FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis
USA - NASDAQ:LEGR - US33741X2018 - ETF
56.9455 USD
+0.13 (+0.22%)
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 8872 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!
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.
Looking at the yearly performance, LEGR did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month LEGR has a been trading in a tight range between 54.12 and 57.08.
Considerably lower volume is observed in the last couple of days.
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
45.48
57.53
When analyzing the support we can see 5 important areas.
- A support zone ranging from 56.00 to 56.36. 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 53.55 to 54.92. 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 @45.94 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 56.96 to 56.96. 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 | POSITIVE | LEGR has a high relative strength, it outperformed 72% 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) | 70.35 | OVERBOUGHT | The high RSI value suggests LEGR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests LEGR has a positive trend. |
| Stochastics (14,3) | 94.01 | OVERBOUGHT | The high Stochastics value suggests LEGR may be overbought. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for LEGR suggests low volalility. |
| Average Directional Index/ADX (14) | 16.19 | 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 (10/3/2025, 8:00:02 PM)
56.9455
+0.13 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.22%
1 Week1.68%
2 Weeks1.37%
1 Month5.03%
3 Month4.99%
6 Month28.49%
12 Month20.07%
2 Year59.82%
3 Year78.85%
5 Year85.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%0.8%
ATR Inc-35.82%
Range Today0.33
ADR(20)0.36
ADR(20)%0.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72
Mansfield0.14
10 Day High57.08
10 Day Low55.48
20 Day High57.08
20 Day Low54.12
52 Week High57.08
52 Week Low41.87
CS1 End56.36
CR1 Start56.96
Volume & EV
DER(3)-1.75%
DER(5)-1.34%
Volume3.30K
Volume Incr-42.1%
Vol(5)4.80K
Vol(50)8.87K