LEGEND BIOTECH CORP-ADR (LEGN) Technical Analysis
NASDAQ:LEGN • US52490G1022
Current stock price
LEGN Technical Rating and Analysis
Taking everything into account, LEGN scores 5 out of 10 in our technical rating. 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.
- 73% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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.
- In the last month LEGN has a been trading in the 16.70 - 26.72 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.
- LEGN has an average volume of 1914540 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 42% of 516 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LEGN Weekly and Daily overview Charts
LEGN Setup Rating and Analysis
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
LEGN Support and Resistance Analysis
16.48
2 important support areas can be observed.
- Support @18.49 from a trend line in the daily time frame.
- Support @16.65 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @23.91 from a horizontal line in the weekly time frame.
- Resistance @25.93 from a horizontal line in the daily time frame.
- Resistance @32.04 from a trend line in the weekly time frame.
LEGN 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 | 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 | 27.84 | NEGATIVE | LEGN has a low relative strength, it was outperformed by 72.16% 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) | 66.44 | NEUTRAL | The RSI value for LEGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests LEGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.73 | NEUTRAL | The Stochastics value for LEGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for LEGN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.78 | POSITIVE | The high ADX value value for LEGN suggests a strong trend. |
LEGN Chart- and CandleStick Pattern Analysis
LEGN Technicals: Chart, Performance Metrics, Trend & Indicators
23.9
-0.09 (-0.38%)
LEGEND BIOTECH CORP-ADR / LEGN TA FAQ
What is the ChartMill technical rating of LEGEND BIOTECH CORP-ADR (LEGN) stock?
ChartMill assigns a technical rating of 5 / 10 to LEGN.
Can you provide the trend direction for LEGEND BIOTECH CORP-ADR?
The current trend direction for LEGEND BIOTECH CORP-ADR (LEGN) is Bearish.
What is the RSI signal for LEGN stock?
LEGEND BIOTECH CORP-ADR (LEGN) has an RSI value of 66.4419. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LEGEND BIOTECH CORP-ADR?
The MACD indicator for LEGEND BIOTECH CORP-ADR (LEGN) has a value of 0.622998, indicating a bearish trend.
Can you provide the short term momentum for LEGEND BIOTECH CORP-ADR?
The short term momentum for LEGEND BIOTECH CORP-ADR (LEGN) is positive.