Largo Resources Stock Technical Analysis
| LGO Stock | CAD 2.23 0.11 5.19% |
As of the 10th of May, Largo Resources secures the Mean Deviation of 2.67, standard deviation of 3.53, and Risk Adjusted Performance of (0.02). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Largo Resources, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for thirteen technical drivers for Largo Resources, which can be compared to its peers in the industry. Please verify Largo Resources market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Largo Resources is priced some-what accurately, providing market reflects its recent price of 2.23 per share.
Largo Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Largo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to LargoLargo |
Largo Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Largo Resources Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Largo Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Largo Resources Trend Analysis
Use this graph to draw trend lines for Largo Resources. You can use it to identify possible trend reversals for Largo Resources as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Largo Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Largo Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Largo Resources applied against its price change over selected period. The best fit line has a slop of 0.0095 , which may suggest that Largo Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.38, which is the sum of squared deviations for the predicted Largo Resources price change compared to its average price change.About Largo Resources Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Largo Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Largo Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Largo Resources price pattern first instead of the macroeconomic environment surrounding Largo Resources. By analyzing Largo Resources's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Largo Resources's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Largo Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 9.47 | 4.71 | 4.22 | 3.26 | Days Of Inventory On Hand | 124.37 | 138.11 | 128.58 | 140.95 |
Largo Resources May 10, 2024 Technical Indicators
Most technical analysis of Largo help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Largo from various momentum indicators to cycle indicators. When you analyze Largo charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 2.67 | |||
| Coefficient Of Variation | (2,130) | |||
| Standard Deviation | 3.53 | |||
| Variance | 12.48 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 18.63 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 5.69 | |||
| Skewness | 0.736 | |||
| Kurtosis | 1.01 |
Largo Resources May 10, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Largo stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 4,978 | ||
| Daily Balance Of Power | 0.65 | ||
| Rate Of Daily Change | 1.05 | ||
| Day Median Price | 2.19 | ||
| Day Typical Price | 2.20 | ||
| Price Action Indicator | 0.10 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Largo Stock analysis
When running Largo Resources' price analysis, check to measure Largo Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Largo Resources is operating at the current time. Most of Largo Resources' value examination focuses on studying past and present price action to predict the probability of Largo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Largo Resources' price. Additionally, you may evaluate how the addition of Largo Resources to your portfolios can decrease your overall portfolio volatility.
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