Lloyds Banking Group plc Stock Forecast
Lloyds Banking Group plc stock price ended at 0.625€ on Friday, after gaining 0.81%.
(Updated on May 10, 2024)
The Lloyds Banking Group plc stock price gained 0.81% on the last trading day (Friday, 10th May 2024), rising from 0.620€ to 0.625€. During the last trading day the stock fluctuated 1.60% from a day low at 0.625€ to a day high of 0.635€. The price has risen in 6 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately 47.29€ thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.75% during the next 3 months and, with a 90% probability hold a price between 0.719€ and 0.774€ at the end of this 3-month period.
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LLD.DE Signals & Forecast
The Lloyds Banking Group plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 0.618€ and 0.604€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lloyds Banking Group plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.794%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lloyds Banking Group plc stock
Lloyds Banking Group plc finds support from accumulated volume at 0.610€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.0100€ (1.60%) between high and low. For the last week, the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: 0.600€ (-3.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (LLD.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Lloyds Banking Group plc to open at 0.628€, and during the day (based on 14 day Average True Range), to move between 0.607€ and 0.643€, which gives a possible trading interval of +/-0.0179€ (+/-2.87%) up or down from last closing price. If Lloyds Banking Group plc takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.630€ (0.80%) than the support at 0.610€ (2.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Lloyds Banking Group plc will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for Lloyds Banking Group plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.50% in the first trading day after earnings release.
Is Lloyds Banking Group plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lloyds Banking Group plc stock to perform well in the short-term.
Current score: 4.038 Buy Candidate Unchanged
Predicted Opening Price for Lloyds Banking Group plc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 0.628€ ( 0.533%) | 0.625€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LLD.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.638 | 2.13 % | |
| R2 | 0.635 | 1.52 % | ||
| R1 | 0.632 | 1.14 % | ||
| Current price: | 0.625 | |||
| Support | S1 | 0.625 | -0.0779 % | |
| S2 | 0.622 | -0.455 % | ||
| S3 | 0.618 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.630 | 0.80 % | ||
| Current price | 0.625 | |||
| Support | S1 | 0.610 | -2.40% | |
| S2 | 0.540 | -13.60% | ||
| S3 | 0.538 | -13.92% |
LLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 21, 2024 | 0.0216€ | 3.42% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | 0.0092€ | 1.84% |
| 3 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | 0.0160€ | 2.90% |
| 4 | Aug 04, 2022 | Aug 04, 2022 | Aug 04, 2022 | 0.0080€ | 1.48% |
| 5 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | 0.0133€ | 2.46% |
FAQ
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