LM Forecast and Technical Stock Analysis
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
|LM $36.53 ($1.08 3.05%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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