LEGEND BIOTECH CORP-ADR (LEGN) Stock Technical Analysis
NASDAQ:LEGN - Nasdaq - US52490G1022 - ADR - Currency: USD
Taking everything into account, LEGN scores 0 out of 10 in our technical rating. LEGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, LEGN is a bad performer in the overall market: 74% 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month LEGN has a been trading in the 29.27 - 35.74 range, which is quite wide. It is currently trading near the high of this range.
LEGN has an average volume of 1328620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LEGN is part of the Biotechnology industry. There are 568 other stocks in this industry, LEGN did better than 68% of them.
LEGN has a bad 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 34.29. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for LEGN 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.
More info and screens
31.67
46.71
When analyzing the support we can see 2 important areas.
- Support @34.04 from a trend line in the daily time frame.
- Support @31.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 34.29 to 35.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.49 from a trend line in the daily time frame.
- Resistance @46.25 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
CRS26.74
Mansfield-1.79
10 Day High35.32
10 Day Low31.23
20 Day High35.74
20 Day Low29.27
52 Week High60.87
52 Week Low29.27
Performance
1 Week4.51%
2 Weeks9.59%
1 Month-3.14%
3 Month-7.13%
6 Month-23.38%
12 Month-24.33%
2 Year-50.11%
3 Year-14.62%
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)0.38
RSI(14)52.36
LBB30.02
UBB35.41
34.28
+0.04 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.12%
1 Week4.51%
2 Weeks9.59%
1 Month-3.14%
3 Month-7.13%
6 Month-23.38%
12 Month-24.33%
2 Year-50.11%
3 Year-14.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.77
ATR(20)%5.4%
ATR Inc-47.77%
Range Today0.88
ADR(20)1.68
ADR(20)%4.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.74
Mansfield-1.79
10 Day High35.32
10 Day Low31.23
20 Day High35.74
20 Day Low29.27
52 Week High60.87
52 Week Low29.27
CS1 End34.04
CR1 Start34.29
Volume & EV
DER(3)3.72%
DER(5)3.3%
Volume570.70K
Volume Incr-37.92%
Vol(5)995.06K
Vol(50)1.33M