LULULEMON ATHLETICA INC. - 1H - Technical analysis published on 08/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 245.66 USD
My targets
265.55 USD (+2.91%)
279.16 USD (+8.18%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LULULEMON ATHLETICA INC. as long as the price remains well above 245.66 USD. The buyers' bullish objective is set at 265.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 279.16 USD. If there is any crossing, the next objective would be the resistance located at 293.68 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LULULEMON ATHLETICA INC. rating 258.05 USD. The price registered an increase of +7.30% on the session and was between 250.13 USD and 258.29 USD. This implies that the price is at +3.17% from its lowest and at -0.09% from its highest.250.13
258.29
258.05
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LULULEMON ATHLETICA INC.:
Technical
Technical analysis of LULULEMON ATHLETICA INC. in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 233.40 | 245.66 | 257.51 | 258.05 | 279.16 | 293.68 | 334.76 |
| Change (%) | -9.55% | -4.80% | -0.21% | - | +8.18% | +13.81% | +29.73% |
| Change | -24.65 | -12.39 | -0.54 | - | +21.11 | +35.63 | +76.71 |
| Level | Major | Major | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 234.93 | 237.64 | 239.07 | 241.78 | 243.21 | 245.92 | 247.35 |
| Camarilla | 239.35 | 239.73 | 240.11 | 240.49 | 240.87 | 241.25 | 241.63 |
| Woodie | 234.28 | 237.32 | 238.42 | 241.46 | 242.56 | 245.60 | 246.70 |
| Fibonacci | 237.64 | 239.23 | 240.20 | 241.78 | 243.37 | 244.34 | 245.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 209.63 | 217.82 | 228.27 | 236.46 | 246.91 | 255.10 | 265.55 |
| Camarilla | 233.59 | 235.30 | 237.01 | 238.72 | 240.43 | 242.14 | 243.85 |
| Woodie | 210.76 | 218.39 | 229.40 | 237.03 | 248.04 | 255.67 | 266.68 |
| Fibonacci | 217.82 | 224.94 | 229.34 | 236.46 | 243.58 | 247.98 | 255.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.90 | 210.75 | 234.70 | 269.55 | 293.50 | 328.35 | 352.30 |
| Camarilla | 242.49 | 247.88 | 253.27 | 258.66 | 264.05 | 269.44 | 274.83 |
| Woodie | 170.46 | 208.03 | 229.26 | 266.83 | 288.06 | 325.63 | 346.86 |
| Fibonacci | 210.75 | 233.21 | 247.09 | 269.55 | 292.01 | 305.89 | 328.35 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.87 | |
| MACD (12,26,9): | 4.4500 | |
| Directional Movement: | 26.23 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 254.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 246.14 | |
| Elder Ray (13): | 6.05 | |
| Super Trend (3,10): | 248.94 | |
| Zig ZAG (10): | 257.73 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 97.31 | |
| TEMA (21): | 257.66 | |
| Williams %R (14): | -1.81 | |
| Chande Momentum Oscillator (20): | 16.23 | |
| Repulse (5,40,3): | 0.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 10.48 |
| MA7: | 242.00 | |
| MA20: | 252.12 | |
| MA50: | 282.82 | |
| MA100: | 314.68 | |
| MAexp7: | 255.10 | |
| MAexp20: | 249.16 | |
| MAexp50: | 245.54 | |
| MAexp100: | 249.23 | |
| Price / MA7: | +6.63% | |
| Price / MA20: | +2.35% | |
| Price / MA50: | -8.76% | |
| Price / MA100: | -18.00% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +3.57% | |
| Price / MAexp50: | +5.09% | |
| Price / MAexp100: | +3.54% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on LULULEMON ATHLETICA INC.. At the time of publication of this analysis, the latest news was as follows:
- Lululemon Athletica Inc. Class Action: The Gross Law Firm Reminds Lululemon Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 7, 2024 - LULU
- LULU INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that lululemon athletica inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
- LULU INVESTOR ALERT: Edelson Lechtzin LLP Announces that Lululemon Athletica Inc. (NASDAQ: LULU) Shareholders Have the Opportunity to Seek Leadership Position in the Pending Securities Fraud Class Action
- Shareholders that lost money on Lululemon Athletica Inc.(LULU) should contact Levi & Korsinsky about pending Class Action - LULU
- LULU Investors Have Opportunity to Lead lululemon athletica inc. Securities Fraud Lawsuit
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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