Lloyds Banking Group plc Forecast and Stock Analysis
Technical LLOY.L stock analysis for February 15, 2019.
Lloyds Banking Group plc gained 1.81% in the last trading day, rising from $57.40 to $58.44 The price has been going up and down for this period, and there has been a 0.45% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 51.46 million more shares were traded than the day before. In total, 150.70 million shares bought and sold for approximately $8 806.85 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the LLOY.L stock was $58.44. This is 1.81% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.57% from a day low at $57.23 to a day high of $58.70.
30 day high of the LLOY.L stock price was $58.77 and low was $54.93.
90 day high was $58.77 and low was $49.52.
52 week high for the Lloyds Banking Group plc - $70.39 and low - $49.52.
Lloyds Banking Group plc lies in the middle of a wide and weak 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 6.54% during the next 3 months and, with 90% probability hold a price between $55.51 and $64.64 at the end of this period.
Only positive signals in the chart today. Lloyds Banking Group plc holds buy signals from both short- and long-term moving averages. In addition, 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 $57.64 and $56.14. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Lloyds Banking Group plc finds support from accumulated volume at $56.13.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.47 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 1.55%.
Our recommended stoploss: $55.48 (-5.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
Lloyds Banking Group plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.