Taking everything into account, LEGN scores 0 out of 10 in our technical rating. LEGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of LEGN is bad and it also does not present a quality setup 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
21.70
When analyzing the resistance we notice 3 important areas.
- Resistance @26.43 from a trend line in the daily time frame.
- A resistance zone ranging from 28.70 to 29.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.91 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for LEGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEGN is down. |
| ChartMill Relative Strength | 8.79 | NEGATIVE | LEGN has a low relative strength, it was outperformed by 91.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LEGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.4 | OVERSOLD | The low RSI value suggests LEGN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests LEGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.65 | OVERSOLD | The low Stochastics value suggests LEGN may be oversold. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for LEGN suggests high volalility. |
| Average Directional Index/ADX (14) | 52.29 | POSITIVE | The high ADX value value for LEGN suggests a strong trend. |
21.92
+0.64 (+3.01%)
LEGEND BIOTECH CORP-ADR / LEGN FAQ
What is the ChartMill technical rating of LEGEND BIOTECH CORP-ADR (LEGN) stock?
ChartMill assigns a technical rating of 0 / 10 to LEGN.
What is the trend direction for LEGN stock?
The current trend direction for LEGEND BIOTECH CORP-ADR (LEGN) is Bearish.
Can you provide the RSI signal for LEGEND BIOTECH CORP-ADR?
LEGEND BIOTECH CORP-ADR (LEGN) has an RSI value of 25.4026. This indicates that the stock is currently oversold.
What is the MACD signal for LEGEND BIOTECH CORP-ADR (LEGN) stock?
The MACD indicator for LEGEND BIOTECH CORP-ADR (LEGN) has a value of -0.262292, indicating a bearish trend.
What is the buy/sell signal for LEGN stock?
The buy/sell signal for LEGEND BIOTECH CORP-ADR (LEGN) is sell as both the short term and long term trends are negative.