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Lloyds Share Price Lower As Cybersecurity Study Awards the Bank Low Marks

FTSE 100
FTSE 100

Lloyds share price finds itself under pressure once more, as a survey from cybersecurity firm 6point6 showed that Lloyds Banking Group was in the bottom five of a ranking of security of online banking services.

The study, which looked at encryption, login/logout, account management, and navigation, found Lloyds Banking Group trailing far behind HSBC and Barclays, who scored highly in the ranking. 

The bank also found itself behind competitors such as NatWest, Metro Bank, and Nationwide. Lloyds share price is trading lower but still looks good to end the week higher.

Technical Levels to Watch

The 0.46% drop seen on the Lloyds share price candle for the day has put the 37.02 support level at risk. If this candle closes below this level, this confirms the breakdown of this support, as yesterday’s candle also closed below it. This move opens the door towards the 35.97 price level, with 34.77 and 33.09 serving as the immediate downside targets. A drop below 32.10 (21 December 2020 low) could reinitiate the downtrend. 

On the other hand, if bulls resist the breakdown confirmation of 37.02, we could see further upside to 38.26 and possibly 39.53. We need to see a higher high that exceeds 41.55 for the uptrend to continue.  

Lloyds Share Price; Daily Chart