Legg Mason Technical Analysis (NYSE:LM)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Legg Mason stock price data and volume are plotted in LM stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Legg Mason. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Legg Mason stock analysis.
Legg Mason Moving Average
Moving averages help predict the price direction of LM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Legg Mason are mostly signals of long term trends and will help long term traders.
Legg Mason Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Legg Mason. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Legg Mason bollinger bands.
Legg Mason Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Legg Mason MACD indicator is above 0 indicating a bullish trend.
Legg Mason Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 41.02 is the RSI value of LM stock.