Taking everything into account, LEG.W scores 5 out of 10 in our technical rating. In the last year, LEG.W was one of the better performers, but we do observe some doubts in the very recent evolution.
- LEG.W is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month LEG.W has a been trading in the 0.40 - 0.52 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, LEG.W did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Considerably lower volume is observed in the last couple of days.
LEG.W has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LEG.W is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEG.W is down. |
| ChartMill Relative Strength | 95.41 | POSITIVE | LEG.W has a high relative strength, it outperformed 95.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEG.W is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LEG.W is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LEG.W is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.22 | NEUTRAL | The RSI value for LEG.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LEG.W has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.99 | OVERSOLD | The low Stochastics value suggests LEG.W may be oversold. |
| Average True Range in percent/ATR (20) | 8.9 | HIGH VOLATILITY | The high ATR as a percentage value for LEG.W suggests high volalility. |
| Average Directional Index/ADX (14) | 7.09 | NEGATIVE | The low ADX value for LEG.W suggests a weak or negative trend. |
/ LEG.W FAQ
What is the ChartMill technical rating of (LEG.W) stock?
ChartMill assigns a technical rating of 5 / 10 to LEG.W.
What is the trend direction for LEG.W stock?
The current trend direction for (LEG.W) is Bullish.
What is the RSI signal for LEG.W stock?
(LEG.W) has an RSI value of 47.2232. This indicates that the stock is currently neutral.
What is the MACD signal for (LEG.W) stock?
The MACD indicator for (LEG.W) has a value of -0.00122027, indicating a bearish trend.
What is the short term momentum for (LEG.W) stock?
The short term momentum for (LEG.W) is negative.