LARGO - Weekly - Technical analysis published on 02/19/2024 (GMT)
- 95
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 1.800 EUR and 2.310 EUR
My targets
-
My analysis
The short-term increase on LARGO remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 2.310 EUR. The first support is located at 1.800 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LARGO rating 2.180 EUR. The price registered a decrease of -3.97% over 5 days with the lowest point at 2.110 EUR and the highest point at 2.230 EUR. The deviation from the price is +3.32% for the low point and -2.24% for the high point.2.110
2.230
2.180
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of LARGO indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Weekly
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.530 | 2.180 | 2.310 | 6.700 | 8.930 |
| Change (%) | -29.82% | - | +5.96% | +207.34% | +309.63% |
| Change | -0.650 | - | +0.130 | +4.520 | +6.750 |
| Level | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.140 | 2.160 | 2.190 | 2.210 | 2.240 | 2.260 | 2.290 |
| Camarilla | 2.206 | 2.211 | 2.215 | 2.220 | 2.225 | 2.229 | 2.234 |
| Woodie | 2.145 | 2.163 | 2.195 | 2.213 | 2.245 | 2.263 | 2.295 |
| Fibonacci | 2.160 | 2.179 | 2.191 | 2.210 | 2.229 | 2.241 | 2.260 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.917 | 2.013 | 2.117 | 2.213 | 2.317 | 2.413 | 2.517 |
| Camarilla | 2.165 | 2.183 | 2.202 | 2.220 | 2.238 | 2.257 | 2.275 |
| Woodie | 1.920 | 2.015 | 2.120 | 2.215 | 2.320 | 2.415 | 2.520 |
| Fibonacci | 2.013 | 2.090 | 2.137 | 2.213 | 2.290 | 2.337 | 2.413 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.070 | 1.370 | 1.800 | 2.100 | 2.530 | 2.830 | 3.260 |
| Camarilla | 2.029 | 2.096 | 2.163 | 2.230 | 2.297 | 2.364 | 2.431 |
| Woodie | 1.135 | 1.403 | 1.865 | 2.133 | 2.595 | 2.863 | 3.325 |
| Fibonacci | 1.370 | 1.649 | 1.821 | 2.100 | 2.379 | 2.551 | 2.830 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.37 | |
| MACD (12,26,9): | 0.1030 | |
| Directional Movement: | 7.667 | |
| AROON (14): | 42.858 | |
| DEMA (21): | 2.099 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.667 | |
| Elder Ray (13): | 0.120 | |
| Super Trend (3,10): | 1.553 | |
| Zig ZAG (10): | 2.180 | |
| VORTEX (21): | 1.1450 | |
| Stochastique (14,3,5): | 80.68 | |
| TEMA (21): | 2.296 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.360 | |
| Repulse (5,40,3): | 3.4590 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5750 | |
| Courbe Coppock: | 45.48 |
| MA7: | 2.220 | |
| MA20: | 2.239 | |
| MA50: | 2.008 | |
| MA100: | 1.867 | |
| MAexp7: | 2.152 | |
| MAexp20: | 1.992 | |
| MAexp50: | 2.242 | |
| MAexp100: | 3.849 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | -2.64% | |
| Price / MA50: | +8.57% | |
| Price / MA100: | +16.76% | |
| Price / MAexp7: | +1.30% | |
| Price / MAexp20: | +9.44% | |
| Price / MAexp50: | -2.77% | |
| Price / MAexp100: | -43.36% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on LARGO. At the time of publication of this analysis, the latest news was as follows:
- LARGO Recruits a Production Manager and Is Optimising Its Industrial Tool
- Largo’s CSR Commitment Rewarded by the Granting of the Lucie Label
- LARGO Signs a Strategic Marketing Agreement With WELCOM’, the Multi-operator Mobile Brand
- Largo Is Strengthening Its Distribution Strategy With the Deployment of a Single Brand and the Launch of Its Largo.fr e-commerce Site
- Largo Resources to Release Second Quarter 2021 Financial Results on August 10, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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