Lloyds, buyers keep tightening their grip
Lloyds Banking Group stock rises 1.1% as buyers tighten their grip
Lloyds, buyers keep tightening their grip
Our view last week
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.
This week's summary
Lloyds Banking Group stock closes the week up 1.1%, with buyers firmly in charge - 71% of volume, up from just 30% a month ago. The stock also bounced 3% off its own daily 20-day moving average, and all four weekly structural averages stay aligned to the upside. Europe's bank stocks are moving the same way, and this technical analysis shows the trade now sits at +13.68% since entry.
IQS Phase
47
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#11 / 61
EU-UK stocks in progress
Trade P&L %
+13.68%
from signal to date, no stop loss
Rank position
ranks 11th among the 61 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 +2.05% · monthly +3.45%
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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