FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis
USA - NASDAQ:LEGR - US33741X2018 - ETF
55.625 USD
-0.15 (-0.27%)
Taking everything into account, LEGR scores 9 out of 10 in our technical rating. 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 7688 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, LEGR did better than 72% of all other stocks. We also observe that the gains produced by LEGR over the past year are nicely spread over this period.
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.
In the last month LEGR has a been trading in the 52.97 - 56.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although LEGR has an excellent technical rating, it does not offer a high 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
45.29
56.33
We found 5 important support areas.
- A support zone ranging from 53.55 to 54.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @51.18 from a horizontal line in the daily time frame.
- Support @47.14 from a trend line in the weekly time frame.
- Support @45.75 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.63 to 55.77. 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 | 72.3 | POSITIVE | LEGR has a high relative strength, it outperformed 72.3% 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) | 66.05 | NEUTRAL | The RSI value for LEGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests LEGR has a positive trend. |
| Stochastics (14,3) | 82.01 | OVERBOUGHT | The high Stochastics value suggests LEGR may be overbought. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for LEGR suggests low volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for LEGR suggests a weak or negative 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 (9/12/2025, 8:00:02 PM)
55.625
-0.15 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.27%
1 Week2.59%
2 Weeks1.74%
1 Month1.64%
3 Month5.89%
6 Month12.51%
12 Month23.75%
2 Year50.75%
3 Year83.64%
5 Year77.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%0.98%
ATR Inc104.7%
Range Today0.8
ADR(20)0.45
ADR(20)%0.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.3
Mansfield0.11
10 Day High56.54
10 Day Low52.97
20 Day High56.54
20 Day Low52.97
52 Week High56.54
52 Week Low41.87
CS1 End54.72
CR1 Start55.63
Volume & EV
DER(3)1.43%
DER(5)0.86%
Volume3.00K
Volume Incr-58.11%
Vol(5)3.60K
Vol(50)7.69K