LIVE NATION ENTERTAINMENT IN (LYV) Stock Technical Analysis
NYSE:LYV - New York Stock Exchange, Inc. - US5380341090 - Common Stock - Currency: USD
Taking everything into account, LYV scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, LYV has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that LYV is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by LYV over the past year are nicely spread over this period.
LYV is one of the better performing stocks in the Entertainment industry, it outperforms 85% of 72 stocks in the same industry.
LYV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LYV is performing more or less in line with the market.
LYV has an average volume of 2911960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month LYV has a been trading in the 134.74 - 148.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, LYV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 145.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 142.55, a Stop Loss order could be placed below this zone.
More info and screens
106.20
156.22
We found 4 important support areas.
- A support zone ranging from 134.93 to 142.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @130.66 from a trend line in the weekly time frame.
- Support @126.58 from a trend line in the daily time frame.
- Support @107.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 145.81 to 146.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 153.77 to 154.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 LYV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LYV is up. |
| ChartMill Relative Strength | 92.62 | POSITIVE | LYV has a high relative strength, it outperformed 92.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LYV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LYV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LYV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.61 | NEUTRAL | The RSI value for LYV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests LYV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.7 | NEUTRAL | The Stochastics value for LYV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for LYV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.15 | NEGATIVE | The low ADX value for LYV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 146.90 | 134.73 | 12.17 (8.28%) | 12.07% |
| An entry @146.90. This is a Buy Stop order right above the resistance zone. | An exit @134.73. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.17 points, which is 8.28%. | For a 1.00% total portfolio risk, you can invest 12.07% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
143.48
-0.67 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.46%
1 Week3.56%
2 Weeks-1.06%
1 Month5.1%
3 Month20.31%
6 Month5.54%
12 Month61.67%
2 Year57.48%
3 Year73.75%
5 Year223.66%
10 Year421.94%
15 Year1273.01%
Volatility
ATR(14)3.67
ATR(20)%2.6%
ATR Inc-17.07%
Range Today3.51
ADR(20)3.39
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.62
Mansfield1.25
10 Day High147.15
10 Day Low134.74
20 Day High148.46
20 Day Low134.74
52 Week High157.75
52 Week Low87.33
CS1 End142.55
CR1 Start145.81
Volume & EV
DER(3)0.56%
DER(5)0.78%
Volume3.39M
Volume Incr51.12%
Vol(5)4.15M
Vol(50)2.91M