LGC Technical Analysis - LAVRAS GOLD CORP

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to LGC. LGC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

77% of all other stocks performed better in the past year than LGC.

LGC is part of the Metals & Mining industry. There are 805 other stocks in this industry, of which 62% are performing better than LGC.

LGC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LGC is lagging the market.

In the last month LGC has a been trading in the 1.68 - 2.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LAVRAS GOLD CORP / LGC Weekly stock chart

LAVRAS GOLD CORP / LGC Daily stock chart

Setup Rating and Analysis

LGC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.02. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.78

2.53

When analyzing the support we can see 2 important areas.

Support @1.87 from a trend line in the weekly time frame.
A support zone ranging from 1.80 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 2.02 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.41 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 2.48 to 2.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for LGC.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LGC.CA is down.
ChartMill Relative Strength	23.19	NEGATIVE	LGC.CA has a low relative strength, it was outperformed by 76.81% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LGC.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of LGC.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LGC.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.52	NEUTRAL	The RSI value for LGC.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests LGC.CA has a positive trend.
Stochastics (14,3)	77.58	NEUTRAL	The Stochastics value for LGC.CA is a neutral value.
Average True Range in percent/ATR (20)	5.08	HIGH VOLATILITY	The high ATR as a percentage value for LGC.CA suggests high volalility.
Average Directional Index/ADX (14)	30.89	POSITIVE	The high ADX value value for LGC.CA suggests a strong trend.