Legg Mason Inc (LM) Technical Analysis
NYSE:LM
Current stock price
LM Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to LM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, LM did better than 73% of all other stocks.
- LM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LM is leading the market.
- LM has an average volume of 1867620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month LM has a been trading in a tight range between 49.74 and 50.01.
LM Weekly and Daily overview Charts
LM Setup Rating and Analysis
LM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 49.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
LM Support and Resistance Analysis
43.05
We found 2 important support areas.
- A support zone ranging from 49.35 to 49.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.35 to 50.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
LM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LM is up. |
| ChartMill Relative Strength | 73.9 | POSITIVE | LM has a high relative strength, it outperformed 73.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.77 | NEUTRAL | The RSI value for LM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.97 | OVERBOUGHT | The high Stochastics value suggests LM may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for LM suggests low volalility. |
LM Chart- and CandleStick Pattern Analysis
LM Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.02 | 49.94 | 0.08 (0.17%) | 25.00% |
| An entry @50.02. This is a Buy Stop order right above the 10 day high. | An exit @49.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 0.17%. | For a 0.04% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LM Technicals: Chart, Performance Metrics, Trend & Indicators
49.99
0 (0%)
Legg Mason Inc / LM TA FAQ
Can you provide the ChartMill technical rating for Legg Mason Inc?
ChartMill assigns a technical rating of 8 / 10 to LM.
What is the current trend direction of Legg Mason Inc (LM) stock?
The current trend direction for Legg Mason Inc (LM) is Bullish.
What is the RSI signal for LM stock?
Legg Mason Inc (LM) has an RSI value of 64.7742. This indicates that the stock is currently neutral.
What is the MACD signal for LM stock?
The MACD indicator for Legg Mason Inc (LM) has a value of 0.00544118, indicating a bearish trend.
What is the support and resistance level for LM stock?
Legg Mason Inc (LM) has a support level at 49.99 and a resistance level at 50.35. Check the full technical report for our detailed analysis of LM support and resistance levels.