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Legend Biotech Corporation

LEGN Technical Analysis Summary (NASDAQ)

Analyze LEGN on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

LEGN●NASDAQ
HealthcareBiotechnology
$19.54
$0.87(4.26%)
U.S. Market opens in 4h 0m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

LEGN Technical Analysis Summary (NASDAQ)

Legend Biotech Corporation (NASDAQ: LEGN) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.57)
Trend Strength:Moderate (ADX: 23.80)
Volatility:High (ATR: 1.46)
Support/Resistance:$17.38 – $24.29 (Bollinger Bands)

Technical conditions suggest Legend Biotech Corporation on the NASDAQ is awaiting a decisive move. Overall, Legend Biotech Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 44.57

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 49.85

Neutral
Mid-range signal with no clear trend.

Williams %R: -81.69

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): 3.36

Bullish
Steady upward momentum.

Takeaway:Legend Biotech Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.65

Bullish
Bullish, trend momentum is strengthening.

ADX: 23.80

Moderate
Moderate trend, direction gaining strength.

ATR (14): 1.46

Low
Low volatility, stable price action.

CCI (14): -115.56

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Legend Biotech Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$24.29
Middle Band (SMA 20)
$20.83
Lower Band
$17.38
Current Position
Within Bands

Takeaway:Legend Biotech Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$23.95
Middle Line (EMA 20)
$21.02
Lower Channel
$18.10
Squeeze Status
No Squeeze

Takeaway:Legend Biotech Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-7.91M
Money Flow Index62.80Bullish, inflows support continued momentum.
Relative Vigor Index43.65Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:LEGN shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Legend Biotech Corporation (NASDAQ: LEGN), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Legend Biotech Corporation are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: LEGN) Technical Analysis FAQ