London Stock Exchange Group plc Stock Forecast

Green day on Friday for London Stock Exchange Group plc stock after gaining 0.95%
(Updated on May 31, 2024)

LNSTY Signals & Forecast

The London Stock Exchange Group plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $29.68. On a fall, the stock will find some support from the long-term average at approximately $29.07. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, May 24, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for London Stock Exchange Group plc stock

London Stock Exchange Group plc finds support from accumulated volume at $29.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.260 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.65%.

Our recommended stop-loss: $28.57 (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (LNSTY) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect London Stock Exchange Group plc to open at $29.59, and during the day (based on 14 day Average True Range), to move between $29.01 and $30.21, which gives a possible trading interval of +/-$0.603 (+/-2.04%) up or down from last closing price. If London Stock Exchange Group plc takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.46 (0.51%) than the resistance at $29.99 (1.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is London Stock Exchange Group plc stock A Buy?

London Stock Exchange Group plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.482 Hold/Accumulate Unchanged

Predicted Opening Price for London Stock Exchange Group plc of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.