LARGO INC (LGO) Stock Technical Analysis
NASDAQ:LGO - Nasdaq - CA5170971017 - Common Stock - Currency: USD
Taking everything into account, LGO scores 0 out of 10 in our technical rating. LGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than LGO.
LGO is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 89% are performing better than LGO.
LGO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month LGO has a been trading in the 1.16 - 1.44 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
LGO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.37. Right above this resistance zone may be a good entry point.
More info and screens
1.16
2.45
When analyzing the support we notice one important area.
- Support @1.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.37 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.49 from a trend line in the daily time frame.
- Resistance @1.65 from a horizontal line in the daily time frame.
- Resistance @1.78 from a trend line in the weekly time frame.
- Resistance @2.43 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for LGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LGO is down. |
| ChartMill Relative Strength | 8.84 | NEGATIVE | LGO has a low relative strength, it was outperformed by 91.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.94 | NEUTRAL | The RSI value for LGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.28 | OVERSOLD | The low Stochastics value suggests LGO may be oversold. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for LGO suggests high volalility. |
| Average Directional Index/ADX (14) | 13.51 | NEGATIVE | The low ADX value for LGO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.25
+0.05 (+4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.17%
1 Week-1.57%
2 Weeks-3.1%
1 Month-4.58%
3 Month-26.47%
6 Month-26.04%
12 Month-32.43%
2 Year-70.86%
3 Year-81.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.65%
ATR Inc-7.87%
Range Today0.08
ADR(20)0.07
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.84
Mansfield-3.39
10 Day High1.38
10 Day Low1.16
20 Day High1.44
20 Day Low1.16
52 Week High2.84
52 Week Low1.12
CS1 End1.17
CR1 Start1.37
Volume & EV
DER(3)-16.31%
DER(5)-13.4%
Volume149.70K
Volume Incr49.6%
Vol(5)154.54K
Vol(50)97.20K