Lululemon price extends losses - Forecast today - 16-04-2024

Lululemon Athletica’s stock price (LULU) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI despite reaching oversold levels.

Therefore we expect the stock to decline and target the important support of $326.93, provided the resistance of $359.80 holds on.

Expected trading range: between the support of $326.93 and the resistance of $359.80.

Trend forecast: Bearish