Stronger Sell Today LM ranks #3348 as SELL CANDIDATE #3348 Weaker Sell

LM stock forecast Legg Mason Inc

LM stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

LM Forecast and Technical Stock Analysis

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Sell candidate since 2019-08-09 Loss -2.95%

Legg Mason Inc gained 3.05% in the last trading day ( Friday, 16th Aug 2019 ), rising from $35.45 to $36.53 During the day the stock fluctuated 2.58% from a day low at $35.66 to a day high of $36.58. The price has fallen in 6 of the last 10 days and is down by -3.82% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 20 656 more shares were traded than the day before. In total, 530 102 shares bought and sold for approximately $19.36 million.

Quick summary:

  • 30 day high of the LM stock price was $38.94 and low was $35.37.
  • 90 day high was $38.94 and low was $34.94.
  • 52 week high for Legg Mason Inc - $38.94 and low - $23.25.
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Trend

Legg Mason Inc lies in the middle of a wide and weak 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 3.89% during the next 3 months and, with 90% probability hold a price between $36.85 and $40.79 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. 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. Legg Mason Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $36.83 and $37.83. A break-up above any of these levels will issue buy signals.

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A buy signal from a double bottom formation was found on Monday August 05, 2019 and based on theory for this formation the price should go up by 0.81% to $37.89 within 2 trading days since signal was issued (Wednesday August 07, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 40 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Legg Mason Inc finds support from accumulated volume at $35.62.

Support: $35.62 Price: $36.53 Resistance: $36.95

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.92 (2.58%) between high and low. For the last week, the stock has had daily average volatility of 2.43%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

2.43 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

The Legg Mason Inc stock holds several negative signals and despite the positive trend we believe Legg Mason Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Stronger Sell Today LM ranks #3348 as SELL CANDIDATE #3348 Weaker Sell

Will LM stock price go up or down on Mon, 19 Aug 2019?

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