Question 1

What does the Stochastic Oscillator suggest about LEGN's trend?

Accepted Answer

On August 07, 2024, the Stochastic Oscillator for LEGN moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 60 instances where the indicator left the oversold zone. In 49 of the 60 cases the stock moved higher in the following days. This puts the odds of a move higher at over 0%.

Question 2

How did LEGN's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on LEGN as a result. In 65 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 3

What does MACD indicator imply for LEGN?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for LEGN turned negative on July 30, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 35 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 4

What does a 3-day price advance indicate for LEGN?

Accepted Answer

Following a +2.15% 3-day Advance, the price is estimated to grow further. Considering data from situations where LEGN advanced for three days, in 182 of 243 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day decline signify for LEGN's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LEGN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 6

How does the Aroon Indicator reflect on LEGN's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 108 of 131 cases where LEGN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

LEGN Stock Legend Biotech (LEGN, $41.41) RSI Indicator left the oversold zone on May 24, 2024

LEGN sees its Stochastic Oscillator recovers from oversold territory

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