Live Nation Entertainment hasn't moved too much today but is slightly down, it has lost -0.58% since yesterday. It looks like LYV could be hitting an upward sloping resistance line. Most traders won't try to short a stock when the line is upsloping.
But it may be a good time to take profit or wait for a better entry point for a long position. In addition to being near an angled resistance line LYV is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. The Entertainment company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say. It looks like LYV may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. The Entertainment company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If the price breaks through the resistance level it will probably move up to the $169.99 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $148.67 it may head back up from there or break lower.
The analysts are pretty neutral on Live Nation Entertainment right now, so not much useful information here. The current Analysts Sentiment Score is 1.75. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. TD Cowen reiterated a rating of Buy on 2024-04-16 and added a price target of $108.00. Rosenblatt Securities announced a lowering of their price target to $119.00 from $124.00 on 2024-04-11. Morgan Stanley gave a boost to their price target and moved to $120.00 from $110.00 on 2024-02-23. JPMorgan Chase & Co. provided a price target boost of 1.61% to $126.00 from $124.00 on 2024-02-23. Oppenheimer gave a boost to their price target and moved to $115.00 from $105.00 on 2024-02-21. Roth Mkm upgraded from Neutral to Buy on 2024-01-12 and provided a price target boost 23.91% to $114.00 from $92.00. On 2024-01-11 there was an upgrade provided by Roth Capital from Neutral to Buy. On 2023-10-26 there was an upgrade provided by Evercore ISI from In-Line to Outperform and provided a price target of $100.00. Guggenheim boosted their price targ by 0.81% to $125.00 on 2023-10-26. On 2023-10-09 there was confirmation of the previous rating by Benchmark which was Buy and provided a price target of $110.00.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| LYV | 1.75 | 2.71 | 0 | 1.23 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| LYV | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| LYV | 6.87 | %8.3 | 6 | -6.006 | 11910000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entertainment | 19 | 0.81 | -1.67 | 0.12 | 6.03 | 4.15 | 7.55 | 54.74 | 6.62 | 0.55 | -2.16 | -6762.29 | -8653.90 | 15.79 | 7.89 | 5.61 | 1.27 |
| Consumer Cyclical | 266 | -0.92 | -2.18 | -0.88 | 5.94 | 2.02 | 9.70 | 59.14 | -1.54 | 0.43 | -1.40 | -10919.68 | -8524.63 | 23.68 | 3.95 | 5.60 | 0.55 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| LYV |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PK | Park Hotels & Resorts Inc | 1.39 | 0.07 | 8.91 | 24.12 | 35.49 | 34.06 | 0.00 | 100 | 14.32 | 13.30 | 11.14 | -913.81 | -16678.20 | 150 | 0 | 5.9048 |
| MGM | MGM RESORTS INTERNATIONAL | 1.32 | -0.90 | -6.27 | 22.48 | 30.88 | 34.25 | 0.00 | 72 | 32.84 | 17.23 | 15.27 | -700.00 | -13108.34 | 125 | 0 | 3.77688 |
| RCL | Royal Caribbean Group | 1.21 | -4.53 | -3.13 | 1.73 | 5.07 | 8.00 | 0.00 | 66 | -3.28 | -7.97 | -17.45 | 170.72 | -11948.33 | 125 | 0 | 7.24839 |
| CCL | Carnival Corporation | 1.2 | -1.58 | -0.36 | 3.90 | 14.59 | 6.16 | 0.00 | 56 | -3.59 | -9.11 | -13.41 | -6783.14 | -8844.17 | 0 | 0 | 8.77462 |
| UAL | United Airlines Holdings, | 1.19 | 0.75 | -5.40 | 6.18 | 22.19 | 0.95 | 0.00 | 41 | 2.82 | 1.78 | -2.91 | -2694.70 | -7705.04 | 0 | 0 | 3.13892 |
| HST | Host Hotels & Resorts, In | 1.17 | 0.70 | 6.21 | 10.55 | 31.66 | 43.47 | 0.00 | 87 | 81.18 | 66.27 | 69.32 | 0.00 | -35718.36 | 150 | 0 | 4.71042 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.