Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The stock has slipped past the support trendline which it has been obeying for a long time.</a></li>
 <li><span>2</span> <a>The analysts believe in long-term growth up to $290, and they evaluated for the last three months.</a></li>
</ul>
<p>Lowe’s Company Inc. is a company that sells various products for home improvement. It helps customers with their needs for maintenance, repair, remodeling, and decorating.</p>
<p>Lowe’s has a wide range of products in different categories, such as Lumber and building materials, Tools and hardware, Appliances: Products for the kitchen, Fashion fixtures, Rough plumbing and electrical, Seasonal living, and Lawn and garden.</p>
<h2 class="wp-block-heading" id="strong-will-low-stock-continue-downwards-strong"><strong>Will LOW Stock Continue Downwards?</strong></h2>
<p>The (NYSE: LOW) stock price has been rising since March 2020, when LOW rallied from the $60 support level by making higher highs and lows and reaching $263.&nbsp;</p>
<p>But at high it faced resistance as investors took profit booking and fell to form support around $170 by June 2022.&nbsp;</p>
<p>Thereafter, the stock rode trendline support effectively and rose upwards, but $235 was a hurdle and sellers took advantage of this hurdle and dragged&nbsp; LOW downward after the period ending July 2023 and got publicized on August 2023.</p>
<p>Moreover, the stock has failed to show any recovery sign as the LOW price took rejection and solidly broke the crucial trendline level of around $204 on the charts in the first week of October 2023.&nbsp;</p>
<p>Therefore, if the LOW stock fails to hold its grip and continuously declines and breaches below $180, it may hit $170.</p>
<p>But, on the contrary, if buyers boost more, the LOW stock might surge strongly from the current level and rise above. The possible targets are between $205 and $215.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1563" height="836" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653.png" alt="LOW Stock Forecast: Will LOW Stock Price Plummet More Or Rise?" class="wp-image-177626" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653.png 1563w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-1024x548.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-1536x822.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-1140x610.png 1140w" sizes="(max-width: 1563px) 100vw, 1563px">
  <figcaption class="wp-element-caption">
   Source: NYSE: LOW by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1563" height="836" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653.png" alt="LOW Stock Forecast: Will LOW Stock Price Plummet More Or Rise?" class="wp-image-177627" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653.png 1563w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-1024x548.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-1536x822.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-653-1140x610.png 1140w" sizes="(max-width: 1563px) 100vw, 1563px">
  <figcaption class="wp-element-caption">
   Source: NYSE: LOW by TradingView
  </figcaption>
 </figure>
</div>
<p>Currently, <a href="https://www.thecoinrepublic.com/2023/09/18/low-stock-price-dropped-from-its-200-day-moving-average/" target="_blank" rel="noopener noreferrer nofollow">LOW stock</a> is trading below the 20 and 50-day exponential moving averages, which are rejecting the price momentum and showing bearishness.</p>
<p>Therefore, if selling volume adds up, then the price might descend more by making bearish momentum by making lower lows and highs. Hence, the LOW price is expected to move downward giving a bearish outlook over the daily time frame chart.</p>
<p>The current value of RSI is 24.45 points. The 14 SMA is below the median line at 27.18 points which indicates that the LOW stock is bearish.</p>
<p>The MACD line at 6.63 and the signal line at 6.23 are below the zero line. A bearish crossover is observed in the MACD indicator which signals bearishness in the momentum of the stock price.</p>
<p>However, since it is at a major demand zone and more aggressive buying is seen, there are chances it might get reversed as well.&nbsp;</p>
<p>Furthermore, the analysts believe the total opposite of the technical tools sentiments as the tools highlight sell but the analysts show a buy signal. Out of the 36 analysts evaluated in the last three months 20 are on the positive side giving one-year<a href="https://www.thecoinrepublic.com/2023/09/18/low-stock-price-dropped-from-its-200-day-moving-average/" rel="noopener noreferrer nofollow"> price</a> targets which are $190 to $290.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The stock has broken the trendline support and has become bearish, but there is a chance that it may bounce back from the important demand zone. The indicators suggest that the stock may continue to drop as the bearish momentum is strong, but the analysts recommend buying the stock for the long term. The conclusion is that the stock is showing a bearish sentiment and bearish price action on the charts.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $180 and $170</p>
<p><strong>Resistance Levels</strong>: $205 and $215</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>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.</p>

LOW Stock Forecast: Will LOW Stock Price Plummet More Or Rise?

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