FIRST TRUST INDXX INNOVATIVE (LEGR) Stock Technical Analysis
NASDAQ:LEGR - Nasdaq - US33741X2018 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to LEGR. In the last year, LEGR was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Warning: LEGR has an average volume of 7414 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that LEGR is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, LEGR also shows a nice and consistent pattern of rising prices.
LEGR is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so LEGR slightly outperforms the market at the moment.
In the last month LEGR has a been trading in the 41.87 - 49.23 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, LEGR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 46.91, a Stop Loss order could be placed below this zone.
More info and screens
43.23
50.72
2 important support areas can be observed.
- A support zone ranging from 46.68 to 46.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.67 to 44.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.11 to 50.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.25
Mansfield0.77
10 Day High48.46
10 Day Low45.35
20 Day High49.23
20 Day Low41.87
52 Week High50.35
52 Week Low37.28
Performance
1 Week4.87%
2 Weeks7.1%
1 Month-2.46%
3 Month-0.28%
6 Month3.5%
12 Month15.08%
2 Year29.64%
3 Year31.61%
5 Year78.43%
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)0.37
RSI(14)56.91
LBB43.22
UBB49.16
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 |
|---|---|---|---|
| 50.23 | 46.67 | 3.56 (7.09%) | 14.11% |
| An entry @50.23. This is a Buy Stop order right above the resistance zone. | An exit @46.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.56 points, which is 7.09%. | For a 1.00% total portfolio risk, you can invest 14.11% 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.
NASDAQ:LEGR (4/25/2025, 8:20:05 PM)
48.46
+0.24 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.5%
1 Week4.87%
2 Weeks7.1%
1 Month-2.46%
3 Month-0.28%
6 Month3.5%
12 Month15.08%
2 Year29.64%
3 Year31.61%
5 Year78.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.63
ATR(20)%3.1%
ATR Inc-69.34%
Range Today0.66
ADR(20)1.22
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.25
Mansfield0.77
10 Day High48.46
10 Day Low45.35
20 Day High49.23
20 Day Low41.87
52 Week High50.35
52 Week Low37.28
CS1 End46.91
CR1 Start50.11
Volume & EV
DER(3)1.08%
DER(5)0.79%
Volume3.70K
Volume Incr-59.28%
Vol(5)3.40K
Vol(50)7.41K