LLOYDS BANKING GROUP PLC ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	LYG
ISIN:

LLOYDS BANKING GROUP PLC ADS - 1H - Technical analysis published on 11/24/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
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Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2.12 USD

My targets

2.18 USD (+1.87%)

2.32 USD (+8.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LLOYDS BANKING GROUP PLC ADS as long as the price remains well above 2.12 USD. The buyers' bullish objective is set at 2.18 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.32 USD. If there is any crossing, the next objective would be the resistance located at 2.39 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

LLOYDS BANKING GROUP PLC ADS rating 2.14 USD. The price registered an increase of +2.39% on the session with the lowest point at 2.10 USD and the highest point at 2.14 USD. The deviation from the price is +1.90% for the low point and 0% for the high point.

2.10

2.14

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by LLOYDS BANKING GROUP PLC ADS:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this LLOYDS BANKING GROUP PLC ADS chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.08	2.12	2.14	2.14	2.18	2.32	2.39
Change (%)	-2.80%	-0.93%	0%	-	+1.87%	+8.41%	+11.68%
Change	-0.06	-0.02	0	-	+0.04	+0.18	+0.25
Level	Major	Minor	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.06	2.07	2.08	2.09	2.10	2.11	2.12
Camarilla	2.09	2.09	2.09	2.09	2.09	2.09	2.10
Woodie	2.06	2.07	2.08	2.09	2.10	2.11	2.12
Fibonacci	2.07	2.08	2.08	2.09	2.10	2.10	2.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.92	1.97	2.05	2.10	2.18	2.23	2.31
Camarilla	2.10	2.12	2.13	2.14	2.15	2.16	2.18
Woodie	1.95	1.98	2.08	2.11	2.21	2.24	2.34
Fibonacci	1.97	2.02	2.05	2.10	2.15	2.18	2.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.57	1.72	1.82	1.97	2.07	2.22	2.32
Camarilla	1.84	1.86	1.89	1.91	1.93	1.96	1.98
Woodie	1.54	1.71	1.79	1.96	2.04	2.21	2.29
Fibonacci	1.72	1.82	1.88	1.97	2.07	2.13	2.22

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.30
MACD (12,26,9):	0.0000
Directional Movement:	7.18
AROON (14):	71.43
DEMA (21):	2.12
Parabolic SAR (0,02-0,02-0,2):	2.08
Elder Ray (13):	0.02
Super Trend (3,10):	2.08
Zig ZAG (10):	2.14
VORTEX (21):	0.9800
Stochastique (14,3,5):	96.67
TEMA (21):	2.11
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	1.8300
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.43

MA7:	2.12
MA20:	2.04
MA50:	2.06
MA100:	2.12
MAexp7:	2.12
MAexp20:	2.11
MAexp50:	2.10
MAexp100:	2.08
Price / MA7:	+0.94%
Price / MA20:	+4.90%
Price / MA50:	+3.88%
Price / MA100:	+0.94%
Price / MAexp7:	+0.94%
Price / MAexp20:	+1.42%
Price / MAexp50:	+1.90%
Price / MAexp100:	+2.88%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on LLOYDS BANKING GROUP PLC ADS. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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