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Takip Edin: @UscMarketsLYG Stock Forecast & Lloyds Banking Group Chart Analysis
This article provides a detailed analysis of LYG-Lloyds Banking Group stock including a forecast for LYG shares. It features Lloyds Banking Group plc 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
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
LYG Historical Data Review
LYG Current Price Performance Analysis
The Lloyds Banking Group - LYG stock traded on the American stock market, on 06-05-2024, closed at 2.79$ with a %-1.41 decreased compared to the previous day.
In the last month, the price of LYG changed by %6.08 increased in value, from 2.63 dollars on 05-06-2024 to 2.79 dollars, increased.
Last year, the price of LYG was 2.24 dollars on 06-06-2023, and changed by %24.55 increased in value, to 2.79 dollars increased within a year.
The price of Lloyds Banking Group 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.
LYG with AI Stock Forecast & Price Target
On the LYG chart Lloyds Banking Group price was recorded as 2.79 Dollars on 06/05/2024.
The artificial intelligence's forecast on LYG stock is as follows.
The artificial intelligence's prediction error margin for LYG stock is very 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 Lloyds Banking Group stock over the next 4 months is: 2.3 Dollars.
The commentary on LYG stock Target Price: Highest: 2.627 Dollars is predicted.
The commentary on LYG stock Target Price: Lowest: 2.082 Dollars is predicted.
Resistance Price where Lloyds Banking Group stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-03-2024 | 2.401 |
| 12-12-2024 | 2.383 |
Support Price where Lloyds Banking Group stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 11-07-2024 | 2.214 |
The commentary on LYG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Lloyds Banking Group stock by the end of 2024 is predicted to be 2.326 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on LYG stock, and the 2024 target price predictions for Lloyds Banking Group are detailed above.
The technical analysis and charts for the commentary on LYG stock are below.
LYG Support & Resistance and Trend Analysis
LYG stock you have reviewed the technical analysis support resistance charts regarding.
LYG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the LYG review, the Lloyds Banking Group 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.
Lloyds Banking Group Support and Resistance Prices:
| LYG Support Level Price | LYG Resistance Level Price |
|---|---|
| 2.00 | 2.19 |
| 2.04 | 2.27 |
| 2.08 | 2.44 |
| 2.27 | 2.45 |
| 2.42 | 2.72 |
| 2.47 | 2.87 |
| 2.72 |
LYG Technical Analysis: SMA, RSI, MACD
Upon reviewing the LYG chart, buy and sell signals have been generated in the Lloyds Banking Group 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 LYG stock are as follows:- The technical analysis for LYG indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Lloyds Banking Group 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.
You have read the comments, technical analyses, target prices, and financial reports for Lloyds Banking Group stock: Click here to read more predictions on Grupo México stock.
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