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Takip Edin: @UscMarketsLNVGY Stock Forecast & Lenovo Group Limited Chart Analysis
This article provides a detailed analysis of LNVGY-Lenovo Group Limited stock including a forecast for LNVGY shares. It features Lenovo Group Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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LNVGY Historical Data Review
LNVGY Current Price Performance Analysis
The Lenovo Group Limited - LNVGY stock traded on the American stock market, on 06-05-2024, closed at 28.51$ with a %-1.18 decreased compared to the previous day.
In the last month, the price of LNVGY changed by %20.86 increased in value, from 23.59 dollars on 05-06-2024 to 28.51 dollars, increased.
Last year, the price of LNVGY was 19.0 dollars on 06-06-2023, and changed by %50.05 increased in value, to 28.51 dollars increased within a year.
The price of Lenovo Group Limited stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
LNVGY with AI Stock Forecast & Price Target
On the LNVGY chart Lenovo Group Limited price was recorded as 28.51 Dollars on 06/05/2024.
The artificial intelligence's forecast on LNVGY stock is as follows.
The artificial intelligence's prediction error margin for LNVGY stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Lenovo Group Limited stock over the next 4 months is: 27.4 Dollars.
The commentary on LNVGY stock Target Price: Highest: 31.03 Dollars is predicted.
The commentary on LNVGY stock Target Price: Lowest: 22.756 Dollars is predicted.
Resistance Price where Lenovo Group Limited stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 28.022 |
| 12-27-2024 | 29.826 |
| 02-05-2025 | 28.789 |
Support Price where Lenovo Group Limited stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 22.756 |
| 10-18-2024 | 26.200 |
| 01-31-2025 | 28.754 |
| 03-07-2025 | 28.122 |
The commentary on LNVGY stock: The target price can generally be said to be on the rise.
The commentary on LNVGY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Lenovo Group Limited stock by the end of 2024 is predicted to be 29.826 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on LNVGY stock, and the 2024 target price predictions for Lenovo Group Limited are detailed above.
The technical analysis and charts for the commentary on LNVGY stock are below.
LNVGY Support & Resistance and Trend Analysis
LNVGY stock you have reviewed the technical analysis support resistance charts regarding.
LNVGY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the LNVGY review, the Lenovo Group Limited support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Lenovo Group Limited Support and Resistance Prices:
| LNVGY Support Level Price | LNVGY Resistance Level Price |
|---|---|
| 19.79 | 22.50 |
| 20.12 | 25.35 |
| 20.56 | 25.49 |
| 22.44 | 25.86 |
| 22.47 | 26.42 |
| 22.70 | 26.78 |
| 24.12 | 28.00 |
| 25.15 | 28.79 |
| 25.30 | 29.68 |
| 28.26 | 30.25 |
LNVGY Technical Analysis: SMA, RSI, MACD
Upon reviewing the LNVGY chart, buy and sell signals have been generated in the Lenovo Group Limited technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for LNVGY stock are as follows:- The technical analysis for LNVGY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Lenovo Group Limited indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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