Many historical indicators are at play and against the short term for LVS. When the TSI reaches this level is stock drops at least another 1% but drops on average 9.14% over the next few weeks. I have outlined 3 potential points LVS could drop to.
CONSERVATIVE POINT:
With the average drop around 9.14%, an even 9% drop would be around the 51.88 mark and it is within the current trendchannel.
ESTIMATED BOTTOM OF TRENDCHANNEL AFTER NEW YEAR:
The estimated bottom of the trendchannel within the next few weeks is around the 50.50 mark which roughly equates to a 11.42% decline.
PRIOR 2015 INTEREST RATE HIKE DROP:
When interest rates were increased in December 2015, LVS dropped around 20.22% from the OPEN the day after the decision to the bottom before it turned around. This bottom is the current bottom line of the trendchannel, however, a similar 20% drop would bust out of the current trend. Although movement of this nature is most likely not going to be as drastic, nothing can be ruled out.
CONSERVATIVE POINT:
With the average drop around 9.14%, an even 9% drop would be around the 51.88 mark and it is within the current trendchannel.
ESTIMATED BOTTOM OF TRENDCHANNEL AFTER NEW YEAR:
The estimated bottom of the trendchannel within the next few weeks is around the 50.50 mark which roughly equates to a 11.42% decline.
PRIOR 2015 INTEREST RATE HIKE DROP:
When interest rates were increased in December 2015, LVS dropped around 20.22% from the OPEN the day after the decision to the bottom before it turned around. This bottom is the current bottom line of the trendchannel, however, a similar 20% drop would bust out of the current trend. Although movement of this nature is most likely not going to be as drastic, nothing can be ruled out.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
