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Home / Ranges / Lloyds

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Lloyds

A range trading opportunity for you?

Will Lloyds break support, or will it rise back to 58.7p?

  • 56.1- 58.8p range since end-June to date, bounced off floor 5 times
  • Now trades 56.4p (at time of writing)
  • Will the pattern repeat itself, testing previous 58.9p ceiling?
  • Shares -18.4% from 2019 highs; +10% from 2019 lows; +20.6% year-to-date.
  • 24 July: UK Mortgage approvals edge up near 2 year high
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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Prepared by Michael van Dulken, Head of Research
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