(LEG.W) Technical Analysis
NYSEARCA:LEG.W
Current stock price
LEG.W Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to LEG.W. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LEG.W is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that LEG.W is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, LEG.W also shows a nice and consistent pattern of rising prices.
- 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.
- In the last month LEG.W has a been trading in the 0.45 - 0.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LEG.W Weekly and Daily overview Charts
LEG.W Setup Rating and Analysis
Besides having an excellent technical rating, LEG.W also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.72. Right above this resistance zone may be a good entry point.
More info and screens
LEG.W Support and Resistance Analysis
0.42
We found 4 important support areas.
- Support @0.61 from a horizontal line in the daily time frame.
- Support @0.47 from a trend line in the daily time frame.
- Support @0.46 from a trend line in the weekly time frame.
- Support @0.42 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for LEG.W is up. |
| ChartMill Relative Strength | 97.43 | POSITIVE | LEG.W has a high relative strength, it outperformed 97.43% 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) | 54.02 | 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. |
| Stochastics (14,3) | 44.64 | NEUTRAL | The Stochastics value for LEG.W is a neutral value. |
| Average True Range in percent/ATR (20) | 13.85 | HIGH VOLATILITY | The high ATR as a percentage value for LEG.W suggests high volalility. |
| Average Directional Index/ADX (14) | 20.57 | NEUTRAL | The ADX value for LEG.W suggests a possible start of a new trend. |
LEG.W Chart- and CandleStick Pattern Analysis
LEG.W Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.74 | 0.60 | 0.14 (18.92%) | 5.29% |
| An entry @0.74. This is a Buy Stop order right above the resistance zone. | An exit @0.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.14 points, which is 18.92%. | When investing 5.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of LEG.W. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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 10 / 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 54.0178. 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 -0.00340865, indicating a bearish trend.
What are the support and resistance levels for (LEG.W) stock?
(LEG.W) has a support level at 0.61 and a resistance level at 0.72. Check the full technical report for our detailed analysis of LEG.W support and resistance levels.