LEGENCE CORP-CL A (LGN) Technical Analysis
NASDAQ:LGN • US52476L1098
Current stock price
LGN Technical Rating and Analysis
Taking everything into account, LGN scores 6 out of 10 in our technical rating. Although LGN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, LGN is a bad performer in the overall market: 100% of all stocks are doing better.
- LGN is part of the Construction & Engineering industry. There are 56 other stocks in this industry, of which 81% are performing better than LGN.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month LGN has a been trading in the 46.96 - 58.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LGN Weekly and Daily overview Charts
LGN Setup Rating and Analysis
LGN has only a medium technical rating, but it does show 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. There is a support zone below the current price at 49.55, a Stop Loss order could be placed below this zone.
More info and screens
LGN Support and Resistance Analysis
47.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 48.82 to 49.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.92 from a trend line in the daily time frame.
LGN 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 | UP | POSITIVE | The long term trend for LGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LGN is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | LGN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LGN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 52.33 | NEUTRAL | The RSI value for LGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests LGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.04 | OVERBOUGHT | The high Stochastics value suggests LGN may be overbought. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for LGN suggests high volalility. |
| Average Directional Index/ADX (14) | 9.51 | NEGATIVE | The low ADX value for LGN suggests a weak or negative trend. |
LGN Chart- and CandleStick Pattern Analysis
LGN 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.88 | 48.81 | 7.07 (12.65%) | 7.90% |
| An entry @55.88. This is a Buy Stop order right above the 10 day high. | An exit @48.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.07 points, which is 12.65%. | For a 1.00% total portfolio risk, you can invest 7.90% 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.
LGN Technicals: Chart, Performance Metrics, Trend & Indicators
52.98
-2.83 (-5.07%)
LEGENCE CORP-CL A / LGN TA FAQ
What is the technical rating for LGN stock?
ChartMill assigns a technical rating of 6 / 10 to LGN.
Can you provide the trend direction for LEGENCE CORP-CL A?
The current trend direction for LEGENCE CORP-CL A (LGN) is Bullish.
Can you provide the RSI signal for LEGENCE CORP-CL A?
LEGENCE CORP-CL A (LGN) has an RSI value of 52.3263. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LEGENCE CORP-CL A?
The MACD indicator for LEGENCE CORP-CL A (LGN) has a value of 0.0683926, indicating a bearish trend.
What is the support and resistance level for LGN stock?
LEGENCE CORP-CL A (LGN) has a support level at 49.55. Check the full technical report for our detailed analysis of LGN support and resistance levels.