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Uptrend ExhaustionArchive
- 12/13/2024 -
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Live Natio (LYV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Live Natio (LYV). During the week, the LYV gave back -0.76 points, or -0.56%, and closed at 136.00 on Friday, December 13, 2024. Weekly volume was -6% below 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 141.20 on November 25, 2024. LYV gained -76.88 points, or -119.53%, in 87 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (96.41) 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 141.20 on November 25, 2024. LYV gained -54.38 points, or -62.64%, in 23 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 88.71 and resistance is at 146.90. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See LYV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Relative Strength Index 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See LYV short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 141.20 and reached 133.74 on December 5, 2024. LYV lost 7.46 points, or 5.28%, in 10 days. The price is now at the 30.29% retracement level.
 Daily Technical Indicators: [See LYV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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