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FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis

NASDAQ:LEGR - Nasdaq - US33741X2018 - ETF - Currency: USD

54.435  +0.04 (+0.07%)

Technical Rating and Analysis

10

Taking everything into account, LEGR scores 10 out of 10 in our technical rating. 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 4890 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!
When comparing the yearly performance of all stocks, we notice that LEGR is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, LEGR also shows a nice and consistent pattern of rising prices.
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 a tight range between 53.35 and 54.77.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
FIRST TRUST INDXX INNOVATIVE / LEGR Weekly stock chart
FIRST TRUST INDXX INNOVATIVE / LEGR Daily stock chart
Setup Rating and Analysis

8

LEGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 54.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LEGR in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

45.82

55.32

We found 3 important support areas.

  • A support zone ranging from 52.08 to 54.20. 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 @46.28 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 54.45 to 54.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for LEGR is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for LEGR is up.
ChartMill Relative Strength76.81POSITIVELEGR has a high relative strength, it outperformed 76.81% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of LEGR is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of LEGR is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of LEGR is above the rising SMA(200).
Relative Strength Index/RSI (14)62.06NEUTRALThe RSI value for LEGR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests LEGR has a negative trend, although the MACD value is rising.
Stochastics (14,3)83.5OVERBOUGHTThe high Stochastics value suggests LEGR may be overbought.
Average True Range in percent/ATR (20)0.72LOW VOLATILITYThe low ATR as a percentage value for LEGR suggests low volalility.
Average Directional Index/ADX (14)26.75POSITIVEThe high ADX value value for LEGR suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
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.

ENTRYEXITDISTANCECAPITAL
54.7853.341.44 (2.63%)25.00%
An entry @54.78. This is a Buy Stop order right above the resistance zone.An exit @53.34. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.44 points, which is 2.63%.For a 0.66% 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.
FIRST TRUST INDXX INNOVATIVE / LEGR Daily stock chart

FIRST TRUST INDXX INNOVATIVE

NASDAQ:LEGR (7/25/2025, 8:01:37 PM)

54.435

+0.04 (+0.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.07%
1 Week0.99%
2 Weeks1.56%
1 Month2.2%
3 Month12.33%
6 Month12.01%
12 Month24.42%
2 Year36.6%
3 Year54.69%
5 Year75.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%0.72%
ATR Inc1.25%
Range Today0.4
ADR(20)0.31
ADR(20)%0.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.81
Mansfield0.28
10 Day High54.77
10 Day Low53.35
20 Day High54.77
20 Day Low53.35
52 Week High54.77
52 Week Low37.28
CS1 End54.2
CR1 Start54.45
Volume & EV
DER(3)3.07%
DER(5)1.84%
Volume5.40K
Volume Incr-43.32%
Vol(5)3.12K
Vol(50)4.89K