Overall LGCY gets a technical rating of 7 out of 10. In the past year, LGCY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Besides having an excellent technical rating, LGCY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for LGCY 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.
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8.56
We found 5 important support areas.
- A support zone ranging from 10.11 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.83 to 9.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.59 to 9.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.81 from a trend line in the weekly time frame.
- Support @8.65 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @10.54 from a horizontal line in the weekly time frame.
- Resistance @10.81 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for LGCY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LGCY is up. |
| ChartMill Relative Strength | 80.08 | POSITIVE | LGCY has a high relative strength, it outperformed 80.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LGCY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LGCY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LGCY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.25 | NEUTRAL | The RSI value for LGCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LGCY has a positive trend. |
| Stochastics (14,3) | 61.53 | NEUTRAL | The Stochastics value for LGCY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for LGCY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for LGCY suggests a possible start of a new 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 |
|---|---|---|---|
| 10.55 | 10.10 | 0.45 (4.27%) | 23.44% |
| An entry @10.55. This is a Buy Stop order right above the resistance zone. | An exit @10.10. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.45 points, which is 4.27%. | When investing 23.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of LGCY. Please evaluate whether better entry and exit points can be found.
- 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.
10.53
+0.28 (+2.73%)
LEGACY EDUCATION INC / LGCY FAQ
Can you provide the ChartMill technical rating for LEGACY EDUCATION INC?
ChartMill assigns a technical rating of 7 / 10 to LGCY.
Can you provide the trend direction for LEGACY EDUCATION INC?
The current trend direction for LEGACY EDUCATION INC (LGCY) is Bearish.
Can you provide the RSI signal for LEGACY EDUCATION INC?
LEGACY EDUCATION INC (LGCY) has an RSI value of 57.2498. This indicates that the stock is currently neutral.
What is the MACD signal for LEGACY EDUCATION INC (LGCY) stock?
The MACD indicator for LEGACY EDUCATION INC (LGCY) has a value of 0.0182933, indicating a bearish trend.