LLOYDS BANKING GROUP PLC-ADR (LYG) Stock Technical Analysis
USA - NYSE:LYG - US5394391099 - ADR
We assign a technical rating of 10 out of 10 to LYG. Both in the recent history as in the last year, LYG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although LYG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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3.03
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.56 to 4.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.39 from a horizontal line in the daily time frame.
- A support zone ranging from 4.26 to 4.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.06 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LYG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LYG is up. |
| ChartMill Relative Strength | 91.06 | POSITIVE | LYG has a high relative strength, it outperformed 91.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LYG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LYG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LYG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.24 | OVERBOUGHT | The high RSI value suggests LYG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LYG has a positive trend. |
| Stochastics (14,3) | 94.66 | OVERBOUGHT | The high Stochastics value suggests LYG may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for LYG suggests low volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for LYG suggests a possible start of a new trend. |
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+0.05 (+1.01%)
LLOYDS BANKING GROUP PLC-ADR / LYG FAQ
What is the technical rating for LYG stock?
ChartMill assigns a technical rating of 10 / 10 to LYG.
What is the current trend direction of LLOYDS BANKING GROUP PLC-ADR (LYG) stock?
The current trend direction for LLOYDS BANKING GROUP PLC-ADR (LYG) is Bullish.
What is the RSI signal for LLOYDS BANKING GROUP PLC-ADR (LYG) stock?
LLOYDS BANKING GROUP PLC-ADR (LYG) has an RSI value of 74.2391. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for LLOYDS BANKING GROUP PLC-ADR?
The buy/sell signal for LLOYDS BANKING GROUP PLC-ADR (LYG) is buy as both the short term and long term trends are positive.
What is the support and resistance level for LYG stock?
LLOYDS BANKING GROUP PLC-ADR (LYG) has a support level at 4.66. Check the full technical report for our detailed analysis of LYG support and resistance levels.