Uncovering Noteworthy Technical Analysis Findings for LIBERTY GLOBAL LTD-A (NASDAQ:LBTYA).

Our stock screener has flagged LIBERTY GLOBAL LTD-A (NASDAQ:LBTYA) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:LBTYA for potential movement.

Zooming in on the technicals.

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.

We assign a technical rating of 8 out of 10 to LBTYA. 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.

• Both the short term and long term trends are positive. This is a very positive sign.
• LBTYA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month LBTYA has a been trading in the 20.20 - 21.56 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
• 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 69% of all stocks.
• LBTYA is an average performer in the Diversified Telecommunication Services industry, it outperforms 57% 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?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:LBTYA currently holds a 9 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, LBTYA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.73, 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

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

More breakout setups can be found in our Breakout screener.

Disclaimer

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.