Live Nation Entertainment Technical Analysis (NYSE:LYV)
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 LYV stock chart pattern can give those who understand technical analysis an indication of which way LYV stock is headed, but cannot predict with 100% certainty as to what can happen to the Live Nation Entertainment stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Live Nation Entertainment. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Live Nation Entertainment stock analysis.
Live Nation Entertainment Moving Average
Moving averages help predict the price direction of LYV stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $50.95 is below the price of $52.39.
Live Nation Entertainment Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Live Nation Entertainment. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Live Nation Entertainment bollinger bands show that the stock price is $52.39, upper band is 54.72, lower band is 47.19, and the average is 50.95.
Live Nation Entertainment Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Live Nation Entertainment MACD indicator can be used to identify bullish and bearish trends for the stock.
Live Nation Entertainment Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of LYV stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.