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Is LYG building pressure? Bollinger Band Squeeze shows up after dropping 0.42%
LYG finished lower by 0.42% on Thursday, August 20th, trading 0.6 times its typical volume. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 5.88, 5.85 & 5.8, with resistance at 5.97, 6.02 & 6.05. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of LYG: A
Today’s move could mean more—check all the signals for LYG on SwingTradeBot.
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