Exploring LIBERTY GLOBAL LTD-A's Technical Signals and Breakout Potential.

A possible breakout setup was detected on LIBERTY GLOBAL LTD-A (NASDAQ:LBTYA) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NASDAQ:LBTYA.

Insights from Technical Analysis

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, LBTYA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LBTYA is only an average performer.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• LBTYA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LBTYA is lagging the market slightly.
• When comparing the performance of all stocks over the past year, LBTYA turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
• LBTYA is an average performer in the Diversified Telecommunication Services industry, it outperforms 63% of 34 stocks in the same industry.

Check the latest full technical report of LBTYA for a complete technical analysis.

How do we evaluate the setup for NASDAQ:LBTYA?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:LBTYA is 9:

Besides having an excellent technical rating, LBTYA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 20.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LBTYA in the last couple of days, which is a good sign.

Trading setups like NASDAQ:LBTYA

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.