FIRST TRUST INDXX INNOVATIVE (LEGR) Technical Analysis
NASDAQ:LEGR • US33741X2018
Current stock price
LEGR Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to LEGR. Although LEGR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: LEGR has an average volume of 6544 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.
- LEGR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- LEGR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When comparing the performance of all stocks over the past year, LEGR turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
LEGR Weekly and Daily overview Charts
LEGR Setup Rating and Analysis
LEGR has an excellent technical rating, but the quality of the setup is 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
LEGR Support and Resistance Analysis
46.67
When analyzing the support we can see 4 important areas.
- A support zone ranging from 61.55 to 62.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 55.67 to 57.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.49 from a horizontal line in the daily time frame.
- Support @47.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.13 to 63.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
LEGR 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LEGR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEGR is up. |
| ChartMill Relative Strength | 66.38 | NEUTRAL | LEGR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEGR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LEGR is above 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) | 63.45 | NEUTRAL | The RSI value for LEGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LEGR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.49 | NEUTRAL | The Stochastics value for LEGR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for LEGR suggests low volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for LEGR suggests a weak or negative trend. |
LEGR Chart- and CandleStick Pattern Analysis
LEGR 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.14 | 61.40 | 1.74 (2.76%) | 25.00% |
| An entry @63.14. This is a Buy Stop order right above the resistance zone. | An exit @61.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.74 points, which is 2.76%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
LEGR Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:LEGR (5/1/2026, 8:00:03 PM)
62.774
+0.15 (+0.23%)
FIRST TRUST INDXX INNOVATIVE / LEGR TA FAQ
What is the technical rating for LEGR stock?
ChartMill assigns a technical rating of 8 / 10 to LEGR.
What is the current trend direction of FIRST TRUST INDXX INNOVATIVE (LEGR) stock?
The current trend direction for FIRST TRUST INDXX INNOVATIVE (LEGR) is Bullish.
Can you provide the RSI signal for FIRST TRUST INDXX INNOVATIVE?
FIRST TRUST INDXX INNOVATIVE (LEGR) has an RSI value of 63.4538. This indicates that the stock is currently neutral.
What is the buy/sell signal for 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 is the support and resistance level for LEGR stock?
FIRST TRUST INDXX INNOVATIVE (LEGR) has a support level at 62.69 and a resistance level at 63.13. Check the full technical report for our detailed analysis of LEGR support and resistance levels.