The Hourly View for LC
At the moment, LC (Get Ratings)’s price is down $-0.39 (-1.32%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
LC ranks 85th in terms of today’s price percentage change out of Banking stocks.
LC’s Technical Outlook on the Daily Chart
At the time of this writing, LC’s price is down $-0.29 (-0.99%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as LC has now gone down 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. LendingClub Corp’s price action over the past 90 days can be seen via the chart below.
LC: Daily RSI Analysis
For LC News Traders
Investors and traders in LC may be particularly interested in the following story that came out in the past day:
LendingClub’s (LC) expands capabilities of the LCX electronic trading platform to match investors’ loan needs. It aims at executing $2 billion in total loan sales by the third-quarter end.
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