Weaker Buy Today LGEN.L ranks #1491 as BUY CANDIDATE. Stronger Buy
Today LGEN.L ranks #1491 as BUY CANDIDATE.

LGEN.L stock Legal & General Group plc

LGEN.L stock
Legal & General Group plc

February 15, 2019
Change 0.79%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will LGEN.L stock price go up or down on Mon, 18 Feb 2019?

Legal & General Group plc Forecast and Stock Analysis

Technical LGEN.L stock analysis for February 15, 2019.

Buy candidate since 2019-02-15

Legal & General Group plc gained 0.79% in the last trading day, rising from £264.30 to £266.40 The price has risen in 7 of the last 10 days and is up by 1.95% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.12 million more shares were traded than the day before. In total, 11.98 million shares bought and sold for approximately £3 191.08 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the LGEN.L stock was £266.40. This is 0.79% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 2.44% from a day low at £262.40 to a day high of £268.80.

30 day high of the LGEN.L stock price was £268.80 and low was £245.30.
90 day high was £268.80 and low was £221.80.
52 week high for the Legal & General Group plc - £287.60 and low - £221.80.

Trend

Legal & General Group plc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13% during the next 3 months and, with 90% probability hold a price between £272.60 and £310.14 at the end of this period.

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Signals

Legal & General Group plc holds buy signals from both short- and long-term moving averages. In addition, 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 £264.19 and £252.40. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Wednesday February 13, 2019 and based on theory for this formation the price should fall by -7.30% to £259.60 within 5 trading days since signal was issued (Wednesday February 20, 2019).

Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £246.20 and £240.50.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Legal & General Group plc finds support just below today's level at £246.20. If this is broken, then the next support from accumulated volume will be at £240.50 and £230.30.

Support: £246.20 Price: £266.40 Resistance: £266.80

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £6.40 (2.44%) between high and low. For the last week, the stock has had a daily average volatility of 1.74%.

Our recommended stoploss: £256.11 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today LGEN.L ranks #1491 as BUY CANDIDATE. Stronger Buy
Today LGEN.L ranks #1491 as BUY CANDIDATE.