Will LIBERTY GLOBAL LTD-A Break Out? A Technical Analysis Perspective.

We've identified LIBERTY GLOBAL LTD-A (NASDAQ:LBTYA) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NASDAQ:LBTYA for further developments.

Technical analysis of NASDAQ:LBTYA

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 7 out of 10 to LBTYA. In the last year, LBTYA was one of the better performers, but we do observe some doubts in the very recent evolution.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• Looking at the yearly performance, LBTYA did better than 75% of all other stocks.
• 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.
• In the last month LBTYA has a been trading in the 20.20 - 21.52 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.
• LBTYA is an average performer in the Diversified Telecommunication Services industry, it outperforms 62% of 33 stocks in the same industry.

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

Looking at the Setup

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:LBTYA currently has a 9 as setup rating:

Besides having an excellent technical rating, LBTYA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 20.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive 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.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

Every day, new breakout setups can be found on ChartMill 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.