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Leagold Mining Corporation (LMC.CA) Stock Technical Analysis

Canada - TSX:LMC -

2.6
-0.4 (-13.33%)
Last: 3/12/2020, 4:01:00 PM
Technical Rating and Analysis

2

Overall LMC gets a technical rating of 2 out of 10. Although LMC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month LMC has a been trading in the 2.22 - 4.44 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that LMC is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
LMC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LMC is lagging the market slightly.

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Weekly and Daily overview Charts
Leagold Mining Corporation / LMC Weekly stock chart
Leagold Mining Corporation / LMC Daily stock chart
Setup Rating and Analysis

3

The technical rating of LMC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

1.57

3.83

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 2.08 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @1.59 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • Resistance @3.79 from a trend line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for LMC.CA is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for LMC.CA is down.
ChartMill Relative Strength93.6POSITIVELMC.CA has a high relative strength, it outperformed 93.6% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of LMC.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of LMC.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)UPMIXEDThe current price of LMC.CA is below the rising SMA(200).
Relative Strength Index/RSI (14)30.49NEUTRALThe RSI value for LMC.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.13NEGATIVEThe MACD value suggests LMC.CA has a negative trend.
Stochastics (14,3)17.8OVERSOLDThe low Stochastics value suggests LMC.CA may be oversold.
Average True Range in percent/ATR (20)13.63HIGH VOLATILITYThe high ATR as a percentage value for LMC.CA suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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Leagold Mining Corporation / LMC Daily stock chart

Leagold Mining Corporation

TSX:LMC (3/12/2020, 4:01:00 PM)

2.6

-0.4 (-13.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-13.33%
1 Week-34.34%
2 Weeks-31.76%
1 Month-28.77%
3 Month-3.7%
6 Month-2.26%
12 Month32.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%13.63%
ATR Inc90.14%
Range Today0.58
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
CRS93.6
3 months CRSN/A
6 months CRSN/A
Mansfield2.95
10 Day High4
10 Day Low2.22
20 Day High4.44
20 Day Low2.22
52 Week High4.44
52 Week Low1.41
CS1 End2.09
CR1 Start3.79
Volume & EV
DER(3)-5.7%
DER(5)-6.19%
Volume2.15M
Volume Incr37.85%
Vol(5)1.13M
Vol(50)694.78K

Leagold Mining Corporation / LMC.CA FAQ

Can you provide the ChartMill technical rating for Leagold Mining Corporation?

ChartMill assigns a technical rating of 1 / 10 to LMC.CA.


What is the trend direction for LMC stock?

The current trend direction for Leagold Mining Corporation (LMC.CA) is Bearish.


What is the RSI signal for Leagold Mining Corporation (LMC.CA) stock?

Leagold Mining Corporation (LMC.CA) has an RSI value of 30.4921. This indicates that the stock is currently neutral.


Can you provide the MACD signal for Leagold Mining Corporation?

The MACD indicator for Leagold Mining Corporation (LMC.CA) has a value of -0.129733, indicating a bearish trend.