Leucrotta Exploration Inc (LXE.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:LXE - CA52728X2086 - Common Stock
We assign a technical rating of 10 out of 10 to LXE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LXE is showing a nice and steady performance.
Besides having an excellent technical rating, LXE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.97
When analyzing the support we notice one important area.
- A support zone ranging from 1.99 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.22 to 2.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 LXE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LXE.CA is up. |
| ChartMill Relative Strength | 98.77 | POSITIVE | LXE.CA has a high relative strength, it outperformed 98.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LXE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LXE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LXE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.05 | OVERBOUGHT | The high RSI value suggests LXE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LXE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.15 | NEUTRAL | The Stochastics value for LXE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for LXE.CA suggests some volalility. |
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 |
|---|---|---|---|
| 2.23 | 2.10 | 0.13 (5.83%) | 17.15% |
| An entry @2.23. This is a Buy Stop order right above the resistance zone. | An exit @2.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 5.83%. | For a 1.00% total portfolio risk, you can invest 17.15% of your capital in this trade. |
- 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-V:LXE (5/31/2022, 7:00:00 PM)
2.21
0 (0%)
Leucrotta Exploration Inc / LXE.CA FAQ
Can you provide the ChartMill technical rating for Leucrotta Exploration Inc?
ChartMill assigns a technical rating of 9 / 10 to LXE.CA.
What is the current trend direction of Leucrotta Exploration Inc (LXE.CA) stock?
The current trend direction for Leucrotta Exploration Inc (LXE.CA) is Bullish.
Can you provide the RSI signal for Leucrotta Exploration Inc?
Leucrotta Exploration Inc (LXE.CA) has an RSI value of 74.0532. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Leucrotta Exploration Inc?
The short term momentum for Leucrotta Exploration Inc (LXE.CA) is positive.
Can you provide the support and resistance levels for Leucrotta Exploration Inc?
Leucrotta Exploration Inc (LXE.CA) has a support level at 2 and a resistance level at 2.22. Check the full technical report for our detailed analysis of LXE.CA support and resistance levels.