Loews (L) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for L · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$115.98last close · Aug 4, 202652-week range $90.53 – $121.01 · 4.16% below the high

L Rising Wedge Pattern

L is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $107.22 (−8.0%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; L's own rising wedges have hit 46.2%.

DirectionBearishTarget$107.22Projected move−8.0%Breakout level$116.05

New to this pattern? What a rising wedge is and how to trade it →

L's Most Recent Falling Wedge Trade

L's most recent completed falling wedge resolved as a win: it broke higher on Jun 9, 2026 near $107.48, then reached its target at $114.47 on Jul 14, 2026 — a +1.31R move (6.5%) over 23 sessions. Across 161 backtested falling wedges, this setup wins 55.9% of the time.

OutcomeWinResult+1.31REntry$107.48Exit$114.47

Learn about falling wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
L win rate
46.2%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

L Pattern Trade History

Every completed pattern trade our nightly backtest found on L's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 9, 2026 @ $107.48Jul 14, 2026 @ $114.47Win+1.31R
TriangleJan 12, 2026 @ $104.51Feb 4, 2026 @ $109.43Loss-1.27R
TriangleAug 4, 2025 @ $93.04Sep 2, 2025 @ $96.22Win+0.85R
Falling WedgeJun 23, 2025 @ $89.68Jul 9, 2025 @ $90.97Win+0.44R
TriangleMay 30, 2025 @ $88.84Sep 2, 2025 @ $96.22Win+3.66R
TriangleMay 21, 2025 @ $88.19Jun 23, 2025 @ $90.67Loss-1.58R
TriangleMar 17, 2025 @ $86.81Apr 4, 2025 @ $83.12Loss-1.02R
Falling WedgeNov 6, 2024 @ $82.55Dec 4, 2024 @ $85.85Win+0.45R
Falling WedgeOct 10, 2024 @ $79.15Dec 4, 2024 @ $85.85Win+2.39R
TriangleOct 7, 2024 @ $78.02Oct 14, 2024 @ $80.34Loss-1.28R
TriangleSep 24, 2024 @ $78.09Oct 14, 2024 @ $80.34Loss-1.25R
TriangleJul 12, 2024 @ $77.21Aug 2, 2024 @ $78.69Win+0.36R

L Support and Resistance Levels

Price is being turned away at a ceiling near $121.54 and starting to slide. On the weekly chart, the next floor below sits near $100.00 — about 14% away.

  • Traders commonly watch $100.00 as a target (its 50% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $121.54 ceiling about a week ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $103.02, resistance near $121.54. These are chart/swing-derived levels, not formula pivots.

Resistance
$121.54$126.35$137.26$148.90
Support
$103.02$102.63$101.97$100.12

L Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$115.50$116.25$114.00$115.98
Aug 3, 2026$116.16$117.66$115.35$116.25
Jul 31, 2026$115.68$117.21$115.01$116.01
Jul 30, 2026$117.64$118.33$115.53$116.37
Jul 29, 2026$120.18$120.18$118.45$118.94
Jul 28, 2026$119.36$121.01$118.73$119.40
Jul 27, 2026$119.02$119.02$117.20$118.54
Jul 24, 2026$114.46$118.26$114.46$117.90
Jul 23, 2026$115.07$115.69$113.60$115.63
Jul 22, 2026$113.31$115.01$113.31$114.70

L Frequently Asked Questions

What chart pattern is L forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Loews (L) on the daily chart, with a measured-move target of $107.22.
Is a rising wedge bullish or bearish?
The rising wedge detected on L is a bearish pattern, projecting a measured-move target of $107.22. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for L?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), L's nearest support is around $103.02 and nearest resistance around $121.54.
What is the price target if L's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $107.22 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was L's closing price on Aug 4, 2026?
Loews (L) last closed at $115.98 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.