April 15 Chart of the Day - Lululemon
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
Lululemon (LULU) shares have taken a hit - down more than 20% over the past month as escalating tariff tensions and broader trade war concerns weigh on investor sentiment.
Once a high-flying retail name praised for strong margins and brand loyalty, LULU is now facing the reality of shifting consumer dynamics and rising geopolitical risk.
With price action breaking down through key support zones, the critical question for traders and investors alike is this: Where could the stock be headed next?
Let’s dig into the chart.
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When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next moves for the stock.
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Monthly Chart
On the monthly chart we can see that after reaching an all-time high of $516.39 back in December 2024 the stock experienced a sharp decline to around $225.
It then staged a strong rebound, climbing back up near the $425 before being firmly rejected back down.
While these are technically valid price action cycles, they remain largely out of favor with investors.
Weekly Chart
On the weekly chart we can see with much more clarity the volatile up and down cycles.
If price can't hold last summer's $225 low it may want to visit the $215 area where it would have a major decision to make.
Nonetheless, it’s evident that for over ten years, price consistently formed higher highs and higher lows - signaling a long term up trend.
During this span we can see that price crossed a change control zone (long gray rectangle) roughly between $330 and $350 a whopping 30 times.
Change control zones are one of the five price action tools we teach when charting anything. By definition, they are an area that represents where neither the bulls nor bears are in charge. Price can slash through the zone with seemingly reckless abandon, price can respect the top or bottom from outside it or within it. Or, price can trade aimlessly sideways within it. When price breaks away from the zone it can often get drawn back to it like a magnet. And in this case we see all of the above are true.
One thing is certain in the markets: price moves in cycles. It rises and falls across all time frames and charts, and never travels in a straight line.
Only time will tell for sure what price will do next...
We've layered in traditional Fibonacci levels as well as support/resistance and trend to help identify potential price levels of interest and/or future price targets.
Armed with precision oriented charts like these both traders and investors can formulate their respective plans.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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