LEGEND BIOTECH CORP-ADR (LEGN) Stock Technical Analysis
NASDAQ:LEGN - US52490G1022 - ADR
34.73 USD
+0.36 (+1.05%)
34.85 USD
+0.12 (+0.35%)
We assign a technical rating of 0 out of 10 to LEGN. LEGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, LEGN is a bad performer in the overall market: 84% of all stocks are doing better.
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.
In the last month LEGN has a been trading in the 34.15 - 39.16 range, which is quite wide. It is currently trading near the lows of this range.
LEGN has an average volume of 1296380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
LEGN is part of the Biotechnology industry. There are 542 other stocks in this industry, LEGN did better than 48% of them.
LEGN has a poor technical rating and the quality of the setup is also 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
34.02
44.12
When analyzing the support we notice one important area.
- A support zone ranging from 34.36 to 34.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 37.51 to 37.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.82 from a trend line in the weekly time frame.
- Resistance @43.68 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for LEGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEGN is down. |
| ChartMill Relative Strength | 16.24 | NEGATIVE | LEGN has a low relative strength, it was outperformed by 83.76% 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) | 35.54 | NEUTRAL | The RSI value for LEGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests LEGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.86 | OVERSOLD | The low Stochastics value suggests LEGN may be oversold. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.92 | 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)
34.73
+0.36 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.05%
1 Week-2.33%
2 Weeks-7.39%
1 Month-10.49%
3 Month19.97%
6 Month-0.8%
12 Month-39.65%
2 Year-49.93%
3 Year-25.3%
5 Year2.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%3.4%
ATR Inc-44.73%
Range Today0.66
ADR(20)1.18
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.24
Mansfield-1.62
10 Day High38.12
10 Day Low34.15
20 Day High39.16
20 Day Low34.15
52 Week High59.62
52 Week Low27.34
CS1 End34.72
CR1 Start37.51
Volume & EV
DER(3)-0.51%
DER(5)0.53%
Volume881.50K
Volume Incr-6.66%
Vol(5)993.60K
Vol(50)1.30M