LUNDIN GOLD INC (LUG.CA) Stock Technical Analysis
TSX:LUG - Toronto Stock Exchange - CA5503711080 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to LUG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LUG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, LUG did better than 97% of all other stocks. We also observe that the gains produced by LUG over the past year are nicely spread over this period.
LUG is one of the better performing stocks in the Metals & Mining industry, it outperforms 95% of 796 stocks in the same industry.
LUG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LUG is leading the market.
In the last month LUG has a been trading in the 52.23 - 67.80 range, which is quite wide. It is currently trading near the high of this range.
LUG has an excellent technical rating, but the quality of the setup is only medium 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
40.11
64.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.71 to 59.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 54.33 to 54.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.47 from a trend line in the daily time frame.
- Support @40.52 from a trend 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 | UP | POSITIVE | The long term trend for LUG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LUG.CA is up. |
| ChartMill Relative Strength | 97.86 | POSITIVE | LUG.CA has a high relative strength, it outperformed 97.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LUG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LUG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LUG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.75 | NEUTRAL | The RSI value for LUG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests LUG.CA has a positive trend. |
| Stochastics (14,3) | 66.13 | NEUTRAL | The Stochastics value for LUG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for LUG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.66 | NEUTRAL | The ADX value for LUG.CA suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.43 | 58.70 | 5.73 (8.89%) | 11.24% |
| An entry @64.43. This is a Buy Stop order right above the 10 day high. | An exit @58.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.73 points, which is 8.89%. | For a 1.00% total portfolio risk, you can invest 11.24% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LUG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:LUG (5/26/2025, 7:00:00 PM)
64.18
+0.55 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.86%
1 Week13.37%
2 Weeks-5.33%
1 Month10.39%
3 Month60.97%
6 Month97.11%
12 Month218.83%
2 Year273.14%
3 Year549.6%
5 Year415.5%
10 Year1541.43%
15 YearN/A
Volatility
ATR(14)3.86
ATR(20)%5.37%
ATR Inc-44.4%
Range Today1.55
ADR(20)2.61
ADR(20)%4.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.86
Mansfield7.74
10 Day High64.42
10 Day Low54.03
20 Day High67.8
20 Day Low52.23
52 Week High67.8
52 Week Low18.48
CS1 End59.44
CR1 StartN/A
Volume & EV
DER(3)2.38%
DER(5)1.86%
Volume174.32K
Volume Incr-0.05%
Vol(5)722.46K
Vol(50)631.13K