(LEG.W) Stock Technical Analysis
NYSEARCA:LEG.W
We assign a technical rating of 10 out of 10 to LEG.W. LEG.W has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, LEG.W did better than 98% of all other stocks. We also observe that the gains produced by LEG.W over the past year are nicely spread over this period.
- In the last month LEG.W has a been trading in the 0.35 - 0.68 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- LEG.W is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LEG.W is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LEG.W has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.40
We found 1 important support area.
- Support @0.40 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.69 to 0.69. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for LEG.W is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEG.W is up. |
| ChartMill Relative Strength | 98.64 | POSITIVE | LEG.W has a high relative strength, it outperformed 98.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEG.W is above 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) | 66.77 | NEUTRAL | The RSI value for LEG.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LEG.W has a positive trend. |
| Stochastics (14,3) | 94.81 | OVERBOUGHT | The high Stochastics value suggests LEG.W may be overbought. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for LEG.W suggests high volalility. |
| Average Directional Index/ADX (14) | 9.94 | 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 10 / 10 to LEG.W.
What is the trend direction for LEG.W stock?
The current trend direction for (LEG.W) is Bearish.
What is the RSI signal for LEG.W stock?
(LEG.W) has an RSI value of 66.7671. 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 0.0283091, indicating a bearish trend.
What is the short term momentum for (LEG.W) stock?
The short term momentum for (LEG.W) is positive.