer reported $3.67 in earnings per share on $22.3B in sales. Analysts had anticipated $3.45 in earnings per share on $21.68B in revenue. However, comparable sales decreased 4.3%, steeper than the 3.28% drop expected on the Street. Management blamed “lumber deflation, unfavourable weather and lower DIY discretionary sales” for the decline.
“We are pleased with the performance of our business despite record lumber deflation and unfavourable spring weather,” CEO Marvin R. Ellison said. “Although we delivered positive comparable sales in Pro and online for the first quarter, we are updating our full-year outlook to reflect softer-than-expected consumer demand for discretionary purchases.”
LOW - Up TrendAn up trend on LOW
I expect bullish results due to this bull trend line that is being held.
A channel can be plotted with the upper green trend line.
Bars pattern shows my bullish thoughts.
LOWES Stock Chart Fibonacci Analysis 050923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 208/61.80%
Symmetrical TrianglePrice is below the .236 and above the .382 of the long trend up since the covid low.
Earnings 5-23 BMO. Analysts do not seem positive on a earnings beat right now but that could change by earnings.
Symmetrical triangles are neutral until broken. The top line is resistance and slopes down, while the bottom line is support and slopes up.
So basically a case of lower highs and higher lows comprise the triangle which narrows as the apex causing a vacuum, and price will eventually break up or down.
No recommendation.
Try to stay sane even when insanity covers the ceiling, the floors and the walls.
Lowes about to take some major hits. LOWMajor confluence of harmonic patterns. Elliott wave triangle, and confirmed entry to next wave. Confirming entry on crossing of two price levels and a high chance of three black crows. I noted divergence in momentum in what appears to be the Elliott triangle.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
$LOW with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for $LOW after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 68.75%.
RectanglePrice is hanging on the bottom line which will be resistance if broken with a confirmed downtrend.
There is also a trendline from a large triangle that is providing support for now.
No recommendation/Short interest is less than 2%/Price is above the .382 of the trend up.
“The difference between playing the stock market and the horses is that one of the horses must win.” — Joey Adams
SHORT LOWThis company is garbage and has been riding the covid train too long with inflated earnings reports.
This upcoming earnings will show reality and will be priced way before!
LOWE'S - Look For Longs. $245 Is the Target for ShortsQuick read, for once.
Lowe's is down 7% following ER. Another ER dump. This is really notable for a few reasons:
1. Big moves on the first of the month always make me think reversals
2. Lowe's isn't really bearish on monthly or weekly bars
3. The real short setup for economic disaster is in the $240 range
4. Dump swept out weekly/monthly/daily sellside pivots
5. Gap fill
6. Overall market is not as bearish as it was during last Lowe's ER dump
7. Equities market makers love to "gamma squeeze" rip the other way after a little bit.
However, the weekly bars do show a three drives-style pattern
But it's only the wicks over range equilibrium and it's never traded to a deep premium, which is what you really want to see before new lows are going to be set.
Monthly shows that this isn't a bear market, either.
March 31 $200 calls lost $8.5 on the news.
You still have to be super careful because of geopolitical risks:
1. The Chinese Communist Party has not reported a single COVID case since Jan. 10, and this is almost impossible to be real. The reality is that the CCP is likely very, very weak right now and could fall at any time.
2. Elon Musk has warned, which confirms with multiple other sources, that Russia is about to launch a very large scale offensive in Ukraine. He would know because Starlink is the only thing keeping Ukraine with even a shred of hope in the battle. Equities down, commodities up is what that will result in, just like when the war was launched last year.
3. When it's time for the CCP to go, and it's going to happen very soon, you can expect there to be a clash between the India-Russia-Saudi/BRICS type entities and the United States/NATO globalists because everyone wants China. All the "hawkish" chatter on "China" (note it's rarely ever against the CCP itself) (("China" is not "the CCP")) from America is gearing up to take over the Mainland by way of the globalist groomed Chinese nationals it has parented so as to install all the woke globalist things and completely ruin what little is left of the country's 5,000 year culture as they go for a real New World Order/One World Government
With the way everything is acting I kind of suspect Lowe's may not be finished dumping, but imo this is one of those situations where one should "be greedy only when others are fearful."
$186 would be a really sweet entry and you have to sit on your hands for 2 or 3 months or at least roll out your winners.
See my Nasdaq/SPX/Dow calls for thoughts on the markets at large and potential timing.
July is the target for when things really get scary.
