RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LLOY.L
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Lloyds Banking Group plc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 20, 2024 Gain 18.37% PDF

The Lloyds Banking Group plc stock price gained 0.116% on the last trading day (Wednesday, 27th Mar 2024), rising from £51.61 to £51.67. During the last trading day the stock fluctuated 1.78% from a day low at £51.34 to a day high of £52.26. The price has risen in 7 of the last 10 days and is up by 4.9% over the past 2 weeks. Volume fell on the last day by -40 million shares and in total, 155 million shares were bought and sold for approximately £8.02 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £52.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.40% during the next 3 months and, with a 90% probability hold a price between £49.49 and £58.96 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

LLOY.L Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.98%. 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 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 £51.18 and £46.88. A breakdown below any of these levels will issue sell signals. 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.

Support, Risk & Stop-loss for Lloyds Banking Group plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £45.96 and £41.89. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lloyds Banking Group plc finds support just below today's level at £45.96. If this is broken, then the next support from accumulated volume will be at £41.89 and £41.88.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.92 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 1.80%.

The Lloyds Banking Group plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £50.01 (-3.21%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (LLOY.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Lloyds Banking Group plc to open at £51.76, and during the day (based on 14 day Average True Range), to move between £50.76 and £52.58, which gives a possible trading interval of +/-£0.91 (+/-1.75%) 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 3.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £51.73 (0.12%) than the support at £45.96 (11.06%), 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.

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.141 Buy Candidate Upgraded

Predicted Opening Price for Lloyds Banking Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£51.76 ( 0.170%) £51.67

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

Trading levels for LLOY.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 52.67 1.94 %
R2 52.32 1.27 %
R1 52.11 0.85 %
Current price: 51.67
Support S1 51.41 -0.507 %
S2 51.19 -0.93 %
S3 50.84 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 52.18 0.99 %
R1 51.73 0.116 %
Current price 51.67
Support S1 45.96 -11.06%
S2 41.89 -18.93%
S3 41.88 -18.95%

LLOY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 11, 2024 Apr 11, 2024 May 21, 2024 £1.84 3.56%
2 Aug 03, 2023 Aug 03, 2023 Aug 03, 2023 £0.92 2.14%
3 Feb 22, 2023 Apr 13, 2023 May 23, 2023 £1.60 3.36%
4 Jul 27, 2022 Aug 04, 2022 Sep 12, 2022 £0.80 1.70%
5 Feb 24, 2022 Apr 07, 2022 May 19, 2022 £1.33 3.06%

FAQ

What is the symbol for Lloyds Banking Group plc Stock and on which exchange is it traded?
The symbol for Lloyds Banking Group plc is LLOY.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Lloyds Banking Group plc Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Lloyds Banking Group plc Stock?
Lloyds Banking Group plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lloyds Banking Group plc Stock.

What's the current price of Lloyds Banking Group plc Stock?
As of the end of day on the 2024-03-27, the price of an Lloyds Banking Group plc (LLOY.L) share was £51.67.

What is the 52-week high and low for Lloyds Banking Group plc Stock?
The 52-week high for Lloyds Banking Group plc Stock is £52.67 and the 52-week low is £39.42.

What is the market capitalization of Lloyds Banking Group plc Stock?
As of the 2024-03-27, the market capitalization of Lloyds Banking Group plc is 33.031B.

When is the next earnings date for Lloyds Banking Group plc?
The upcoming earnings date for Lloyds Banking Group plc is Jul 25, 2024.
Click to get the best stock tips daily for free!

About Lloyds Banking Group plc

Lloyds Banking Group plc Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers. The C... LLOY.L Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT