Impact

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LLOY stock price was down by 0.12% in the last trading session and is currently trading at £42.950.</a> </li> 
 <li> <span>2</span> <a>Lloyds Banking Group’s share (NYSE: LLOY) made a breakout of the trendline resistance showing a pre-result effect</a> </li> 
</ul> 
<p>LLOY stock price had been in a declining trend losing nearly 25% of its value since February 2023 sliding down forming lower highs and lower lows. The price also suffered multiple rejections from an upper trendline resistance indicating the dominance of the sellers at the upper levels.&nbsp;</p> 
<p>The LLOY price experienced strong buying pressure near the £40 level followed by an attempt by the buyers to shift the trend and it made a breakout of the trendline resistance. However, the poor results discouraged the buyers and the price slid down, suffering rejection from the 200 EMA.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2020/03/02/a-cryptocurrency-wallet-insurance-launched-by-lloyds/" target="_blank" rel="noopener noreferrer nofollow">Lloyds Banking Group </a>(NYSE: LLOY) provides banking and financial services to personal and business customers. It has four segments: retail, commercial banking, Insurance and Wealth, and Other. The retail segment offers various products, such as current accounts, savings, mortgages, motor finance, and unsecured consumer lending.</p> 
<h2 class="wp-block-heading" id="strong-lloy-stock-price-showed-strength-but-faded-after-the-results-strong"><strong>LLOY&nbsp; Stock Price Showed Strength But Faded After The Results</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/9HjIWWvRaXUywLAMrrk_9ccaigWm-ZeC7N79GGGpqq9vEwHYb7a2OLoy6LMqFmM2XGh3jZvLBF5Hn8Re-wvfWWvwsGqW5gYo6HnhRhy2wO84gVh_gANm5kIf3rT4rSA8jnDcs0CfS2zIq8quV4SQ4C0W91DCaYFfQ3LdC7bP5ky7CMEX9hJB7GCkCsn3" alt="LLOY Stock Price Analysis: Will Results Impact the Changing Trend?"> 
  <figcaption class="wp-element-caption">
    Source: Lloyds Banking Group 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, LLOY stock price is trading at £42.95 and declining toward the nearest support zone. The quarterly results stood at 1.62% less than estimations and the revenues reported 5.75% below expectations. The poor quarterly results discouraged the investors and the price lost nearly 8% of its value in the past 2 weeks.&nbsp;</p> 
<p>The analysts say that the short-term selling pressure may continue if the price manages to break below the £42.300 level which may drag the price to £40.50 level.</p> 
<p>The long-term outlook of the price trend is neutral to bearish until the price remains below the previous swing high and 200 EMA.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-signaling-weakness-in-the-stock-price-strong"><strong>Technical Indicators Signaling Weakness in the Stock Price</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/zUSjRQV20X-TZsdjUIFqIgkVa7hznm9d1cdAxe9W-jZmj65KJehGQJg5WMsYoHd9ewSUCRVW1ZhitSN95_TEhkwoeGB54_B3x1keBor9UOTqJVeJmUVVVAVlnD4n446rp1Hx11eNOhiLnAli0XholqJrmTaUuZ5RCrVxPNkiz-RPqr8ZmCuBn_Qpegog" alt="LLOY Stock Price Analysis: Will Results Impact the Changing Trend?"> 
  <figcaption class="wp-element-caption">
    Source: Lloyds Banking Group 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily LLOY stock price chart shows that the price is trading below both the 50 EMA and 200 EMA indicating the domination of bears in the market at the current moment. The RSI and MACD are showing weakness in the short term. The overall technical opinion rating is 88% sell with a short-term bearish outlook.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>LLOY stock price has been falling since February 2023 and failed to break above the 200 EMA. The quarterly results underperformed expectations and the price dropped by 8% in the past two weeks. The price currently trades at £42.95 and may slide more if it breaks the £42.300 support level. The long-term trend is neutral to mild bearish until the price surpasses the previous swing high and the 200 EMA. Analysts are cautious about the short-term outlook of LLOY stock.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> £42.30 and £40.50.</li> 
 <li><strong>Resistance levels:</strong> £46.90 and £49.35.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

LLOY Stock Price Analysis: Will Results Impact the Changing Trend?

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Thecoinrepublic.com

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