FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis
NASDAQ:LEGR - Nasdaq - US33741X2018 - ETF - Currency: USD
Overall LEGR gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: LEGR has an average volume of 4966 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that LEGR is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, LEGR also shows a nice and consistent pattern of rising prices.
LEGR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LEGR is performing more or less in line with the market.
In the last month LEGR has a been trading in a tight range between 52.47 and 54.95.
Although LEGR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
45.94
55.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.42 to 52.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.18 from a horizontal line in the daily time frame.
- Support @46.40 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 53.12 to 54.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 LEGR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LEGR is neutral. |
| ChartMill Relative Strength | 76.44 | POSITIVE | LEGR has a high relative strength, it outperformed 76.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEGR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LEGR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LEGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.5 | NEUTRAL | The RSI value for LEGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests LEGR has a negative trend. |
| Stochastics (14,3) | 13.84 | OVERSOLD | The low Stochastics value suggests LEGR may be oversold. |
| Average True Range in percent/ATR (20) | 0.9 | LOW VOLATILITY | The low ATR as a percentage value for LEGR suggests low volalility. |
| Average Directional Index/ADX (14) | 24.57 | NEUTRAL | The ADX value for LEGR 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)
NASDAQ:LEGR (8/1/2025, 8:00:02 PM)
52.6212
-0.82 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.54%
1 Week-3.33%
2 Weeks-2.37%
1 Month-2.98%
3 Month6.2%
6 Month7.92%
12 Month23.64%
2 Year36.89%
3 Year54.9%
5 Year60.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%0.9%
ATR Inc132.18%
Range Today0.3
ADR(20)0.36
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.44
Mansfield0.17
10 Day High54.95
10 Day Low52.47
20 Day High54.95
20 Day Low52.47
52 Week High54.95
52 Week Low37.28
CS1 End52.61
CR1 Start53.12
Volume & EV
DER(3)-2.88%
DER(5)-2.41%
Volume3.90K
Volume Incr-11.38%
Vol(5)4.44K
Vol(50)4.97K