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Archive
- 11/8/2024 -
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Live Natio (LYV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a ninth consecutive positive week for the Live Natio (LYV). During the week, the LYV gained 5.80 points, or 4.95%, and closed at 123.00 on Friday, November 8, 2024. It was the best weekly gain since September 13, 2024. Weekly volume was 59% above average.
LYV is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See LYV long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 64.32 and reached 127.60 on November 6, 2024. LYV gained -63.28 points, or -98.38%, in 84 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (94.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See LYV medium-term trend chart]
A medium-term uptrend had started on June 14, 2024 at 86.82 and reached 127.60 on November 6, 2024. LYV gained -40.78 points, or -46.97%, in 20 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (95.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See LYV weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 6, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See LYV short-term trend chart]
A short-term uptrend had started on September 6, 2024 at 92.57 and reached 127.60 on November 6, 2024. LYV gained -35.03 points, or -37.84%, in 61 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See LYV 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.
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