FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis
USA - NASDAQ:LEGR - US33741X2018 - ETF
Overall LEGR gets a technical rating of 9 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.
LEGR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
45.85
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.55 to 54.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 52.61 to 52.61. 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 @46.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.98 to 59.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 79.85 | POSITIVE | LEGR has a high relative strength, it outperformed 79.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LEGR is below 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) | 51.03 | NEUTRAL | The RSI value for LEGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests LEGR has a negative trend. |
| Stochastics (14,3) | 42.3 | NEUTRAL | The Stochastics value for LEGR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for LEGR suggests low volalility. |
| Average Directional Index/ADX (14) | 13.05 | 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 |
|---|---|---|---|
| 57.99 | 56.84 | 1.15 (1.99%) | 25.00% |
| An entry @57.99. This is a Buy Stop order right above the 10 day moving average. | An exit @56.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.15 points, which is 1.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- 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 (11/14/2025, 8:00:02 PM)
57.8113
-0.11 (-0.19%)
FIRST TRUST INDXX INNOVATIVE / LEGR FAQ
What is the technical rating for LEGR stock?
ChartMill assigns a technical rating of 9 / 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 51.029. 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 54.89 and a resistance level at 57.98. Check the full technical report for our detailed analysis of LEGR support and resistance levels.