Lloyds Technical Analysis (NYSE:LYG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Lloyds stock price data and volume are plotted in LYG stock charts and these trading charts form the basis of technical analysis.
See Lloyds bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Lloyds stock analysis that does not care for the fair value of a company but uses price and volume data only.
Lloyds Moving Average
Moving averages show the LYG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Lloyds are mostly signals of long term trends and will help long term traders.
Lloyds Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the LYG stock. The stock price is trading between the average and the upper band in the context of Lloyds bollinger bands.
Lloyds Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Lloyds MACD indicator is below 0 indicating a bearish trend.
Lloyds Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 50 is the RSI value of LYG stock.