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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, LEGN is a bad performer in the overall market: 94% of all stocks are doing better.
- LEGN is one of the lesser performing stocks in the Biotechnology industry. 78% of 523 stocks in the same industry do better.
- LEGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month LEGN has a been trading in the 16.24 - 23.88 range, which is quite wide. It is currently trading near the lows of this range.
- LEGN has an average volume of 2667620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
17.73
We can see 2 important resistance areas.
- Resistance @21.30 from a trend line in the daily time frame.
- Resistance @34.94 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 | 6.36 | NEGATIVE | LEGN has a low relative strength, it was outperformed by 93.64% 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) | 38 | NEUTRAL | The RSI value for LEGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests LEGN has a positive trend. |
| Stochastics (14,3) | 22.89 | NEUTRAL | The Stochastics value for LEGN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for LEGN suggests high volalility. |
| Average Directional Index/ADX (14) | 33.9 | POSITIVE | The high ADX value value for LEGN suggests a strong trend. |
17.91
+0.72 (+4.19%)
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.
Can you provide the trend direction for LEGEND BIOTECH CORP-ADR?
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 38.002. This indicates that the stock is currently neutral.
What is the short term momentum for LEGEND BIOTECH CORP-ADR (LEGN) stock?
The short term momentum for LEGEND BIOTECH CORP-ADR (LEGN) is negative.
Can you provide the buy/sell signal for LEGEND BIOTECH CORP-ADR?
The buy/sell signal for LEGEND BIOTECH CORP-ADR (LEGN) is sell as both the short term and long term trends are negative.