Section 1: Company Fundamentals
1.1 Company Overview and Performance summary
Company Overview:
Las Vegas Sands Corp. (NYSE LVS) is a global developer of destination properties (Integrated Resorts). The Integrated Resorts features accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities.
This Report covers the Company Overview & Price performance, Summary table, Company details, Technical guidance & Stock recommendation, and Price chart.
Price Performance:
- LVS's share price has given a return of 13.54% in past three months. Additonally, in the long term, the stock has given a return of 59.78% over the past year.
- The stock is currently trading on the upper side of its 52-week range of USD 49 and 52-week low price of USD 28.88, with the current forming a fresh 52-week high after Q1FY23 results announcement.
- The price is currently above both its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of around 70.51.
1.2 Summary Table
Section 2: Las Vegas Sands Corporation (“Watch” at the closing market price of USD 61.53, as of April 20, 2023)
2.1 Company Details
2.2 Technical Guidance and Stock Recommendation
Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is April 20, 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: The report publishing date is as per the Pacific Time Zone.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.
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