LULU

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>LULU stock is trading above the key moving average of 100 and 200 days.</a></li>
 <li><span>2</span> <a>LULU stock price exhibits bullish dominance on the daily chart.</a></li>
</ul>
<p>Lululemon Athletica Inc.’s stock price is gaining momentum and broke above the 20, 50, 100, and 200-day EMAs, indicating bullishness in the previous trading sessions. The chart also shows a breakout above the key EMAs, assumably the stock may face a sharp rally in the upcoming days.</p>
<p>The stock has tested the demand zone near key EMAs multiple times, finding support and bouncing back. Buyers have regained their strength and are aiming for the $400 level in the next sessions.</p>
<p>The chart structure shows a volatile movement in the previous months, with the stock facing rejection from the supply range of $406. The lower levels near $354 acted as a support region, and the stock bounced from there, making the price trade in a narrow range.</p>
<p>Furthermore, the stock’s trajectory shows that beyond $400, the zone is bullish, and a rally could be seen. But, if further rejection takes place, then the stock will continue to trade in the congestion zone. Similarly, below $354, bearishness could be extended.</p>
<p>At press time, Luluemon stock was trading at $377.69 with an intraday gain of 1.00% breaking below the 200-day EMA, and showing bearishness on the charts. Moreover, the intraday trading volume is 1.97 Million, and the average 10-day volume of 1.366 Million. The market cap of Lululemon Athletica Inc. is 47.79 Billion.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-luluemon-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Luluemon Stock Price in 1-D Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/hhhAfP-KCupqCQqO2CUa705ME4nkEiRfb4CeKehgXbMl90J-iXk342Ul2OH9d0gx7z_ju1q6CSJfgdAIxWCHzIgp_2bL4vEwK-K9I6slTntwpWRavzE3Va76hR_VthcwM8Jf5Gmmu4mfypNf3O_oS70" alt="Lululemon Stock: Is LULU Bouncing Back From The Lower Levels?">
  <figcaption class="wp-element-caption">
   Source: Luluemon.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<p>Currently, Lululemon Athletica Inc. (NASDAQ: LULU) stock is trading above the 100 and 200-day EMAs (exponential moving averages), which support the price momentum.&nbsp;</p>
<p>However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, Lululemon Stock is expected to move upward giving bullish views over the daily time frame chart.</p>
<p>The current value of RSI is 49.52 points. The 14 SMA is near the median line at 44.06 points which indicates that the LULU stock is bullish.</p>
<p>The MACD line at 4.43 and the signal line at 4.85 are below the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the LULU stock price.</p>
<h2 class="wp-block-heading" id="strong-short-time-horizon-analysis-strong"><strong>Short-Time Horizon Analysis</strong></h2>
<p>Lululemon stock has shown buyers’ strength, and a recovery in the stock was noted on the short-term charts. Moreover, the price traded below the key EMAs, which shows further strength in the stock.&nbsp;</p>
<p>The RSI curve is above the neutral region at 53.82, and a positive outlook was noted, indicating bearishness in the <a href="https://www.thecoinrepublic.com/2023/09/22/lulu-price-forecast-lulu-shows-potential-of-hitting-new-highs/" rel="noopener noreferrer nofollow">stock</a>. The MACD indicator also persisted to form green bars, and a bullish crossover was noted, which signals bullish moves in upcoming days.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Luluemon stock (NASDAQ: LULU) technical oscillators also support the bullish trend. MACD, RSI, and EMA all demonstrate positive signals, suggesting that the rally is likely on the way. On the daily time frame, price action suggests investors and traders are bullish. There is a bullish outlook reflected in the price action at the moment.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p><strong>Support Levels:</strong> $354 and $340.</p>
<p><strong>Resistance Levels:</strong> $384 and $400.00.</p>
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

Lululemon Stock: Is LULU Bouncing Back From The Lower Levels?

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