FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis
USA - NASDAQ:LEGR - US33741X2018 - ETF
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.
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.
More info and screens
45.66
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.
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 | 76.88 | POSITIVE | LEGR has a high relative strength, it outperformed 76.88% 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) | 67.91 | NEUTRAL | The RSI value for LEGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests LEGR has a positive trend. |
| Stochastics (14,3) | 90.34 | OVERBOUGHT | The high Stochastics value suggests LEGR may be overbought. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for LEGR suggests low volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for LEGR suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 58.34 | 56.19 | 2.15 (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.
NASDAQ:LEGR (10/24/2025, 8:00:02 PM)
58.3205
+0.49 (+0.84%)
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.