LEGEND BIOTECH CORP-ADR (LEGN) Stock Technical Analysis
NASDAQ:LEGN - Nasdaq - US52490G1022 - ADR - Currency: USD
Taking everything into account, LEGN scores 3 out of 10 in our technical rating. LEGN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
82% of all other stocks performed better in the past year than LEGN.
In the last month LEGN has a been trading in the 36.85 - 45.30 range, which is quite wide. It is currently trading near the lows of this range.
LEGN has an average volume of 1664230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
LEGN is part of the Biotechnology industry. There are 551 other stocks in this industry, LEGN did better than 50% of them.
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.
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
36.61
45.91
We found 1 important support area.
- A support zone ranging from 36.98 to 36.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 37.01 to 37.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.46 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 | UP | POSITIVE | The long term trend for LEGN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEGN is down. |
| ChartMill Relative Strength | 18.87 | NEGATIVE | LEGN has a low relative strength, it was outperformed by 81.13% 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) | UP | MIXED | The current price of LEGN is below 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) | 39.47 | NEUTRAL | The RSI value for LEGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests LEGN has a negative trend. |
| Stochastics (14,3) | 6.08 | OVERSOLD | The low Stochastics value suggests LEGN may be oversold. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for LEGN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.48 | NEUTRAL | The ADX value for LEGN suggests a possible start of a new 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)
37
-0.43 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.15%
1 Week-4.64%
2 Weeks-14.67%
1 Month-5.03%
3 Month16.43%
6 Month4.58%
12 Month-33.81%
2 Year-46.66%
3 Year-20.41%
5 Year8.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%4.37%
ATR Inc-37.66%
Range Today0.97
ADR(20)1.59
ADR(20)%4.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.87
Mansfield-1.32
10 Day High43.71
10 Day Low36.85
20 Day High45.3
20 Day Low36.85
52 Week High59.62
52 Week Low27.34
CS1 End36.99
CR1 Start37.01
Volume & EV
DER(3)1.6%
DER(5)0.79%
Volume1.18M
Volume Incr-37.91%
Vol(5)886.56K
Vol(50)1.66M