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Archive - 4/5/2024 - Sign In to see current Signals. |
Las Vegas (LVS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Las Vegas (LVS). During the week, the LVS gained 1.48 points, or 2.86%, and closed at 53.18 on Friday, April 5, 2024. Weekly volume was -32% below average. Long-term trend: [See LVS long-term trend chart] A long-term uptrend had started on May 12, 2022 at 28.88 and reached 65.58 on May 1, 2023. LVS gained -36.70 points, or -127.08%, in 50 weeks. The price is now at the 33.79% retracement level. Medium-term trend: [See LVS medium-term trend chart] A medium-term uptrend had started on October 5, 2023 at 43.77 and reached 55.65 on February 16, 2024. LVS gained -11.88 points, or -27.14%, in 19 weeks. The price is now at the 20.79% retracement level. Weekly Technical Indicators: [See LVS weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See LVS short-term trend chart] A short-term downtrend had started on February 16, 2024 at 55.65 and reached 49.79 on March 22, 2024. LVS lost 5.86 points, or 10.53%, in 35 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (49.66) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend. Daily Technical Indicators: [See LVS daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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