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- 1 Las Vegas Sands price increased by 4.18% over the past seven days.
- 2 Las Vegas Sands Corp., (NYSE: LVS) stock’s 52-week price range is $52 – $65.
The earnings of Las Vegas Sands have fallen by an average of -64.7% each year, while the Hospitality sector had an annual earnings growth of 14.9%. As per Simply Wall St., a website that offers financial data and analysis, the revenues of Las Vegas Sands have dropped by an average of 31.9% yearly.
The total debt of Las Vegas Sands is $16.0 Billion and its total shareholder equity is $3.8 Billion, which gives it a debt-to-equity ratio of 417.1%. Per Simply Wall St., the company has total liabilities of $18.9 Billion and total assets of $22.7 Billion.
The market capitalization of LVS stock is $45.856 Billion and the total revenue is $4.11 Billion. Moreover, the stock’s basic EPS is $-0.72 and the price-to-earnings ratio is -84.6. The average volume is 4.397 million and the current volume is 3.897 Million, the current volume is below average volume.
Moreover, the stock has done well this month, increasing by 1.92% and it has surged by 10.21% in the last six months. Las Vegas Sands Corp(NYSE: LVS) stock has a positive year-to-date return of 21.73% and a positive 1-year return of 71.82%.
Technical Analysis of Las Vegas Sands Price in 1-D Timeframe
The price action shows that the Las Vegas Sands Corporation (NYSE: LVS) began its journey by rallying upwards as it rebounded from the major demand zone at $46.40 and since then surged upwards, creating higher highs and lower lows and reaching the high of $65.83 in nearly four months.
However, the LVS stock price also took some pullbacks and spent almost two months hovering in the range of $53 to $62 and narrowed its movement while in a correction phase. Then, LVS price retook support on the demand zone at $54.21 and rose by almost 13% within two weeks, giving a breakout and completing the formation of a falling wedge, which is a bullish pattern.
LVS stock price followed both the trendlines effectively, which provided support and resistance to the price very well. The LVS price is above all major EMAs and the volume is also increasing significantly, as seen on the volume graph.
Furthermore, to continue surging ahead, LVS stock price needs to break the average volume moving average by attracting more buyers and.
At the time of publishing, Las Vegas Sands Corporation (NYSE: LVS) is trading above the 20, 50, 100 and 200-day EMAs (exponential moving average), which is supporting the price trend. Hence, the LVS price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 56.50 points. The 14 SMA is near the median line at 49.66 points which indicates that the price is bullish as the RSI is in bullish territory and also took support from the 14SMA line.
The MACD line at 0.3726 and signal line at 0.0079 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the LVS stock price.
Summary
Las Vegas Sands price (NYSE: LVS) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the LVS stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in Las Vegas Sands Corporation.
Technical Levels
- The nearest support levels: $54.21 and $51.73.
- The nearest resistance levels: $62.40 and $65.83.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
