LEGEND BIOTECH CORP-ADR (LEGN) Stock Technical Analysis
NASDAQ:LEGN - Nasdaq - US52490G1022 - ADR - Currency: USD
Overall LEGN gets a technical rating of 8 out of 10. Although LEGN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month LEGN has a been trading in the 33.50 - 45.30 range, which is quite wide. It is currently trading near the high of this range.
LEGN has an average volume of 1827020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LEGN turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
LEGN is an average performer in the Biotechnology industry, it outperforms 64% of 556 stocks in the same industry.
LEGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LEGN is lagging the market.
Considerably lower volume is observed in the last couple of days.
LEGN 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
38.72
43.79
When analyzing the support we notice one important area.
- A support zone ranging from 39.11 to 39.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for LEGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEGN is up. |
| ChartMill Relative Strength | 40.57 | NEUTRAL | LEGN is not amongst the best or worst performers 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 | MIXED | The current price of LEGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.87 | OVERBOUGHT | The high RSI value suggests LEGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests LEGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.76 | OVERBOUGHT | The high Stochastics value suggests LEGN may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGN suggests some volalility. |
| Average Directional Index/ADX (14) | 39.58 | 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)
43.36
-0.85 (-1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.92%
1 Week4.26%
2 Weeks11.29%
1 Month29.51%
3 Month26.49%
6 Month17.47%
12 Month-23.41%
2 Year-42.58%
3 Year-8.21%
5 Year23.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.75
ATR(20)%3.94%
ATR Inc-33.19%
Range Today1.31
ADR(20)1.68
ADR(20)%3.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.57
Mansfield-0.08
10 Day High45.3
10 Day Low38.53
20 Day High45.3
20 Day Low33.5
52 Week High59.62
52 Week Low27.34
CS1 End39.5
CR1 StartN/A
Volume & EV
DER(3)1.54%
DER(5)2.17%
Volume996.90K
Volume Incr-31.33%
Vol(5)1.13M
Vol(50)1.83M