LEGATO MERGER CORP II (LGTO)       8.94  +0.16 (+1.82%)

8.94  +0.16 (+1.82%)

US52473Y1047 - Common Stock - After market: 8.96 +0.02 (+0.22%)

Technical Rating

1

Taking everything into account, LGTO scores 1 out of 10 in our technical rating. LGTO 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 long and short term trends are both neutral. This gives a pretty neutral overall picture!
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. LGTO is lagging the S&P500 Index which is trading in the middle of its 52 week range.
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.

Statistics

1 Month 3 Months 6 Months 12 Months -12.44% -11.13% -10.29% -9.24% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 31.53 8.47 - 11.135
LGTO Weekly chart
LGTO Daily chart

Support/Resistance Analysis


8.85

10.35
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.

Setup Analysis

Setup Rating

2

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.


LGTO Daily chart

LEGATO MERGER CORP II8.94

NASDAQ:LGTO (2/14/2023, 7:19:14 PM)+0.16 (+1.82%)

After market: 8.96 +0.02 (+0.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
Today1.82%
1 Week-12.95%
2 Weeks-12.82%
1 Month-12.44%
3 Month-11.13%
6 Month-10.29%
Volatility
ATR(14)0.4
ATR(20)%3.24%
ATR Inc828.61%
Range Today1.28
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.53
Mansfield-1.25
10 Day High11.14
10 Day Low8.47
20 Day High11.14
20 Day Low8.47
52 Week High11.14
52 Week Low8.47
CS1 EndN/A
CR1 Start9.89
Volume & EV
DER(3)2.29%
DER(5)3.28%
Volume267.40K
Volume Incr303.09%
Vol(5)570.74K
Vol(50)121.89K

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