Legato Merger Corp (LEGO) Stock Technical Analysis
NASDAQ:LEGO - Nasdaq -
We assign a technical rating of 7 out of 10 to LEGO. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, LEGO is a bad performer.
100% of all other stocks performed better in the past year than LEGO.
Both the short term and long term trends are positive. This is a very positive sign.
LEGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LEGO is lagging the market slightly.
In the last month LEGO has a been trading in the 10.41 - 11.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LEGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.07, a Stop Loss order could be placed below this zone.
More info and screens
9.53
11.88
3 important support areas can be observed.
- A support zone ranging from 10.85 to 11.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.47 to 10.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.63 to 9.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.76 to 11.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High11.93
10 Day Low10.42
20 Day High11.93
20 Day Low10.41
52 Week High11.93
52 Week Low9.54
Performance
1 Week3.21%
2 Weeks6.33%
1 Month7.66%
3 Month12.73%
6 Month15.27%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)55.66
LBB10.06
UBB11.7
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 |
|---|---|---|---|
| 11.77 | 10.84 | 0.93 (7.90%) | 12.66% |
| An entry @11.77. This is a Buy Stop order right above the resistance zone. | An exit @10.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.93 points, which is 7.90%. | When investing 12.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NASDAQ:LEGO (10/19/2021, 8:06:09 PM)
11.25
+0.12 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.08%
1 Week3.21%
2 Weeks6.33%
1 Month7.66%
3 Month12.73%
6 Month15.27%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%3.43%
ATR Inc68.16%
Range Today0.34
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
CRS0
Mansfield-30
10 Day High11.93
10 Day Low10.42
20 Day High11.93
20 Day Low10.41
52 Week High11.93
52 Week Low9.54
CS1 End11.07
CR1 Start11.76
Volume & EV
DER(3)1.11%
DER(5)-2.78%
Volume309.70K
Volume Incr44.58%
Vol(5)609.30K
Vol(50)459.87K