LIVE NATION ENTERTAINMENT INC. - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 68.50 USD
My targets
66.35 USD (-0.79%)
62.92 USD (-5.92%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 68.50 USD remains possible. It is advisable to trade LIVE NATION ENTERTAINMENT INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 68.50 USD. The next bearish objective for sellers is set at 66.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 62.92 USD. In case of crossing, the next objective would be the support located at 61.37 USD. PS: if there is a bullish break in the resistance located at 68.50 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LIVE NATION ENTERTAINMENT INC. rating is 66.88 USD. The price has increased by +2.26% since the last closing and was between 65.39 USD and 67.23 USD. This implies that the price is at +2.28% from its lowest and at -0.52% from its highest.65.39
67.23
66.88
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of LIVE NATION ENTERTAINMENT INC. indicates that the overall trend is bearish. The signals given by moving averages are 75% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 61.37 | 62.92 | 66.35 | 66.88 | 68.50 | 71.26 | 73.54 |
| Change (%) | -8.24% | -5.92% | -0.79% | - | +2.42% | +6.55% | +9.96% |
| Change | -5.51 | -3.96 | -0.53 | - | +1.62 | +4.38 | +6.66 |
| Level | Major | Intermediate | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.02 | 64.31 | 64.86 | 65.15 | 65.70 | 65.99 | 66.54 |
| Camarilla | 65.17 | 65.25 | 65.32 | 65.40 | 65.48 | 65.55 | 65.63 |
| Woodie | 64.14 | 64.38 | 64.98 | 65.22 | 65.82 | 66.06 | 66.66 |
| Fibonacci | 64.31 | 64.63 | 64.83 | 65.15 | 65.47 | 65.67 | 65.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.60 | 62.38 | 63.89 | 64.67 | 66.18 | 66.96 | 68.47 |
| Camarilla | 64.77 | 64.98 | 65.19 | 65.40 | 65.61 | 65.82 | 66.03 |
| Woodie | 61.97 | 62.56 | 64.26 | 64.85 | 66.55 | 67.14 | 68.84 |
| Fibonacci | 62.38 | 63.26 | 63.80 | 64.67 | 65.55 | 66.09 | 66.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.17 | 62.55 | 66.53 | 68.91 | 72.89 | 75.27 | 79.25 |
| Camarilla | 68.75 | 69.33 | 69.92 | 70.50 | 71.08 | 71.67 | 72.25 |
| Woodie | 60.96 | 62.95 | 67.32 | 69.31 | 73.68 | 75.67 | 80.04 |
| Fibonacci | 62.55 | 64.98 | 66.48 | 68.91 | 71.34 | 72.84 | 75.27 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.21 | |
| MACD (12,26,9): | -0.7800 | |
| Directional Movement: | -0.57 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 64.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.01 | |
| Elder Ray (13): | 0.98 | |
| Super Trend (3,10): | 67.14 | |
| Zig ZAG (10): | 66.88 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 46.06 | |
| TEMA (21): | 64.47 | |
| Williams %R (14): | -42.95 | |
| Chande Momentum Oscillator (20): | -3.62 | |
| Repulse (5,40,3): | 3.8800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 11.48 |
| MA7: | 64.89 | |
| MA20: | 66.08 | |
| MA50: | 67.29 | |
| MA100: | 68.82 | |
| MAexp7: | 65.26 | |
| MAexp20: | 65.73 | |
| MAexp50: | 66.96 | |
| MAexp100: | 67.09 | |
| Price / MA7: | +3.07% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | -0.61% | |
| Price / MA100: | -2.82% | |
| Price / MAexp7: | +2.48% | |
| Price / MAexp20: | +1.75% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.31% |
News
Don"t forget to follow the news on LIVE NATION ENTERTAINMENT INC.. At the time of publication of this analysis, the latest news was as follows:
- Rakuten Partners with Live Nation Entertainment to Deliver Rewarding Music Experiences to Fans
- Live Nation Entertainment To Present At Liberty Investor Meeting
- Live Nation Entertainment Reports Third Quarter 2019 Financial Results
- Live Nation Acquires David Grutman's Groot Hospitality
- Live Nation Entertainment Schedules Third Quarter 2019 Earnings Release And Teleconference
This member declared not having a position on this financial instrument or a related financial instrument.
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