Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 Forecast and Stock Analysis
Technical LMHB stock analysis for March 19, 2019.
Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 fell by -0.41% in the last day from $24.31 to $24.21 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -1.06% for this period. Volume has increased in the last day by 9 231 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 58 907 shares bought and sold for approximately $1.43 million.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the LMHB stock was $24.21. This is 0.41% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 0.33% from a day low at $24.16 to a day high of $24.24.
30 day high of the LMHB stock price was $24.55 and low was $23.79.
90 day high was $24.55 and low was $19.57.
52 week high for the Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 - $24.87 and low - $19.57.
Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $25.20. A reaction back to this level may hold a second chance to get out before further falls.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday March 01, 2019, which indicates further falls until a new bottom pivot has been found. Legg Mason Inc. 5.45% Junior Subordinated Notes due 2056 gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". 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 $24.34. On a fall, the stock will find some support from the long-term average at approximately $24.15. 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.
Relative Strength Index (RSI)
RSI14 is 58 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 $24.01.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.08 (0.33%) between high and low. For the last week, the stock has had a daily average volatility of 0.52%.
Our recommended stoploss: $23.45 (-3.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 12 days ago.)
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Evaluation: Buy Candidate
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.