What price should I buy lyg

Lloyds Banking Group plc (LLOY) exhibits strong buying signals from both short and long-term Moving Averages, indicating a positive forecast for the stock. The stock holds buy signals from the relation between the two signals where the short-term average is above the long-term average. There is a general buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock should be watched closely due to divergence between volume and price, which may be an early warning.

1. Support and Resistance Levels: The stock is currently trading above its 14-day simple moving average (SMA) of £62.263 and below its 14-day %k Stochastic Stalls at 67.123. This suggests that the stock is in an upward momentum.

2. Recent Performance: Lloyds Banking Group plc's stock price gained 1.89% on the last trading day, rising from £58.30 to £59.40. The stock has risen in 6 of the last 10 days and is up by 4.28% over the past 2 weeks. The trading volume fell on the last day by -14 million shares, and in total, 126 million shares were bought and sold for approximately £7.51 billion. This indicates strong recent performance and trading activity.

3. Analyst Ratings and Price Targets: The average price target from analysts is £62.67, with a high forecast of £72.00 and a low forecast of £54.00. This suggests that analysts have a positive outlook on the stock's future performance.

4. Market Sentiment: The sentiment around Lloyds Banking Group is positive, with a general buy signal from analysts and a strong buy signal from short-term and long-term moving averages. The stock is expected to rise 7.34% during the next 3 months, with a 90% probability to hold a price between £59.60 and £66.99 at the end of this period.

Based on these points, if you are considering purchasing Lloyds Banking Group plc (LLOY) stock, it may be prudent to do so at or above its current 14-day SMA of £62.263, and below its 14-day %k Stochastic Stalls at 67.123. This is supported by the positive sentiment from analysts and the stock's recent performance and trading activity.