Bullish Case: Lowe's strong historical performance, robust 103.5% growth over five years and continual upward price trend represent solid fundamentals for further upside. The company's positioning within the thriving home improvement sector bolsters its potential.


Bearish Case: Despite historical gains, LOW's high implied volatility and a bearish sentiment seen in options trading could suggest market apprehension. The significant price-to-book ratio indicates potential overvaluation, risking downside corrections.


Potential Outcomes:

1. 40% chance of continued upward trajectory based on historical trends and market outlook.

2. 30% probability of stable price actions reflecting current market equilibrium.

3. 30% risk of downside due to high valuation and market volatility.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 23, 2024


Lowe's Cos. Forecast

LOW        Lowe's Cos.
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with LOW



CMI Forecast + Options Trading Strategies   CMI  Cummins (0.89)


IQV Forecast + Options Trading Strategies   IQV  IQVIA (0.89)


CMC Forecast + Options Trading Strategies   CMC  Commercial Metals (0.89)


HOOD Forecast + Options Trading Strategies   HOOD  Robinhood Markets (0.87)


TNA Forecast + Options Trading Strategies   TNA  Direxion Daily Small Cap Bull 3X Shares (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to LOW



HSY Forecast + Options Trading Strategies   HSY  Hershey (-0.0)


MVIS Forecast + Options Trading Strategies   MVIS  Microvision (0.0)


ADC Forecast + Options Trading Strategies   ADC  Agree Realty (-0.0)


CSCO Forecast + Options Trading Strategies   CSCO  Cisco Systems (-0.0)


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against LOW



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.73)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.73)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.8)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.83)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.84)





Become a more profitable investor with AI optimized trading strategies






×

Chat with LOW


 Ask me any question!