Advertisement

Meyka AI - Contribute to AI-powered stock and crypto research platform
Meyka Stock Market API - Real-time financial data and AI insights for developers
Advertise on Meyka - Reach investors and traders across 10 global markets
Loading...

Legend Biotech Corporation

LEGN•NASDAQ
Healthcare
Biotechnology
$17.49
$-0.11(-0.63%)
U.S. Market opens in NaNh NaNm

Legend Biotech Corporation (LEGN) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Legend Biotech Corporation (NASDAQ:LEGN).

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

Legend Biotech Corporation stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 42.70)
Trend Strength:Weak (ADX: 15.12)
Volatility:Medium (ATR: 0.86)
Support/Resistance:$16.78 – $20.12 (Bollinger Bands)

Overall, Legend Biotech Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 42.70

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 8.73

Bullish
Oversold zone signals rebound potential.

Williams %R: -82.11

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -0.87

Neutral
Price change is minimal.

Takeaway:Legend Biotech Corporation shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.38

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.12

Weak
Weak trend, market trading sideways.

ATR (14): 0.86

Low
Low volatility, stable price action.

CCI (14): -87.73

Bearish
Bearish, momentum remains under pressure.

Takeaway:Legend Biotech Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$20.12
Middle Band (SMA 20)
$18.45
Lower Band
$16.78
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$19.97
Middle Line (EMA 20)
$18.26
Lower Channel
$16.54
Squeeze Status
Squeeze On

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

Volume & Money Flow Analysis
On-Balance Volume-17.36M
Money Flow Index47.35Neutral, balanced money flows with no clear signal.
Relative Vigor Index30.19Bearish, price momentum favors sellers.

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

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

Bullish Signals

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.

Technical Analysis FAQ