Legg Mason Global Fund Technical Analysis

LFLCX Fund  USD 9.59  0.00  0.00%   
As of the 3rd of December, Legg Mason secures the Mean Deviation of 0.1798, risk adjusted performance of (0.01), and Downside Deviation of 0.2446. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Legg Mason Global, as well as the relationship between them.

Legg Mason Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Legg, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Legg
  
Legg Mason's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Legg Mason technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Legg Mason technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Legg Mason trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Legg Mason Global Technical Analysis

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The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Legg Mason Global volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Legg Mason Global Trend Analysis

Use this graph to draw trend lines for Legg Mason Global. You can use it to identify possible trend reversals for Legg Mason as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Legg Mason price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Legg Mason Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Legg Mason Global applied against its price change over selected period. The best fit line has a slop of   0.0031  , which may suggest that Legg Mason Global market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.36, which is the sum of squared deviations for the predicted Legg Mason price change compared to its average price change.

About Legg Mason Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Legg Mason Global on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Legg Mason Global based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Legg Mason Global price pattern first instead of the macroeconomic environment surrounding Legg Mason Global. By analyzing Legg Mason's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Legg Mason's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Legg Mason specific price patterns or momentum indicators. Please read more on our technical analysis page.

Legg Mason December 3, 2024 Technical Indicators

Most technical analysis of Legg help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Legg from various momentum indicators to cycle indicators. When you analyze Legg charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Other Information on Investing in Legg Mutual Fund

Legg Mason financial ratios help investors to determine whether Legg Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Legg with respect to the benefits of owning Legg Mason security.
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