Lloyds Banking Group PLC (LLOY) - 20th December 2023 | @ 79 Days | + 11.80%

Last trade: + 11.80% | 'B' class signal detected in Lloyds Banking Group PLC (LLOY). Running at an average wavelength of 79 days over 13 iterations since February 2021. Currently peaking.

Dec 20, 2023

∙ Paid

Instrument Summary

Lloyds Banking Group, a prominent UK financial institution, emerged in 2009 from Lloyds TSB's acquisition of HBOS. With a rich history dating back over 320 years to the founding of the Bank of Scotland, it serves 30 million customers and employs 65,000 people. Headquartered in London and Edinburgh, it operates across the UK and internationally in the US, Europe, the Middle East, and Asia, with its EU base in Berlin. Brands like Lloyds Bank, Halifax, and Bank of Scotland cater to diverse customer attitudes. Listed on the London Stock Exchange, it's a constituent of the FTSE 100 Index.

ΣL Cycle Summary

Continuing the progress of the very bullish 80 day nominal wave here in LLOY, which last troughed in late October/early November. As is the case in equity indices worldwide an almost linear up-leg has typified the first half of this iteration, likely indicating influence from a more powerful, longer wavelength component. The next trough of this wave is due late January 2024. An exemplary spectral separation is notable in the time frequency plot below in addition to excellent stationarity in frequency/amplitude over the sample.

Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Buy - LLOY 13th November 2023
Entry: 13th November 2023 @ 42.02
Exit: 20th December 2023 @ 46.98
Gain: 11.80%

Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 78.96 Days
Completed Iterations: 13
Component Yield Over Sample: 139.41% - learn more