We assign a technical rating of 4 out of 10 to LGCY. LGCY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
LGCY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.07, a Stop Loss order could be placed below this zone.
More info and screens
8.28
3 important support areas can be observed.
- A support zone ranging from 9.77 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.52 from a trend line in the weekly time frame.
- Support @8.36 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.09 to 10.25. 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 | 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 | 59.08 | NEUTRAL | LGCY is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of LGCY is above 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) | 57.59 | NEUTRAL | The RSI value for LGCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests LGCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.99 | NEUTRAL | The Stochastics value for LGCY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for LGCY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.45 | NEUTRAL | The ADX value for LGCY suggests a possible start of a new trend. |
10.08
+0.12 (+1.2%)
LEGACY EDUCATION INC / LGCY FAQ
Can you provide the ChartMill technical rating for LEGACY EDUCATION INC?
ChartMill assigns a technical rating of 4 / 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 57.5928. 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 0.217242, indicating a bearish trend.