LYV stock: buy or sell

LYV stock price: $72.28 -3.10% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

2

LYV stock brief

  • After making all-time highs last Tuesday, Live Nation Entertainment closed at $72.28 collapsing a -3.10%
  • Live Nation Entertainment is just 7.33% below all-time highs
  • Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, the uptrend made a 50.68% gain since the beginning of this rally
  • Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments.

Should I buy Live Nation Entertainment stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $LYV stock a buy?

In the current situation of Live Nation Entertainment there is not any eligible buy setup. This doesn't mean we expect a selloff for $LYV in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Live Nation Entertainment stock?

When you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Similarly to when we have to buy shares, deciding when is the best time to sell is not a whimsy decision, and we must follow our own trading strategy. We like very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies are not intended for shorting $LYV stock

A golden rule is that you should not hold a trading operation that shows a greater losses than those expected by the time of purchase. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Live Nation Entertainment stock?

In the current situation of Live Nation Entertainment there is not any eligible sell setup, so Live Nation Entertainment stock holders with operations in green can keep their positions

Live Nation Entertainment ratings

In the last 30 days we couldn't find any rating for Live Nation Entertainment

Live Nation Entertainment stock analysis

Live Nation Entertainment shares started an uptrend last October, and gained a gorgeous 50.68%. During this uptrend, the price offered some buy points on the breakouts. Latest pullback was on January 4, when price bounced at $69.95. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $78.00 and $69.95

$LYV at new All-time Highs

Live Nation Entertainment marked new all-time highs (ATH) last Tuesday at $78.00, and cleared the field for new highs as there are no further resistances. Previous ATHs were in February 2020

SMAs overview

LYV stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $72.34 (0.08% above)
  • R2: $72.72 (0.61% above)
  • R3: $73.72 (1.99% above)
  • The current supports are:

  • S1: $71.30 (-1.36% below)
  • S2: $70.04 (-3.10% below)
  • S3: $69.95 (-3.22% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price dropped by 7.33%. The price is trading very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks

    LYV stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last November after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 50

    LYV stock RSI chart

    Live Nation Entertainment stock price history

    Live Nation Entertainment went public priced at an adjusted price1 of $11.00 on Dec 2005. Since then, LYV stock surged by 557.09%, with an average of 37.14% per year. If you had invested $1,000USD in Live Nation Entertainment stock on the IPO, it would be valued $6,570.91 today.

    1: Adjusted price after possible price splits or reverse-splits

    LYV stock price history chart

    Price target for Live Nation Entertainment stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. If you are a small trader you shouldn't invest based on these predictions.

    We don't have any target price posted in the last 4 weeks for Live Nation Entertainment.

    Earnings and financials

    Last November, Live Nation Entertainment, Inc. ($LYV) reported adjusted EPS for that missed Wall St. expectations. Quarterly EPS was $-2.45 per share compared to the forecasted $-2.21. This quarterly report represents an earnings surprise of -10.86%. Predicted revenue for Q3 was $198.9 million but Live Nation Entertainment slightly lowered by 7.49%, reporting $184.0 million.

    By comparison, the EPS for the same quarter last year was $0.71, so reported EPS means a decrease of -445.07%. Turnover dropped a -95.12% on an annualized basis in the , from $37.7B to $1.8B last quarter.

    LYV ($LYV) is hosting the earnings call late next February. Forecasted for this quarter is $-2.33, compared to $-2.45 that was reported for Q3.

    Live Nation Entertainment performance

    LYV performance compared
    Company1m3m6m
    Live Nation Entertainment ($LYV) -0.20% 29.50% 50.80%

    Disclaimer:
    The viewpoints published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the specific circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational reasons only

    LYV summary

    Friday, January 22nd, 2021
    Open$73.5
    Close$72.28
    Day range$72.02 - $74.34
    Previous close$74.59
    Session gain-3.10%
    Average true range$3.32
    50d mov avg$70.68
    100d mov avg$62.84
    200d mov avg$54.64
    Earnings dateFebruary 25th, 2021

    Frequently asked questions

    What is Live Nation Entertainment stock symbol?

    Live Nation Entertainment, Inc. is a public company trading in the US stock market with the LYV symbol

    Is Live Nation Entertainment stock a buy or sell?

    Live Nation Entertainment had no ratings in the last 30 days Read the article to get additional tips on trading LYV stock.

    Will LYV go up?

    There were no price targets published by market analysts in the last 4 weeks for Live Nation Entertainment.