LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF Forecast

$41.50
+0.345 (+0.84%)
At Close: Mar 28, 2024
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SQLV
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Stronger technical forecast for LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF price gained 0.84% on the last trading day (Thursday, 28th Mar 2024), rising from $41.16 to $41.50. During the last trading day the ETF fluctuated 0.656% from a day low at $41.23 to a day high of $41.50. The price has risen in 7 of the last 10 days and is up by 3.63% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $183.97 thousand.

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 $41.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.05% during the next 3 months and, with a 90% probability hold a price between $40.44 and $42.60 at the end of this 3-month period.

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SQLV Signals & Forecast

The LEGG MASON SMALL-CAP QUALITY VALUE LEGG 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 $40.84 and $40.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 4.68%. Further rise is indicated until a new top pivot has been found. LEGG MASON SMALL-CAP QUALITY VALUE LEGG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Thursday, February 08, 2024 in the short-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.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Thursday, February 08, 2024 in the short-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 SMALL-CAP QUALITY VALUE LEGG ETF

LEGG MASON SMALL-CAP QUALITY VALUE LEGG finds support from accumulated volume at $39.92 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 $0.271 between high and low, or 0.656%. For the last week the ETF has had daily average volatility of 0.751%.

Our recommended stop-loss: $39.49 (-4.85%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (SQLV) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF to open at $41.41, and during the day (based on 14 day Average True Range), to move between $41.09 and $41.92, which gives a possible trading interval of +/-$0.415 (+/-1.00%) up or down from last closing price. If LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $39.92, some $1.58 (3.81%) from the current price of $41.50, our system finds the risk reward attractive.

Is LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE 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 LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 4.665 Buy Candidate Upgraded

Predicted Opening Price for LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$41.41 ( 0.217%) $41.50

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

Trading levels for SQLV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 41.68 0.435 %
R2 41.58 0.186 %
R1 41.51 0.0317 %
Current price: 41.50
Support S1 41.31 -0.466 %
S2 41.24 -0.620 %
S3 41.14 -0.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 41.50
Support S1 39.92 -3.81%
S2 39.78 -4.15%
S3 39.66 -4.44%

SQLV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 18, 2024 Mar 21, 2024 $0.106 0.257%
2 Dec 15, 2023 Dec 18, 2023 Dec 21, 2023 $0.127 0.309%
3 Sep 15, 2023 Sep 18, 2023 Sep 21, 2023 $0.0970 0.273%
4 Jun 16, 2023 Jun 20, 2023 Jun 23, 2023 $0.114 0.321%
5 Mar 17, 2023 Mar 20, 2023 Mar 23, 2023 $0.111 0.327%

FAQ

What is the symbol for LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF and on which exchange is it traded?
The symbol for LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF is SQLV and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF?
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 LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

How to buy LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF?
LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF.

What's the current price of LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF?
As of the end of day on the 2024-03-28, the price of an LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF (SQLV) share was $41.50.

What is the 52-week high and low for LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF?
The 52-week high for LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF is $41.95 and the 52-week low is $33.07.

What is the market capitalization of LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF?
As of the 2024-03-28, the market capitalization of LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF is 29.295M.
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