L Price Prediction Next Week
Technical Analysis: Based on the latest data, L (Loews Corporation) shows bearish signals in the short term:
- RSI (14) at 40.70 indicates neutral but weakening momentum
- MACD is negative at -0.45 with bearish divergence
- Price trading below 5-day SMA (83.09) and 10-day SMA (84.01)
- Stochastic indicators showing oversold conditions with %K at 13.64
Price Levels:
- Current price: $82.76 (as of Feb 21, 2025 close)
- Key resistance: $87.17 (Fibonacci R1)
- Key support: $82.33 (Fibonacci S1)
- Next support: $80.83 (Fibonacci S2)
News Impact:
- Recent dividend announcement of $0.0625 per share, payable March 11, 2025
- Analyst target price shows significant upside potential at $217.00, though this appears overly optimistic
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Bearish scenario (60% probability): Price likely to test Fibonacci S1 at $82.33
- Target: $81.50-82.00 range
Trading Recommendation: SELL
- Entry: Current market price ($82.76)
- Stop loss: $84.00 (above recent resistance)
- Take profit: $81.50
L Similar Chart Price Prediction
The price of L is predicted to go up -6.33%, based on the high correlation periods with AWR. The similarity of these two price pattern on the periods is 92.12%.
L
AWR
Down: -6.33%Similarity: 92.12%
