FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis
NASDAQ:LEGR - US33741X2018 - ETF
55.1175 USD
+0.63 (+1.15%)
Overall LEGR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LEGR is showing a nice and steady performance.
Warning: LEGR has an average volume of 7976 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 73% of all stocks. On top of that, LEGR also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by LEGR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month LEGR has a been trading in a tight range between 52.47 and 55.33.
Although LEGR has an excellent technical rating, it does not present a decent entry opportunity 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
46.30
55.68
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.62 to 54.77. 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 @46.77 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.13 to 55.13. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for LEGR is up. |
| ChartMill Relative Strength | 73.81 | POSITIVE | LEGR has a high relative strength, it outperformed 73.81% off all stocks 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) | 64.89 | NEUTRAL | The RSI value for LEGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests LEGR has a positive trend. |
| Stochastics (14,3) | 83.31 | OVERBOUGHT | The high Stochastics value suggests LEGR may be overbought. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for LEGR suggests low volalility. |
| Average Directional Index/ADX (14) | 24.17 | 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 (8/22/2025, 8:20:40 PM)
55.1175
+0.63 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.15%
1 Week0.69%
2 Weeks1.84%
1 Month1.25%
3 Month7.69%
6 Month10.77%
12 Month21.62%
2 Year43.39%
3 Year62.25%
5 Year67.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%0.94%
ATR Inc29.81%
Range Today0.21
ADR(20)0.39
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.81
Mansfield0.23
10 Day High55.33
10 Day Low53.9
20 Day High55.33
20 Day Low52.47
52 Week High55.33
52 Week Low41.87
CS1 End54.77
CR1 Start55.13
Volume & EV
DER(3)-0.83%
DER(5)0.14%
Volume2.10K
Volume Incr-20.49%
Vol(5)7.84K
Vol(50)7.98K