Taking everything into account, LGO scores 6 out of 10 in our technical rating. LGO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- LGO is one of the lesser performing stocks in the Metals & Mining industry. 83% of 154 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month LGO has a been trading in the 0.90 - 1.47 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, LGO turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- LGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LGO is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LGO has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.88
We found 1 important support area.
- Support @0.89 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.46 from a horizontal line in the daily time frame.
- Resistance @1.88 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for LGO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LGO is up. |
| ChartMill Relative Strength | 46.98 | NEUTRAL | LGO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.11 | NEUTRAL | The RSI value for LGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.66 | OVERBOUGHT | The high Stochastics value suggests LGO may be overbought. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for LGO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.43 | POSITIVE | The high ADX value value for LGO suggests a strong trend. |
1.42
+0.03 (+2.16%)
LARGO INC / LGO FAQ
What is the ChartMill technical rating of LARGO INC (LGO) stock?
ChartMill assigns a technical rating of 6 / 10 to LGO.
What is the current trend direction of LARGO INC (LGO) stock?
The current trend direction for LARGO INC (LGO) is Bearish.
What is the RSI signal for LARGO INC (LGO) stock?
LARGO INC (LGO) has an RSI value of 67.1149. This indicates that the stock is currently neutral.
What are the support and resistance levels for LARGO INC (LGO) stock?
LARGO INC (LGO) has a support level at 0.89 and a resistance level at 1.46. Check the full technical report for our detailed analysis of LGO support and resistance levels.