Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LOW stock price showed a trend reversal from the lower trendline.</a> </li> 
 <li> <span>2</span> <a>Buyers are accumulating the stock to regain the swing top of $250.</a> </li> 
</ul> 
<p>Lowe’s Companies, Inc. (NYSE: LOW) stock price was trading in an uptrend and was in the bulls’ trajectory for the past sessions. Recently, LOW stock witnessed profit booking, laid off the initial gains, and showed a dip toward the 200-day EMA. Furthermore, during the retracement, sellers charged their muscles, tried their best, and brought strength by pushing the price below the 200-day EMA. However, the bulls tried to retain the gains and took support on the lower trendline.</p> 
<p>LOW stock has become investors’ favorite nowadays, and huge open interest in the option chain was witnessed, indicating the investors’ madness. As per the option chain, there is a massive put writing on the strike price of $220 of 10 Million shares, which was trapped, and soon a rebound may be seen due to the anxiety among the investors who made long positions earlier. On the flip side, decent call writing was done at the strike price of $222, the immediate swing hurdle.</p> 
<p>At press time, the LOW stock price is trading at $212.50 with an intraday gain of 0.95%, showing a reversal from the lower trendline in yesterday’s session. Moreover, the trading volume increased by 0.45% to 3.987 Million, and the market cap is $122.637 Billion. Furthermore, Analysts maintained a buy rating with a yearly target price of $250.40, which suggests a significant upside for the following sessions.</p> 
<p>Lowe’s Cos., Inc. engages in the retail sale of home improvement products. The firm offers maintenance, repair, remodeling, home decorating, and property maintenance products. It also provides home improvement products in the categories like appliances, bathroom, building supplies, electrical, flooring, hardware, paint, kitchen, plumbing, lighting &amp; fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.</p> 
<h2 class="wp-block-heading" id="strong-will-low-stock-succeed-in-attaining-reversal-strong"><strong>Will LOW Stock Succeed in Attaining Reversal&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/nMjNtOVWCRMNop1XMz4RQ2srvx5BQu4gpszfjbYaijxgFZBcUoBSmZXke9EpSbDK8Lww2A1Sqw0nbpGfTwvXeePUdgUMyF0Ft5AlY13NAWXDfBZWbQUAtWrZkQqA4zfTPaXXNiP5-HWwqmNCDVNwFSU" alt="Lowe's Comp. (LOW) Attained Reversal, Will It Be Good for Buyers?"> 
  <figcaption class="wp-element-caption">
    Source: LOW Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, the LOW <a href="https://www.thecoinrepublic.com/2023/09/25/chpt-stock-lost-10-52-will-it-register-a-new-52-weeks-low/" rel="noopener noreferrer nofollow">stock </a>price trades near the neutrality of the 50% Fib zone, where a decent rebound can be anticipated. LOW share price may re-enter the bullish territory above the cluster of $230 in the upcoming sessions.</p> 
<p>The RSI curve stayed in the oversold region, showing a vertical fall, forming a bullish divergence, and suggesting a reversal in the upcoming sessions.</p> 
<p>The MACD indicator showed a bearish crossover and formed red bars on the histogram, suggesting a positive outlook for the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p>LOW stock price trades close to the lower trendline and tries to grab a reversal that will surpass the 200-day EMA immediate barrier. Moreover, the straightforward comeback from the swing of $230 is taking a halt and needs a pullback to make a price action that buyers try to attain. Furthermore, the chart suggests that buyers still have the strength to regain a glimpse of bullishness.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $210 and $200</p> 
<p>Resistance Levels: $220 and $230</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

Lowe’s Comp. (LOW) Attained Reversal, Will It Be Good for Buyers?

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