LEGATO MERGER CORP II (LGTO) Technical Analysis
NASDAQ:LGTO • US52473Y1047
Current stock price
LGTO Technical Rating and Analysis
Overall LGTO gets a technical rating of 1 out of 10. LGTO'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.
- 69% of all other stocks performed better in the past year than LGTO.
- LGTO is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so LGTO is lagging the market.
- In the last month LGTO has a been trading in the 8.47 - 11.13 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
LGTO Weekly and Daily overview Charts
LGTO Setup Rating and Analysis
The technical rating of LGTO is bad and it also does not present a 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
LGTO Support and Resistance Analysis
8.85
We found 1 important resistance area.
- A resistance zone ranging from 9.89 to 10.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
LGTO 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 | NEUTRAL | NEUTRAL | The long term trend for LGTO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LGTO is neutral. |
| ChartMill Relative Strength | 31.53 | NEUTRAL | LGTO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LGTO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LGTO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LGTO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 16.65 | OVERSOLD | The low RSI value suggests LGTO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests LGTO has a negative trend. |
| Stochastics (14,3) | 23.69 | NEUTRAL | The Stochastics value for LGTO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for LGTO suggests some volalility. |
| Average Directional Index/ADX (14) | 38.52 | POSITIVE | The high ADX value value for LGTO suggests a strong trend. |
LGTO Chart- and CandleStick Pattern Analysis
LGTO Technicals: Chart, Performance Metrics, Trend & Indicators
8.94
+0.16 (+1.82%)
LEGATO MERGER CORP II / LGTO TA FAQ
What is the technical rating for LGTO stock?
ChartMill assigns a technical rating of 1 / 10 to LGTO.
Can you provide the trend direction for LEGATO MERGER CORP II?
The current trend direction for LEGATO MERGER CORP II (LGTO) is Bearish.
What is the RSI signal for LGTO stock?
LEGATO MERGER CORP II (LGTO) has an RSI value of 16.6496. This indicates that the stock is currently oversold.
What is the MACD signal for LEGATO MERGER CORP II (LGTO) stock?
The MACD indicator for LEGATO MERGER CORP II (LGTO) has a value of -0.142829, indicating a bearish trend.
Can you provide the short term momentum for LEGATO MERGER CORP II?
The short term momentum for LEGATO MERGER CORP II (LGTO) is neutral.