Lloyds Technical Analysis (NYSE:LYG)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A LYG stock chart pattern can give those who understand technical analysis an indication of which way LYG stock is headed, but cannot predict with 100% certainty as to what can happen to the Lloyds stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Lloyds. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Lloyds stock analysis using these technical indicators helps identify trading opportunities.
Lloyds Moving Average:
Moving averages show the average price of LYG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer LYG stock price movement for the moving average to change course.
Lloyds Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Lloyds stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Lloyds bollinger bands.
Lloyds Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Lloyds MACD indicator is above 0 indicating a bullish trend.
Lloyds Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of LYG stock is 56. .