ClearBridge Dividend Strategy ESG ETF Forecast and Stock Analysis
Technical YLDE stock analysis for February 14, 2019.
No changes to the price of ClearBridge Dividend Strategy ESG ETF in the last trading day. The price has been going up and down for this period, and there has been a 0.18% gain for the last 2 weeks.
Close price at the end of the last trading day (Thursday, 14th Feb 2019) of the YLDE stock was $27.70.
During day the stock fluctuated 0.00% from a day low at $27.70 to a day high of $27.70.
30 day high of the YLDE stock price was $27.98 and low was $26.67.
90 day high was $28.68 and low was $25.52.
52 week high for the ClearBridge Dividend Strategy ESG ETF - $29.55 and low - $25.52.
ClearBridge Dividend Strategy ESG ETF is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $28.27 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect ClearBridge Dividend Strategy ESG ETF with 90% probability to be traded between $24.78 and $27.78 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ClearBridge Dividend Strategy ESG ETF 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 $27.74. On a fall, the stock will find some support from the long-term average at approximately $26.92. 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. 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 February 06, 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)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
ClearBridge Dividend Strategy ESG ETF finds support from accumulated volume at $27.11.
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 0.00%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
ClearBridge Dividend Strategy ESG ETF holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.