Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 LGEN.L
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Legal & General Group plc stock downgraded to Hold/Accumulate
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 0.20% PDF

The Legal & General Group plc stock price gained 0.196% on the last trading day (Wednesday, 27th Mar 2024), rising from £255.00 to £255.50. During the last trading day the stock fluctuated 0.770% from a day low at £254.40 to a day high of £256.36. The price has risen in 7 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume fell on the last day by -8 million shares and in total, 7 million shares were bought and sold for approximately £1.71 billion. 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £256.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Legal & General Group plc stock with a 90% probability to be traded between £227.79 and £253.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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LGEN.L Signals & Forecast

The Legal & General Group plc stock 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 £252.59 and £243.80. 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). 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 stock should be watched closely. 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 Friday, March 22, 2024, and so far it has fallen -0.273%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Legal & General Group plc stock

Legal & General Group plc finds support from accumulated volume at £247.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £1.96 between high and low, or 0.770%. For the last week the stock has had daily average volatility of 1.38%.

Our recommended stop-loss: £247.24 (-3.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (LGEN.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Legal & General Group plc to open at £255.42, and during the day (based on 14 day Average True Range), to move between £251.01 and £259.99, which gives a possible trading interval of +/-£4.49 (+/-1.76%) up or down from last closing price. If Legal & General Group plc takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £256.20 (0.27%) than the support at £247.50 (3.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Legal & General Group plc stock A Buy?

Legal & General Group plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.475 Hold/Accumulate Downgraded

Predicted Opening Price for Legal & General Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£255.42 ( 0.0313%) £255.50

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

Trading levels for LGEN.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 257.38 0.736 %
R2 256.63 0.443 %
R1 256.17 0.262 %
Current price: 255.50
Support S1 254.67 -0.324 %
S2 254.21 -0.505 %
S3 253.46 -0.798 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 256.30 0.313 %
R1 256.20 0.274 %
Current price 255.50
Support S1 247.50 -3.13%
S2 245.40 -3.95%
S3 243.90 -4.54%

LGEN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 Apr 25, 2024 Jun 06, 2024 £14.63 5.73%
2 Aug 24, 2023 Aug 24, 2023 Aug 24, 2023 £5.71 2.66%
3 Mar 08, 2023 Apr 27, 2023 Jun 05, 2023 £13.93 5.94%
4 Aug 09, 2022 Aug 18, 2022 Sep 26, 2022 £5.44 2.25%
5 Mar 09, 2022 Apr 21, 2022 Jun 01, 2022 £13.27 5.19%

FAQ

What is the symbol for Legal & General Group plc Stock and on which exchange is it traded?
The symbol for Legal & General Group plc is LGEN.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Legal & General Group plc Stock?
Legal & General Group plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Legal & General Group plc Stock?
Legal & General Group plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Legal & General Group plc Stock.

What's the current price of Legal & General Group plc Stock?
As of the end of day on the 2024-03-27, the price of an Legal & General Group plc (LGEN.L) share was £255.50.

What is the 52-week high and low for Legal & General Group plc Stock?
The 52-week high for Legal & General Group plc Stock is £259.00 and the 52-week low is £203.10.

What is the market capitalization of Legal & General Group plc Stock?
As of the 2024-03-27, the market capitalization of Legal & General Group plc is 15.119B.

When is the next earnings date for Legal & General Group plc?
The upcoming earnings date for Legal & General Group plc is Aug 13, 2024.
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About Legal & General Group plc

Legal & General Group plc Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI). The LGR segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products; lifetime mortgages... LGEN.L Profile

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