LGEN.L fails to close above 50-day moving average


Legal & General (LGEN.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

LGEN.L fails to close above 50-day moving average
LGEN.L closes within previous day's range

Overview

LGEN.L finished Thursday at 273.20 gaining £0.80 (0.29%). Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily Candlestick Chart (LGEN.L as at Jun 14, 2018):

Daily technical analysis candlestick chart for Legal & General (LGEN.L) as at Jun 14, 2018

Thursday's trading range was £5.10 (1.88%), that's above last trading month's daily average range of £3.96. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Prices are trading close to the key resistance level at 275.70. After spiking up to 274.90 during the day, the market found resistance at the 50-day moving average at 273.46.

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Buying could accelerate should prices move above the nearby swing high at 277.50 where further buy stops might get triggered. Selling could speed up should prices move below the close-by swing low at 268.90 where further sell stops might get activated.


Market Conditions for LGEN.L as at Jun 14, 2018

Loading Market Conditions for LGEN.L (Legal & General)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Legal & General traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!