Volatility Contraction Sets Up LOW Move Near $244.49
NeutralLowe's Companies Inc (LOW) closed up 0.62% at $244.49 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($244.08) with a bullish stack. The 21-day EMA at $243.25 provides support.
Momentum
RSI at 59.5 is in neutral territory but trending higher. MACD is bearish (1.30 vs signal 1.91).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.
Key levels to watch: Support at $240.33, Resistance at $250.25.