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FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis

USA - NASDAQ:LEGR - US33741X2018 - ETF

58.3205 USD
+0.49 (+0.84%)
Last: 10/24/2025, 8:00:02 PM
Technical Rating and Analysis

10

Overall LEGR gets a technical rating of 10 out of 10. Both in the recent history as in the last year, LEGR has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: LEGR has an average volume of 7702 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
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. We also observe that the gains produced by LEGR over the past year are nicely spread over this period.
LEGR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month LEGR has a been trading in a tight range between 55.72 and 58.46.
Weekly and Daily overview Charts
FIRST TRUST INDXX INNOVATIVE / LEGR Weekly stock chart
FIRST TRUST INDXX INNOVATIVE / LEGR Daily stock chart
Setup Rating and Analysis

7

Although LEGR has an excellent technical rating, the quality of the presented setup is not ideal 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.

Support and Resistance Analysis

45.66

58.91

We found 4 important support areas.

  • A support zone ranging from 55.67 to 57.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 53.55 to 54.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 52.62 to 52.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @46.12 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 58.33 to 58.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for LEGR is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for LEGR is up.
ChartMill Relative Strength76.88POSITIVELEGR has a high relative strength, it outperformed 76.88% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of LEGR is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of LEGR is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of LEGR is above the rising SMA(200).
Relative Strength Index/RSI (14)67.91NEUTRALThe RSI value for LEGR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.06POSITIVEThe MACD value suggests LEGR has a positive trend.
Stochastics (14,3)90.34OVERBOUGHTThe high Stochastics value suggests LEGR may be overbought.
Average True Range in percent/ATR (20)0.97LOW VOLATILITYThe low ATR as a percentage value for LEGR suggests low volalility.
Average Directional Index/ADX (14)14.05NEGATIVEThe low ADX value for LEGR suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
58.3456.192.15 (3.69%)25.00%
An entry @58.34. This is a Buy Stop order right above the resistance zone.An exit @56.19. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.15 points, which is 3.69%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FIRST TRUST INDXX INNOVATIVE / LEGR Daily stock chart

FIRST TRUST INDXX INNOVATIVE

NASDAQ:LEGR (10/24/2025, 8:00:02 PM)

58.3205

+0.49 (+0.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.84%
1 Week1.99%
2 Weeks4.62%
1 Month4.13%
3 Month7.14%
6 Month20.35%
12 Month24.56%
2 Year63.68%
3 Year83.17%
5 Year89.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%0.97%
ATR Inc-9.46%
Range Today0.48
ADR(20)0.44
ADR(20)%0.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.88
3 months CRS69.75
6 months CRS66.68
Mansfield0.23
10 Day High58.46
10 Day Low56.2
20 Day High58.46
20 Day Low55.72
52 Week High58.46
52 Week Low41.87
CS1 End57.33
CR1 Start58.33
Volume & EV
DER(3)-2.89%
DER(5)-1.66%
Volume8.00K
Volume Incr-8.03%
Vol(5)8.42K
Vol(50)7.70K

FIRST TRUST INDXX INNOVATIVE / LEGR FAQ

What is the technical rating for LEGR stock?

ChartMill assigns a technical rating of 10 / 10 to LEGR.


What is the trend direction for LEGR stock?

The current trend direction for FIRST TRUST INDXX INNOVATIVE (LEGR) is Bullish.


What is the RSI signal for FIRST TRUST INDXX INNOVATIVE (LEGR) stock?

FIRST TRUST INDXX INNOVATIVE (LEGR) has an RSI value of 67.9057. This indicates that the stock is currently neutral.


What is the buy/sell signal for FIRST TRUST INDXX INNOVATIVE (LEGR) stock?

The buy/sell signal for FIRST TRUST INDXX INNOVATIVE (LEGR) is buy as both the short term and long term trends are positive.


What are the support and resistance levels for FIRST TRUST INDXX INNOVATIVE (LEGR) stock?

FIRST TRUST INDXX INNOVATIVE (LEGR) has a support level at 57.33 and a resistance level at 58.33. Check the full technical report for our detailed analysis of LEGR support and resistance levels.