Lloyds Banking Group · trade in management
Lloyds Banking Group gains 1.8% as money flow accelerates and the trend gains conviction
Lloyds Banking Group · trade in management
Our view last week
Lloyds Banking Group gave back 0.6% this week, rejected again at its 7-day high with a brush against the upper edge of the daily Bollinger Band: the wall between the 111 area and the 113 area still holds. Buyers, though, are pushing back - buy volume climbs to 60% from 30% the week before - and money flow stays positive. Lloyds Banking Group stays in an uptrend, with the trade well in profit in the weekly technical analysis.
This week's summary
Lloyds Banking Group pushes higher again: the week closes up 1.8% after last week's 0.6% dip, with money flow accelerating fast - CMF climbs to 0.384 from 0.234 - and ADX rising, a sign the trend is gaining conviction. The stock brushes the recent highs once more, rejected for a third straight week, but buyers stay in control with 61% of volume. The trade remains well in profit in the weekly technical analysis.
IQS Phase
80
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#9 / 59
EU-UK stocks in progress
Trade P&L %
+12.49%
from signal to today
Rank position
ranks 9th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
LLOY belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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