LEGEND BIOTECH CORP-ADR (LEGN) Stock Technical Analysis
NASDAQ:LEGN - Nasdaq - US52490G1022 - ADR - Currency: USD
Overall LEGN gets a technical rating of 5 out of 10. In the past year, LEGN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
80% of all other stocks performed better in the past year than LEGN.
LEGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LEGN is lagging the market.
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.
LEGN has an average volume of 1841500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LEGN is an average performer in the Biotechnology industry, it outperforms 59% of 557 stocks in the same industry.
In the last month LEGN has a been trading in the 27.98 - 39.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LEGN has an average technical rating and it also does not offer a high 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
34.34
44.03
We found 1 important support area.
- A support zone ranging from 34.69 to 34.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @36.84 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 37.62 to 38.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @43.59 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 | NEUTRAL | NEUTRAL | The long term trend for LEGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEGN is up. |
| ChartMill Relative Strength | 20.2 | NEGATIVE | LEGN has a low relative strength, it was outperformed by 79.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LEGN is above the rising 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) | 56.69 | NEUTRAL | The RSI value for LEGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests LEGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.95 | NEUTRAL | The Stochastics value for LEGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for LEGN suggests high volalility. |
| Average Directional Index/ADX (14) | 30.13 | POSITIVE | The high ADX value value for LEGN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
34.89
+0.19 (+0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.55%
1 Week-4.65%
2 Weeks14.92%
1 Month16.03%
3 Month-5.58%
6 Month2.38%
12 Month-18.12%
2 Year-49.46%
3 Year-36.56%
5 Year-18.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.11
ATR(20)%5.37%
ATR Inc-31.66%
Range Today0.78
ADR(20)1.71
ADR(20)%4.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.2
Mansfield-1.86
10 Day High39.36
10 Day Low30.7
20 Day High39.36
20 Day Low27.98
52 Week High60.87
52 Week Low27.34
CS1 End34.88
CR1 Start36.84
Volume & EV
DER(3)0.22%
DER(5)1.23%
Volume884.50K
Volume Incr-14.7%
Vol(5)1.86M
Vol(50)1.84M