LMHB stock forecast Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056
Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 Forecast and Stock Analysis
Technical LMHB stock analysis for Thursday May 23, 2019.
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No changes to the price of Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 in the last trading day ( Thursday, 23rd May 2019 ). During day the stock fluctuated 0.16% from a day low at $24.61 to a day high of $24.65. The price has been going up and down for this period, and there has been a 0.28% gain for the last 2 weeks.
- 30 day high of the LMHB stock price was $24.95 and low was $24.27.
- 90 day high was $24.95 and low was $23.53.
- 52 week high for the Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 - $24.95 and low - $19.57.
Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 lies in the middle of a narrow 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 2.27% during the next 3 months and, with 90% probability hold a price between $24.49 and $25.67 at the end of this period.
Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $24.66. On a fall, the stock will find some support from the long-term average at approximately $24.52. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday May 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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".
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 finds support from accumulated volume at $24.55.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $23.13 (-6.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)
0.45 %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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