(LEG.W) Technical Analysis
NYSEARCA:LEG.W
Current stock price
LEG.W Technical Rating and Analysis
Overall LEG.W gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month LEG.W has a been trading in the 0.45 - 0.74 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that LEG.W is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, LEG.W also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- LEG.W is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LEG.W is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
LEG.W Weekly and Daily overview Charts
LEG.W Setup Rating and Analysis
LEG.W has an excellent technical rating, but the quality of the setup is only medium 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
LEG.W Support and Resistance Analysis
0.31
We found 5 important support areas.
- A support zone ranging from 0.49 to 0.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.41 from a trend line in the daily time frame.
- Support @0.40 from a horizontal line in the daily time frame.
- Support @0.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.58 from a trend line in the daily time frame.
- Resistance @0.64 from a trend line in the weekly time frame.
LEG.W Technical Indicator Signal Analysis
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 | 93.75 | POSITIVE | LEG.W has a high relative strength, it outperformed 93.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LEG.W is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LEG.W is above 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) | 47.21 | NEUTRAL | The RSI value for LEG.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LEG.W has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.44 | NEUTRAL | The Stochastics value for LEG.W is a neutral value. |
| Average True Range in percent/ATR (20) | 11.63 | HIGH VOLATILITY | The high ATR as a percentage value for LEG.W suggests high volalility. |
| Average Directional Index/ADX (14) | 24.63 | NEUTRAL | The ADX value for LEG.W suggests a possible start of a new trend. |
LEG.W Chart- and CandleStick Pattern Analysis
LEG.W Technicals: Chart, Performance Metrics, Trend & Indicators
/ LEG.W TA FAQ
What is the ChartMill technical rating of (LEG.W) stock?
ChartMill assigns a technical rating of 8 / 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 47.2129. 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 -0.0101916, indicating a bearish trend.
What are the support and resistance levels for (LEG.W) stock?
(LEG.W) has a support level at 0.49 and a resistance level at 0.51. Check the full technical report for our detailed analysis of LEG.W support and resistance levels.