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Takip Edin: @UscMarketsLEGN Stock Forecast & Legend Biotech Corporation Chart Analysis
This article provides a detailed analysis of LEGN-Legend Biotech Corporation stock including a forecast for LEGN shares. It features Legend Biotech Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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LEGN Historical Data Review
LEGN Current Price Performance Analysis
The Legend Biotech Corporation - LEGN stock traded on the American stock market, on 06-05-2024, closed at 43.64$ with a %5.56 increased compared to the previous day.
In the last month, the price of LEGN changed by %-3.58 decreased in value, from 45.26 dollars on 05-06-2024 to 43.64 dollars, decreased.
Last year, the price of LEGN was 68.06 dollars on 06-06-2023, and changed by %-35.88 decreased in value, to 43.64 dollars decreased within a year.
The price of Legend Biotech Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
LEGN with AI Stock Forecast & Price Target
On the LEGN chart Legend Biotech Corporation price was recorded as 43.64 Dollars on 06/05/2024.
The artificial intelligence's forecast on LEGN stock is as follows.
The artificial intelligence's prediction error margin for LEGN stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Legend Biotech Corporation stock over the next 4 months is: 33.6 Dollars.
The commentary on LEGN stock Target Price: Highest: 46.473 Dollars is predicted.
The commentary on LEGN stock Target Price: Lowest: 21.562 Dollars is predicted.
Resistance Price where Legend Biotech Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 46.473 |
| 10-08-2024 | 40.436 |
Support Price where Legend Biotech Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 35.886 |
The commentary on LEGN stock: The target price can generally be said to be on the decline.
The commentary on LEGN stock: Fluctuations in the target price can be expected in the coming days.
The target price for Legend Biotech Corporation stock by the end of 2024 is predicted to be 31.252 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on LEGN stock, and the 2024 target price predictions for Legend Biotech Corporation are detailed above.
The technical analysis and charts for the commentary on LEGN stock are below.
LEGN Support & Resistance and Trend Analysis
LEGN stock you have reviewed the technical analysis support resistance charts regarding.
LEGN : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the LEGN review, the Legend Biotech Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Legend Biotech Corporation Support and Resistance Prices:
| LEGN Support Level Price | LEGN Resistance Level Price |
|---|---|
| 38.60 | 46.89 |
| 39.13 | 57.64 |
| 42.08 | 61.85 |
| 47.08 | 62.83 |
| 51.07 | 64.15 |
| 55.00 | 66.16 |
| 56.50 | 69.24 |
| 56.76 | 70.13 |
| 57.10 | |
| 57.15 | |
| 57.24 | |
| 57.53 | |
| 61.30 |
LEGN Technical Analysis: SMA, RSI, MACD
Upon reviewing the LEGN chart, buy and sell signals have been generated in the Legend Biotech Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for LEGN stock are as follows:- LEGN technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Legend Biotech Corporation gave a 'Buy' signal when the RSI was at 29.912, with the current RSI value at 44.362.
- The technical analysis for LEGN indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Legend Biotech Corporation issued a 'Buy' signal when the MACD was at -2.062, with the current MACD value being: -1.69
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Legend Biotech Corporation stock: Click here to read more predictions on The AES Corporation stock.
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