LULULEMON ATHLETICA INC. - Daily - Technical analysis published on 11/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 398.29 USD
My targets
454.53 USD (+5.93%)
477.91 USD (+11.38%)
My analysis
LULULEMON ATHLETICA INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 398.29 USD. The next resistance located at 454.53 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 477.91 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LULULEMON ATHLETICA INC. price is 429.09 USD. On the day, this instrument gained +1.57% and was between 422.77 USD and 429.11 USD. This implies that the price is at +1.49% from its lowest and at +0.00% from its highest.422.77
429.11
429.09
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LULULEMON ATHLETICA INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 360.29 | 386.76 | 398.29 | 429.09 | 432.61 | 477.91 |
Change (%) | -16.03% | -9.87% | -7.18% | - | +0.82% | +11.38% |
Change | -68.80 | -42.33 | -30.80 | - | +3.52 | +48.82 |
Level | Intermediate | Major | Intermediate | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 415.80 | 418.42 | 420.43 | 423.05 | 425.06 | 427.68 | 429.69 |
Camarilla | 421.17 | 421.59 | 422.02 | 422.44 | 422.86 | 423.29 | 423.71 |
Woodie | 415.50 | 418.27 | 420.13 | 422.90 | 424.76 | 427.53 | 429.39 |
Fibonacci | 418.42 | 420.19 | 421.28 | 423.05 | 424.82 | 425.91 | 427.68 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 381.89 | 395.85 | 409.14 | 423.10 | 436.39 | 450.35 | 463.64 |
Camarilla | 414.95 | 417.44 | 419.94 | 422.44 | 424.94 | 427.44 | 429.93 |
Woodie | 381.57 | 395.68 | 408.82 | 422.93 | 436.07 | 450.18 | 463.32 |
Fibonacci | 395.85 | 406.26 | 412.69 | 423.10 | 433.51 | 439.94 | 450.35 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 293.61 | 324.13 | 358.81 | 389.33 | 424.01 | 454.53 | 489.21 |
Camarilla | 375.55 | 381.53 | 387.50 | 393.48 | 399.46 | 405.43 | 411.41 |
Woodie | 295.68 | 325.17 | 360.88 | 390.37 | 426.08 | 455.57 | 491.28 |
Fibonacci | 324.13 | 349.04 | 364.43 | 389.33 | 414.24 | 429.63 | 454.53 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 64.64 | |
MACD (12,26,9): | 9.6100 | |
Directional Movement: | 10.26 | |
AROON (14): | 71.43 | |
DEMA (21): | 423.62 | |
Parabolic SAR (0,02-0,02-0,2): | 396.09 | |
Elder Ray (13): | 9.00 | |
Super Trend (3,10): | 406.82 | |
Zig ZAG (10): | 428.79 | |
VORTEX (21): | 1.1100 | |
Stochastique (14,3,5): | 74.40 | |
TEMA (21): | 428.36 | |
Williams %R (14): | -16.16 | |
Chande Momentum Oscillator (20): | 25.18 | |
Repulse (5,40,3): | 0.4800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3000 | |
Courbe Coppock: | 13.68 |
MA7: | 423.54 | |
MA20: | 408.49 | |
MA50: | 394.29 | |
MA100: | 387.67 | |
MAexp7: | 422.49 | |
MAexp20: | 411.65 | |
MAexp50: | 399.25 | |
MAexp100: | 388.56 | |
Price / MA7: | +1.31% | |
Price / MA20: | +5.04% | |
Price / MA50: | +8.83% | |
Price / MA100: | +10.68% | |
Price / MAexp7: | +1.56% | |
Price / MAexp20: | +4.24% | |
Price / MAexp50: | +7.47% | |
Price / MAexp100: | +10.43% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on LULULEMON ATHLETICA INC. at the time of the analysis were as follows:
- Lululemon Athletica & Hubbell Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
- lululemon athletica inc. Announces Second Quarter Fiscal 2023 Earnings Conference Call
- lululemon Announces the Formation of Mental Wellbeing Global Advisory Board
- Thinking about buying stock in Lululemon Athletica, Starbucks, Polestar Automotive Holding, WiSA Technologies, or Blue Water Biotech?
- lululemon athletica inc. Announces First Quarter Fiscal 2023 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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