ClearBridge Large Cap Growth ESG ETF Forecast
ClearBridge Large Cap Growth ESG ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The ClearBridge Large Cap Growth ESG ETF price gained 0.87% on the last trading day (Tuesday, 25th Jun 2024), rising from $68.92 to $69.52. During the last trading day the ETF fluctuated 0.695% from a day low at $69.08 to a day high of $69.56. The price has risen in 7 of the last 10 days and is up by 1.57% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 9 thousand shares were bought and sold for approximately $596.63 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $69.90 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.68% during the next 3 months and, with a 90% probability hold a price between $69.50 and $73.87 at the end of this 3-month period.
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LRGE Signals & Forecast
The ClearBridge Large Cap Growth ESG ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $69.43 and $67.65. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.192%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for ClearBridge Large Cap Growth ESG ETF
ClearBridge Large Cap Growth ESG finds support from accumulated volume at $69.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.480 between high and low, or 0.695%. For the last week the ETF has had daily average volatility of 0.792%
Our recommended stop-loss: $67.41 (-3.04%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (LRGE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ClearBridge Large Cap Growth ESG ETF to open at $69.39, and during the day (based on 14 day Average True Range), to move between $68.93 and $70.11, which gives a possible trading interval of +/-$0.593 (+/-0.85%) up or down from last closing price. If ClearBridge Large Cap Growth ESG ETF takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $69.51 (0.01%) than the resistance at $69.58 (0.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ClearBridge Large Cap Growth ESG ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ClearBridge Large Cap Growth ESG ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.083 Buy Candidate Upgraded
Predicted Opening Price for ClearBridge Large Cap Growth ESG ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $69.39 ( 0.193%) | $69.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LRGE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.87 | 0.498% |
| R2 | 69.68 | 0.234% |
| R1 | 69.57 | 0.0711% |
| Price | 69.52 | |
| S1 | 69.20 | -0.456% |
| S2 | 69.09 | -0.619% |
| S3 | 68.91 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.65 | 0.192% |
| R2 | 69.58 | 0.0850% |
| R1 | 69.58 | 0.0823% |
| Price | 69.52 | |
| S1 | 69.51 | -0.0138% |
| S2 | 68.55 | -1.40% |
| S3 | 68.17 | -1.94% |
LRGE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.0642 | 0.108% |
| 2 | Dec 23, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.82 | 2.01% |
| 3 | Jun 24, 2022 | Jun 27, 2022 | Jun 30, 2022 | $0.0020 | 0.0048% |
| 4 | Dec 23, 2021 | Dec 27, 2021 | Dec 30, 2021 | $0.730 | 1.20% |
| 5 | Dec 24, 2020 | Dec 28, 2020 | Dec 31, 2020 | $0.185 | 0.370% |
FAQ
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