• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Stocks

Lincoln National Is Headed the Opposite Way of the Eagles

Shares have been in a decline the past 12 months. Let's check out the current charts.
By BRUCE KAMICH
Oct 21, 2022 | 08:19 AM EDT
Stocks quotes in this article: LNC

Insurance company Lincoln National Corp. (LNC) has been around for a long time, since 1905. Let's check out the charts and indicators of this company who has the naming rights to the home of the undefeated Philadelphia Eagles, Lincoln National Field, "The Linc."  

 
In the daily bar chart of LNC, below, we can see that the share price has been in a decline the past 12 months. Prices have been crossing above and below the 50-day moving average line but remain below the declining 200-day moving average line. The On-Balance-Volume (OBV) is weak and has declined the past few months even as prices moved sideways.
 
This decline in the OBV line is foreshadowing weaker stock prices. The Moving Average Convergence Divergence (MACD) oscillator is just below the zero line in sell territory. 
 
 
In the weekly Japanese candlestick chart of LNC, below, we see a bearish picture. Prices are trading below the declining 40-week moving average line. I can see a number of upper shadows over the past three months telling me that traders have been rejecting the highs.
 
The weekly OBV line shows weakness into late September. The MACD oscillator is bearish. 
 
 
 
In this daily Point and Figure chart of LNC, below, we can see that prices reached an upside price target of $49. 
 
 
 
In this weekly Point and Figure chart of LNC, below, a downside price target in the $34 area is shown. 
 
 
 
Bottom-line strategy: Traders and investors should avoid the long side of LNC as further declines seem likely in the weeks and months ahead.
 
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Financial Services

More from Stocks

Here's How to Lock in a Trade on a Promising Biopharma Name

Bret Jensen
Oct 1, 2023 7:15 AM EDT

This small-cap is developing a promising new gastrointestinal disease-fighting drug and has one already on the market, making it a great options play.

Elite Traders Make Big Profits Using This Trick

James "Rev Shark" DePorre
Sep 30, 2023 10:00 AM EDT

A concentrated position in the right stock at the right time is how you make exceptional profit. Here are the steps that pro traders employ to rack up huge gains.

FS Insight Weekly Roadmap: Q4 Shows Promise After 'Vortex of Pain'

Tom Lee and the FSI Team
Sep 30, 2023 9:06 AM EDT

Despite a high volume of noise, inflation remains the primary macro driver for markets, while a government shutdown could put the Fed on an automatic 'structural pause.'

3 Small-Cap Stocks With Big Dividends

Bob Ciura
Sep 30, 2023 7:00 AM EDT

These names provide shareholders with potential growth in addition to their dividends.

Here's Why Traders Are Cautious Despite Slowing Inflation

James "Rev Shark" DePorre
Sep 29, 2023 4:25 PM EDT

As we say to goodbye to a rough September, let's look what what's weighing on investor sentiment now.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 12:13 PM EDT BRUCE KAMICH

    8 Trading Rules from T. T. Hoyne

    You just read the header for this missive and prob...
  • 08:42 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    How Elite Traders Make Big Profits
  • 02:58 PM EDT BRUCE KAMICH

    Classic Trading Rules From Bernard Baruch

    Bernard Baruch listed the rules (below) in his aut...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login