LYV stock: buy or sell
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
Supports and resistances
The current resistance levels are:
The current supports are:
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
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
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 $6,570.91 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Live Nation Entertainment stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. If you are a small trader you shouldn't invest based on these predictions.
We don't have any target price posted in the last 4 weeks for Live Nation Entertainment.
Earnings and financials
Last November, Live Nation Entertainment, Inc. ($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 $-2.45 that was reported for Q3.
Live Nation Entertainment performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Live Nation Entertainment ($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 onlyLYV 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 date | February 25th, 2021 |