LIVE NATION ENTERTAINMENT IN (LYV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LYV - US5380341090 - Common Stock
Taking everything into account, LYV scores 4 out of 10 in our technical rating. In the past year, LYV was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, LYV does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 145.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 144.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
122.25
We found 5 important support areas.
- A support zone ranging from 140.06 to 144.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @134.69 from a trend line in the weekly time frame.
- Support @130.62 from a horizontal line in the weekly time frame.
- A support zone ranging from 125.60 to 126.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @123.48 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 145.82 to 145.82. 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 | NEUTRAL | NEUTRAL | The long term trend for LYV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LYV is up. |
| ChartMill Relative Strength | 49.86 | NEUTRAL | LYV is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of LYV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LYV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.93 | NEUTRAL | The RSI value for LYV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests LYV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.43 | OVERBOUGHT | The high Stochastics value suggests LYV may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for LYV suggests some volalility. |
| Average Directional Index/ADX (14) | 17.48 | NEGATIVE | The low ADX value for LYV suggests a weak or negative trend. |
145.52
+0.21 (+0.14%)
LIVE NATION ENTERTAINMENT IN / LYV FAQ
What is the technical rating for LYV stock?
ChartMill assigns a technical rating of 4 / 10 to LYV.
Can you provide the trend direction for LIVE NATION ENTERTAINMENT IN?
The current trend direction for LIVE NATION ENTERTAINMENT IN (LYV) is Bearish.
What is the RSI signal for LYV stock?
LIVE NATION ENTERTAINMENT IN (LYV) has an RSI value of 58.9349. This indicates that the stock is currently neutral.
What is the short term momentum for LIVE NATION ENTERTAINMENT IN (LYV) stock?
The short term momentum for LIVE NATION ENTERTAINMENT IN (LYV) is positive.