LLOYDS BANKING GRP. ORD 10P - Daily - Technical analysis published on 09/18/2017 (GMT)

The Lloyds Bank (LSE: LLOY.L) plc is a British retail and commercial bank with branches across England and Wales. The stock price was developing within a downward sloping channel over the last three months, while during Thursday the price jumped higher until $66.60 resistance level.

From the technical point of view, the price slipped lower on Friday and lost some of the gains after the bounce off the 200-day SMA. The next level to have in mind is the $67.30 support barrier. Furthermore, a bullish run above $67.30, which overlaps with the 100-day SMA will open the way for the $69.20 resistance. The RSI indicator is slightly sloping north and the MACD oscillator is rising into the negative territory.