Legg Mason International Low Volatility ETF Forecast

Green day on Tuesday for Legg Mason International Low Volatility ETF after gaining 0.434%
(Updated on May 07, 2024)

LVHI Signals & Forecast

Mostly positive signals in the chart today. The Legg Mason International Low Volatility 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 $29.72 and $29.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Monday, August 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Legg Mason International Low Volatility ETF

Legg Mason International Low Volatility finds support from accumulated volume at $29.84 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.100 between high and low, or 0.334%. For the last week the ETF has had daily average volatility of 0.682%.

Our recommended stop-loss: $28.64 (-4.69%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (LVHI) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Legg Mason International Low Volatility High Dividend ETF to open at $30.03, and during the day (based on 14 day Average True Range), to move between $29.81 and $30.29, which gives a possible trading interval of +/-$0.244 (+/-0.81%) up or down from last closing price. If Legg Mason International Low Volatility High Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $29.84, some $0.210 (0.70%) from the current price of $30.05, our system finds the risk reward attractive.

Is Legg Mason International Low Volatility High Dividend ETF ETF A Buy?

Legg Mason International Low Volatility holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.317 Strong Buy Candidate Unchanged

Predicted Opening Price for Legg Mason International Low Volatility High Dividend ETF of Wednesday, May 8, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.