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Casinos & Gaming Industry Stocks Technical Analysis - LVSArchive
- 4/19/2024 -
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Las Vegas (LVS) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Las Vegas (LVS). During the week, the LVS dropped -4.97 points, or -9.86%, and closed at 45.46 on Friday, April 19, 2024. Weekly volume was 113% above average.
 Long-term trend: [See LVS long-term trend chart]
A long-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 chart has formed a Rising Channel chart pattern. The uptrend support line (50.53) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. LVS may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
 Medium-term trend: [See LVS medium-term trend chart]
A medium-term downtrend had started on February 16, 2024 at 55.65 and reached 45.40 on April 19, 2024. LVS lost 10.25 points, or 18.42%, in 9 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See LVS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 April 4, 2024 at 54.54 and reached 45.40 on April 19, 2024. LVS lost 9.14 points, or 16.76%, in 15 days. Price is near the trend low.
 Daily Technical Indicators: [See LVS daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
6 |
| Industry |
Casinos & Gaming |
33 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
54.54 |
| High Date |
04/04/2024 |
| Low |
45.40 |
| Low Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
55.65 |
| High Date |
02/16/2024 |
| Low |
45.40 |
| Low Date |
04/19/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
55.27 |
| Support |
50.53 |
| Low |
43.77 |
| Low Date |
10/05/2023 |
| High |
55.65 |
| High Date |
02/16/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
65.58 |
| High Date |
05/01/2023 |
| Low |
43.77 |
| Low Date |
10/05/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
28.88 |
| Low Date |
05/12/2022 |
| High |
65.58 |
| High Date |
05/01/2023 |
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