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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Live Natio (LYV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Live Natio (LYV). During the week, the LYV climbed 1.01 points, or 0.76%, and closed at 133.77 on Friday, May 2, 2025. Weekly volume was 7% above average.
LYV is a member of Communication Services Sector. Communication Services is the second 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 157.50 on February 24, 2025. LYV gained -93.18 points, or -144.87%, in 100 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See LYV medium-term trend chart]
A medium-term downtrend had started on February 24, 2025 at 157.50 and reached 112.90 on March 13, 2025. LYV lost 44.60 points, or 28.32%, in 2 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (113.52) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. LYV may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See LYV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. 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 April 7, 2025 at 113.20 and reached 134.81 on May 2, 2025. LYV gained -21.61 points, or -19.09%, in 25 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 129.84 and resistance is at 135.50. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See LYV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 8, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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