Legg Mason Inc Forecast and Stock Analysis
Technical LM stock analysis for Friday May 24, 2019.
|Shorts||3.61% ( 2019-04-15 )|
|Price to book||USD 0.88|
|Next Earnings Date||2019-07-23|
No changes to the price of Legg Mason Inc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $36.90 to a day high of $36.90. The price has risen in 5 of the last 10 days and is up by 8.21% over the past 2 weeks.
- 30 day high of the LM stock price was $37.27 and low was $32.83.
- 90 day high was $37.27 and low was $26.36.
- 52 week high for the Legg Mason Inc - $38.87 and low - $23.25.
Legg Mason Inc lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $37.42 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 33.05% during the next 3 months and, with 90% probability hold a price between $44.26 and $49.78 at the end of this period.
Legg Mason Inc 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 $36.38 and $33.77. A break down below any of these levels will issue sell signals. 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 May 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
Legg Mason Inc finds support from accumulated volume at $36.29.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.85%.
Our recommended stoploss: $35.49 (-3.81%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)
1.85 %Average volatility
Very Low Low Medium High Very High
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.
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|LM $36.90 ($0.00 0.00%)|
LM is down $0.00 today, but where's it headed in 2019?
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