LULU BreakoutLULU currently showing some strength compared to the market.
Price is breaking out from the channel.
I am waiting for the candle close so I can find an entry
LULU trade ideas
One Good Trade: LULU Following Other Consumer StocksOther consumer stocks are looking strong right now. LULU is no exception. I think their movement is largely dependent on the federal reserve decision today on rate cuts.
Lululemon set to breakout as bullish sentiment reignsKey Insights: Lululemon's recent price action indicates potential upward
movement as it rebounds from previous lows. With recent trends suggesting a
bullish momentum, investors should look for opportunities to capitalize on
possible breakout conditions around the $400 resistance level. The stock's
current positioning invites longer-term prospects for those willing to
navigate the volatility.
- Price Targets: Based on professional traders' wisdom: Next week targets:
T1=398, T2=405 Stop levels: S1=385, S2=380
- Recent Performance: Lululemon has shown resilience after significant price
fluctuations, recovering from lows in the $360-370 range to a current market
price of $386.67. The approach to the critical resistance level at $386
suggests a pivotal moment as bullish volume gathers support while attempting
to breach upward.
- Expert Analysis: Analysts express optimism regarding Lululemon's trajectory,
highlighting the consolidation around critical price levels that could lead
to a breakout. Market sentiment is leaning positively as traders speculate
on the stock crossing the resistance threshold at $400, which could invite
further buying interest and an optimistic trend moving forward.
- News Impact: While no specific recent news has emerged, industry trends
indicate a favorable environment for health-focused apparel brands. Investor
attention should remain focused on any developments from Lululemon or
overarching market shifts that could impact consumer sentiment or retail
dynamics, especially as the stock hovers near key resistance levels.
LULU, a stock to watch!Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons.
- The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's.
- Margins for the company have all been steady, and remain an industry leader.
- Lululemon is still set to see 10% CAGR for EPS in the next 5 years. (consensus)
- The stock is seeing a severe correction, on par with its past decade corrections.
Above is bullish sentiment on LULU, and can be considered the "bull/base case"
Personally, I have not turned bullish on LULU yet, but with the levels it is reaching it has most certainly caught my eye and has been added to my watch list. While the stock is seeing oversold levels, I think the midterm outlook can still remain bearish for Lululemon. Below are reasons why the short/midterm outlook for LULU may not be optimal.
- Weaker forward projections compared to last 5 years.
Though LULU is expecting 10% CAGR EPS for the next 5 years, that is just a fraction of its last 5 year CAGR of 38.55%. While projections are still positive, they have certainly dampened compared to recent years' growth.
- Macroeconomic environment.
Though the economy remains hot/fine for now, there have been warning signs flashing of a rising unemployment figure across the country. With suboptimal economic conditions, the average consumer may cut down on expensive Lululemon clothing.
These Macro conditions may also continue to dampen the economy, which can cause an overall market correction, where LULU would likely follow the sentiment.
Overall, I believe that LULU offers significant reward, but the shorter term horizon is still worrisome for Lululemon and the global economy. Lululemon is a leader in the Retail Trade sector and dominates when it comes to profitability. The stock is definitely one to keep an eye on if it continues to get crushed.
Regarding technicals, I am watching this demand zone around the 200 level. The stock could trend down to this area, and reach close to COVID-19 lows if sentiment does not change. This area could also offer significant R/R for an entry point.
Disclosure: I currently hold no position in LULU stock, and have never been a shareholder.
$LULU - falling wedge breakoutLULU - seeing falling wedge breakout here on daily time frame. looking for calls above $390 for a move towards $400 and higher. Company reported better than expected earnings recently. Stock is decent on indicators.
LULU - Exciting chart and predictable liquidity buildThe story of this chart is definitely bullish and while I am continuing to average into a position of shares here, I do want to identify a confirmation point where we can potentially play some longer-term options and catch the subsequent breakout of the $420 cup/neckline that we've created.
Let's see some confirmations of HTF controlled selling along with LTF controlled buying (in order to get one more pullback to demand at $470/bottom of strong buying continuation.
Happy Trading :)
Lululemon (LULU) - Trend Channel Setup with Strong TargetLululemon is consolidating within a descending channel following a strong impulse move (wave iii). The price is currently forming wave iv and respecting support near $371.70. A breakout from this channel could trigger the next leg higher toward the key Fibonacci targets.
Setup Details:
- Entry Zone: ~$390.60
- Stop-Loss: $371.70
- Target 1: $409.96
- Target 2: $449.27
Key Observations:
- Trend remains bullish supported by wave structure.
- EMA ribbons below price indicate bullish momentum support.
- Watch for breakout confirmation above resistance to trigger the trade.
Risk/Reward: Attractive 1:3+ setup. 📊
#LULU #Trading #NASDAQ #StockMarket
LULU Major Trend RetestLULU has been on a huge run since August to recover the majority of the losses from earlier in the year. Now it's all the way back up to the major trendline it broke below earlier this year that started in 2020.
Coming in for the first retest, would expect a rejection of some sort here. Downside target would be around $356, upside is around $450.
LULU SELL ++++ $415 and addI am looking to start a short position in LULU at $415, I would add every $5, its extremely overbought here and can go a little higher on this stent before correcting. We could test $369 in coming weeks and gap fill
Maximize Returns: Consider Long Positions on LULU next weekRecent Performance: Lululemon Athletica Inc. has shown significant strength
recently, reflecting a positive trajectory in the consumer discretionary
sector. The stock is benefiting from an uptick in consumer spending, with
robust sales growth supported by a strong post-pandemic focus on health and
fitness. The company’s performance has been commendable, outperforming many
peers while maintaining brand loyalty and community engagement.
- Key Insights: Investors should note Lululemon's consistent innovation in
product offerings and strategic expansion into both domestic and
international markets. The company’s enhanced e-commerce capabilities and
focus on sustainable practices are critical growth drivers, appealing
particularly to the environmentally-conscious younger audience. The overall
sentiment is to adopt a buying stance as the stock continues to gain
traction.
- Expert Analysis: Market experts maintain a positive outlook, with a consensus
rating leaning towards ‘buy’. Analysts highlight Lululemon's strong brand
equity and innovative product strategy. The company’s solid quarterly
earnings and forward-looking actions position it well within the competitive
retail landscape, fostering confidence in continued growth.
- Price Targets: Based on current analysis, next week targets are set as T1 at
$410 and T2 at $420. Key stop levels are S1 at $375 and S2 at $360. This
placement of targets and stops reflects a conservative yet optimistic
approach to positioning in LULU, aligning with current market dynamics.
- News Impact: Recent developments include Lululemon's quarterly earnings
beating expectations with strong online sales. New product lines and
collaborations have also generated market interest. The company's
international expansion strategy and commitment to sustainability through
recycled materials significantly enhance brand loyalty, making it a
compelling investment option moving forward.
LULU targeting 377-386Price has recovered sharply from an equally sharp pullback which bounced off the 0.382 retracement of the move up from the Oct 03 low. Price seems like it will soon hit the 0.618 retracement of the larger move down from ATHs.
LULU: 377-397 taking profit1. LULU weekly chart within a giant megaphone.
2. Regardless of counting the bounce from the drop, or the extension from the initial rise, 377-397 is the area I will take some profit. Will keep some position to see the next stage pattern.
3. Ideally I want to see some consolidation here. Cup Handle? Or more identifiable wave pattern.
LULU buyingThere is a head and shoulders pattern targeting approximately 439 level. It may reach the target if the company’s results are positive because there is an announcement after the market closes today.
Dark Pool Accumulation Patterns Ahead of EarningsNASDAQ:LULU is working on completion of its long-term bottom. It has good PSHI and has been trending up for a while. The company reports this week. It may gap on earnings news. The steady but slower-paced improvement in price is indicative of Dark Pool accumulation.
$LULU - What do you think?NASDAQ:LULU hits the perfect VWAP and 200DMA crossing resistance and then pulled back. The earnings report (ER) will determine whether there is a checkback to the trendline or a breakout above the 200 DMA.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37.
Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term.
NASDAQ:LULU
$LULU - $322 level break for upside. LULU - Stock rejecting $322 area multiple times and making a flat top. looking for calls above that level for a move towards $333 and $350. Stock is strong on indicators. Stock recently broke out of trendline channel.
7th time pushing for another area of resistance to 340sAs analysts take a bullish stance on price analysis, it does seem to be running on all counts at 337 on the BB Keltner breakout and 341 on the upper Bollinger; other indicators have been swinging much of the time, hovering over 80 but staying put in a strong stance against the bears. We could see a continued run to 350 before that cycle breaks.
LULU - lululemon athleticalululemon athletica, Inc. engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.
Lululemon Athletica in dailyDaily chart, we notice a slight upward trend.
The EMA7 and the SMA20 are oriented upwards. However, the SMA200 is still pointing south!
I will start to take an interest in the file, as soon as the simple 200-day average is crossed.
On the chart, the high volume areas are indicated by level.
Make your opinion, before placing an order.
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Buy LULU, don’t just shop there. Ticker: LULU
Key data:
* Market cap: $37.3b
* PE: 21.92
Execution metrics:
* Entry: $291.63
* TP: $318.34
* SL: $221.68
Profit paths:
* Buy shares at market open
* Dec 320/290 Bull Put
Technical Support:
* Money flow: Positive
* POI: 1 ATR
* Justification: Leaving demand. Relief after creating new low. Fresh supply to test .
Fundamental Support:
* Analyst 1Y target: $311.32
* Next earnings: Dec 5 2024
* Justification: strong revenue YoY, net income increasing YoY, short + long term assets > liabilities
LULU stock on the cusp of a major reboundLULU stock appears oversold after a downward trend reached key support around $250. The stock seems to have bottomed over the past month. If it holds above the $250 support level, it is poised to break out of the consolidation pattern and move upward toward the resistance zone between $360 and $380.
