LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF Forecast
Green day on Friday for LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF after gaining 0.444%
(Updated on Apr 26, 2024)
The LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF price gained 0.444% on the last trading day (Friday, 26th Apr 2024), rising from $38.94 to $39.11. During the last trading day the ETF fluctuated 0.308% from a day low at $39.03 to a day high of $39.15. The price has fallen in 6 of the last 10 days and is down by -0.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $119.71 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.51% during the next 3 months and, with a 90% probability hold a price between $37.23 and $40.12 at the end of this 3-month period.
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SQLV Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.12%. 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. The LEGG MASON SMALL-CAP QUALITY VALUE LEGG ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $40.06. On a fall, the ETF will find some support from the short-term average at $39.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 $39.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.120 (0.308%) between high and low. For the last week, the ETF has had daily average volatility of 0.543%.
Our recommended stop-loss: $36.87 (-5.73%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SQLV) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF to open at $39.10, and during the day (based on 14 day Average True Range), to move between $38.66 and $39.56, which gives a possible trading interval of +/-$0.450 (+/-1.15%) 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 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.00 (0.27%) than the resistance at $39.35 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF ETF A Buy?
LEGG MASON SMALL-CAP QUALITY VALUE LEGG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.783 Hold/Accumulate Unchanged
Predicted Opening Price for LEGG MASON SMALL-CAP QUALITY VALUE ETF LEGG MASON SMALL-CAP QUALITY VALUE ETF of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$39.10 ( 0.0325%) | $39.11 |
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 | 39.22 | 0.275 % | |
R2 | 39.17 | 0.157 % | ||
R1 | 39.14 | 0.0848 % | ||
Current price: | 39.11 | |||
Support | S1 | 39.05 | -0.150 % | |
S2 | 39.02 | -0.222 % | ||
S3 | 38.98 | -0.340 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.93 | 4.66 % | |
R2 | 39.78 | 1.71 % | ||
R1 | 39.35 | 0.625 % | ||
Current price | 39.11 | |||
Support | S1 | 39.00 | -0.271% | |
S2 | 38.93 | -0.465% | ||
S3 | 38.83 | -0.726% |
SQLV Dividend Payout History
# | 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
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