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Downtrend Broken Resist.Archive
- 9/22/2023 -
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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 dropped -4.07 points, or -4.86%, and closed at 79.75 on Friday, September 22, 2023. It was the worst weekly loss since July 28, 2023. Weekly volume was -37% 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 downtrend had started on November 5, 2021 at 127.75 and reached 64.32 on March 24, 2023. LYV lost 63.43 points, or 49.65%, in 72 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (63.17) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See LYV medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 64.32 and reached 101.74 on July 28, 2023. LYV gained -37.42 points, or -58.18%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 67.96 and resistance is at 117.85. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See LYV weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is below its signal line since August 18, 2023. 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 July 28, 2023 at 101.74 and reached 79.43 on September 7, 2023. LYV lost 22.31 points, or 21.93%, in 41 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 75.74 and resistance is at 83.87. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See LYV daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The price touches the lower Bollinger Band. 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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