 stock is in a downward trend. LULU stock recently reversed from a critical resistance level.){kind=link}
- Lululemon Athletica Inc. stock price reversed from the resistance level.
- LULU stock’s MACD line is forming a red histogram.
- LULU stock has given a negative return in the past three months.
Lululemon Athletica Inc. (NASDAQ: LULU) stock is in a downward trend. LULU stock recently reversed from a critical resistance level, forming a pattern of lower lows.
LULU stock is currently trading at $369.80, with a rise of 0.4% in today’s market session. The stock has an average trading volume of $1.23 Million and a share float of 110 Million shares. The return on asset of the stock has declined by 1.9% YoY.
Lululemon Athletica Inc. (LULU) does not offer dividends to its shareholders, indicating potential concerns about the company’s financial performance, which could affect investor interest in establishing new positions.
Lululemon Athletica Inc.’s income statement reveals a decline in the profit margin percentage and net income. In 2021, the profit margin stood at 15.59%, but it decreased to 10.59% in 2022, signaling a financial downturn for the company.
Lululemon Athletica Inc.’s stock price made a high of $485 before facing a significant decline, ultimately falling by nearly 45% to $260. Currently, the stock is confined within a triangular pattern, indicative of a weak pattern and an overall negative trend for the stock. This points to a potential price drop in the future.
Over the past year, the stock has given a negative return of -0.2%, with a consistent pattern of registering lower lows in the last three months, underscoring the bearish sentiment.
The majority of the top 26 technical indicators present a strong ‘sell’ signal for Lululemon Athletica Inc. (LULU) stock.
Lululemon Athletica Inc., Inc. (LULU) Stock Price Analysis
LULU by writer50_tcr on TradingView.com
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