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LGGNF Stock Legal & General Group (LGGNF, $2.81) price may climb as it broke lower Bollinger Band on Aug 06, 2024

A.I.dvisor
at Tickeron.com
08/07/24
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LGGNF - Legal & General Group Plc
Bollinger signal
Bullish Trend
Odds of UP Trend
Bollinger signal
Price: $2.81
Daily change: -$0.06 (-2.09%)
Daily volume: 6.3K
Capitalization: $16.2B
Industry: Investment Managers
This price move could be a signal that LGGNF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 39 similar cases where LGGNF's price broke its lower Bollinger Band, and of them led to a successful outcome. Odds of Success:

LGGNF in upward trend: 10-day moving average moved above 50-day moving average on September 20, 2024

The 10-day moving average for LGGNF crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 25, 2024. You may want to consider a long position or call options on LGGNF as a result. In of 134 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 72 cases where LGGNF's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

LGGNF moved below its 50-day moving average on September 24, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LGGNF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.112) is normal, around the industry mean (2.748). P/E Ratio (6.203) is within average values for comparable stocks, (26.853). LGGNF's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (3.172). Dividend Yield (0.080) settles around the average of (0.073) among similar stocks. P/S Ratio (0.381) is also within normal values, averaging (11.537).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. LGGNF’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LGGNF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock worse than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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LGGNF
Daily Signalchanged days ago
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A.I. Advisor
published General Information

General Information

Industry InvestmentManagers

Profile
Fundamentals
Details
Industry
N/A
Address
One Coleman Street
Phone
+44 2031242000
Employees
11498
Web
https://www.legalandgeneralgroup.com