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Legal & General Group (LGEN)

238.40p

16:05 11/08/20

  • 2.32% 5.40p
  • Today's Low & High
  • 233.30 / 238.90
  • Open / Previous Close
  • 234.50 / 238.40
  • 52-week range
  • 0.17% 0.40p
  • Volume
  • 10,650,249
  • Market Cap(million)
  • £14,224.81m

237.70p REAL TIME BATS

  • 16:30 11/08/20
  • 2.02%
  • 4.70p

Technical Analysis

Support and resistance levels

S1

2.10
-7.00%

R1

2.47
9.00%

S2

1.48
-35.00%

R2

3.18
40.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.25
  • 2.23
  • Levels of negotiation support resistance
  • 2.30
  • 2.33

Technical situation

Bearish in the long term, though short term won't be bearish-biased as long as it doesn't lose support at 1.48.

Recommendation

Short term comment

Though long-term trend or scenario is bearish, in the mid-term it stands for neutral. Only if it should lose the first important support located at 1.48, los intermediate terms would be bearish-biased together with the long-term structures.

Long term comment

From some weeks ago, long-term scenario remains bearish. Exhaustion signals that could alert for an upwards trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 56.86 60.84 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 53.15 55.55 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 52.30 53.87 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 50.12 50.68 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 48.81 48.98 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 2.18 2.18 Very short-term trend is bullish.
Simple Moving Average 21 2.22 2.22 Bullish mid-term trend.
Simple Moving Average 50 2.23 2.24 Indefinite mid-term trend.
Simple Moving Average 200 2.47 2.47 Indefinite long-term trend.
Exponential Moving Average 7 2.19 2.21 Very short-term trend is bullish.
Exponential Moving Average 21 2.20 2.21 Bullish mid-term trend.
Exponential Moving Average 50 2.20 2.21 Indefinite mid-term trend.
Exponential Moving Average 200 2.20 2.21 Indefinite long-term trend.
MACD Line -0.01 0.00 Possible price turn.
MACD Signal 0.00 0.00 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.19 2.19 Very short-term trend is bullish.
Double Exponential Moving Average 21 2.22 2.22 Bullish mid-term trend.
Double Exponential Moving Average 50 2.22 2.22 Indefinite mid-term trend.
Double Exponential Moving Average 200 2.22 2.22 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 1,031,687.56 1,032,441.20 OBV is bullish
Momentum 7 -0.01 0.17 Extremely high rising speed in the very short term.
Momentum 7 -0.02 0.01 Neutral speed of the short term move.
% K Williams 18.18 8.70 Overbought, would favour a bearish turn.
Priority Date Notification
06/08/2020 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
06/08/2020 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls
31/07/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
31/07/2020 Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-
30/07/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
29/07/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
28/07/2020 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls
28/07/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
27/07/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
27/07/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
24/07/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish