LEGEND BIOTECH CORP-ADR (LEGN) Stock Technical Analysis
NASDAQ:LEGN - Nasdaq - US52490G1022 - ADR - Currency: USD
We assign a technical rating of 2 out of 10 to LEGN. Recently some decent action could be observed, but in the medium term time frame this is still negative. LEGN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, LEGN is a bad performer in the overall market: 86% of all stocks are doing better.
LEGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month LEGN has a been trading in the 34.36 - 40.00 range, which is quite wide. It is currently trading near the high of this range.
LEGN has an average volume of 1292940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
LEGN is an average performer in the Biotechnology industry, it outperforms 51% of 571 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LEGN 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.
More info and screens
34.27
49.73
We found 2 important support areas.
- Support @35.95 from a trend line in the daily time frame.
- Support @34.62 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 39.71 to 39.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.24 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.01
Mansfield-2.13
10 Day High40
10 Day Low34.36
20 Day High40
20 Day Low34.36
52 Week High70.13
52 Week Low30.17
Performance
1 Week9.1%
2 Weeks9.94%
1 Month5.33%
3 Month-3.03%
6 Month-30.96%
12 Month-39.94%
2 Year-14.03%
3 Year0.28%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.34
RSI(14)64.82
LBB34.17
UBB39.98
39.7
+0.78 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2%
1 Week9.1%
2 Weeks9.94%
1 Month5.33%
3 Month-3.03%
6 Month-30.96%
12 Month-39.94%
2 Year-14.03%
3 Year0.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.76
ATR(20)%4.26%
ATR Inc-34.14%
Range Today0.58
ADR(20)1.63
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.01
Mansfield-2.13
10 Day High40
10 Day Low34.36
20 Day High40
20 Day Low34.36
52 Week High70.13
52 Week Low30.17
CS1 End35.95
CR1 Start39.71
Volume & EV
DER(3)-1.58%
DER(5)-0.44%
Volume1.02M
Volume Incr-19.82%
Vol(5)944.96K
Vol(50)1.29M