LGCY Technical Analysis - LEGACY EDUCATION INC

Technical Rating and Analysis

Overall LGCY gets a technical rating of 2 out of 10. Although LGCY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month LGCY has a been trading in the 9.10 - 13.60 range, which is quite wide. It is currently trading near the lows of this range.

LGCY is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 77% of 75 stocks in the same industry.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

Looking at the yearly performance, LGCY did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

LGCY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LGCY is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LEGACY EDUCATION INC / LGCY Weekly stock chart

LEGACY EDUCATION INC / LGCY Daily stock chart

Setup Rating and Analysis

LGCY has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.46

13.35

When analyzing the support we notice one important area.

A support zone ranging from 9.56 to 9.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @13.22 from a horizontal line in the daily time frame.

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for LGCY is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LGCY is down.
ChartMill Relative Strength	86.53	POSITIVE	LGCY has a high relative strength, it outperformed 86.53% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LGCY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of LGCY is below a declining 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)	38.28	NEUTRAL	The RSI value for LGCY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.29	NEGATIVE	The MACD value suggests LGCY has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.47	OVERSOLD	The low Stochastics value suggests LGCY may be oversold.
Average True Range in percent/ATR (20)	7.91	HIGH VOLATILITY	The high ATR as a percentage value for LGCY suggests high volalility.
Average Directional Index/ADX (14)	26.66	POSITIVE	The high ADX value value for LGCY suggests a strong trend.