The Greedy Trader Weekly Analysis
Sign In May 17, 2024
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Daily D%-Slow:< 20
Monthly DirectionUp
Number of records: 4
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Parabolic SAR Crossover - Stock market timing signals.

The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.

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- 5/10/2024 -
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Live Natio (LYV) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Lane's Stochastic is overbought
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It was a second positive week after 5 consecutive negative weeks for the Live Natio (LYV). During the week, the LYV gained 2.36 points, or 2.49%, and closed at 97.02 on Friday, May 10, 2024. LYV was trading at average weekly trading volume.

Long-term trend: [See LYV long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 76.48 and reached 107.24 on March 28, 2024. LYV gained -30.76 points, or -40.22%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (99.47) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See LYV medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 107.24 and reached 87.61 on May 2, 2024. LYV lost 19.63 points, or 18.30%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (87.17) 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 April 19, 2024. 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 May 2, 2024 at 87.61 and reached 98.18 on May 7, 2024. LYV gained -10.57 points, or -12.06%, in 5 days. The price is now at the 10.97% retracement level.

Daily Technical Indicators: [See LYV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.58
Williams' Percentage Range (W%R) 40.00
Lane's Stochastic (%D-Slow) 85.17
Overbought
Greed/Fear Indicator (GFI) 72.92
Moving Average Converg./Diverg. (MACD) -1.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.72
Williams' Percentage Range (W%R) 51.30
Lane's Stochastic (%D-Slow) 32.97
Greed/Fear Indicator (GFI) 45.42
Moving Average Converg./Diverg. (MACD) 3.24
Trading Signals
Description Value Chart
Monthly Trendline Resistance 112.61
Upper Bollinger Band 101.58
Monthly Trendline Support 99.47
50 Day Moving Average 98.58
Price 97.02
Daily Stochastic Crossing 96.54
Parabolic System 93.11
20 Day Moving Average 92.18
Weekly Stochastic Crossing 92.02
Lower Bollinger Band 87.51
Weekly Trendline Support 87.17
Weekly Trendline Resistance 86.21
Sector and Industry
Description Name Rank
Sector Communication Services 6
Industry Movies & Entertainment 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 87.61
Low Date 05/02/2024
High 98.18
High Date 05/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 86.21
Support 87.17
High 107.24
High Date 03/28/2024
Low 87.61
Low Date 05/02/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 112.61
Support 99.47
Low 76.48
Low Date 10/27/2023
High 107.24
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.32
Low Date 03/24/2023
High 107.24
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.75
High Date 11/05/2021
Low 64.32
Low Date 03/24/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.