LEGATO MERGER CORP II (LGTO) Stock Technical Analysis
NASDAQ:LGTO - Nasdaq - US52473Y1047 - Common Stock - Currency: USD
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.
When comparing the yearly performance of all stocks, LGTO is a bad performer in the overall market: 69% of all stocks are doing better.
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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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
8.85
10.35
When analyzing the resistance we notice one important 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.
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
Performance
1 Week-12.95%
2 Weeks-12.82%
1 Month-12.44%
3 Month-11.13%
6 Month-10.29%
12 Month-9.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)16.65
LBB9.08
UBB11.04
8.94
+0.16 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.82%
1 Week-12.95%
2 Weeks-12.82%
1 Month-12.44%
3 Month-11.13%
6 Month-10.29%
12 Month-9.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%3.24%
ATR Inc828.61%
Range Today1.28
ADR(20)N/A
ADR(20)%N/A
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