Technical Analysis for LMG - Latrobe Magnesium Limited
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 200 DMA | Bullish | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Volume Surge | Other | 3.85% | |
| Wide Range Bar | Range Expansion | 3.85% | |
| Gapped Up | Strength | 3.85% | |
| Upper Bollinger Band Touch | Strength | 3.85% | |
| Gilligan's Island Sell Setup | Bearish Swing Setup | -6.90% |
| Alert | Time |
|---|---|
| Possible Inside Day | about 12 hours ago |
| Gap Up Partially Closed | about 15 hours ago |
| Upper Bollinger Band Resistance | about 15 hours ago |
| Gapped Up (Partial) | about 15 hours ago |
| Rose Above Upper Bollinger Band | about 15 hours ago |
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Latrobe Magnesium Limited Description
Latrobe Magnesium Limited is engaged in developing the Latrobe magnesium project. The Company is also involved in securing memorandum of understanding (MoU) with Japanese and the United States distributors for the sale of magnesium. The Company has a MoU with RWE Power AG to continue to develop a magnesium plant capable of producing approximately 30,000 tons per annum of magnesium from brown coal fly ash from its Hambach mine near Cologne, Germany. The Company's plant will be located in the Latrobe Valley in Victoria, Australia. The Company intends to harvest magnesium metal from industrial fly ash, which is a waste product of brown coal power generation. The Company intends to make a supplementary cementitious material (SCM) from the Latrobe Valley brown coal fly ash. The Company's plant will use an extraction process of combined hydromet/thermal reduction to extract the metal. The Company intends to sell the refined product to Australian, Japanese and American users.
Classification
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Chemistry Metal Coal Cement Concrete Waste Power Generation Chemical Substances Magnesium Fly Ash
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 0.075 |
| 52 Week Low | 0.041 |
| Average Volume | 880,235 |
| 200-Day Moving Average | 0.052 |
| 50-Day Moving Average | 0.051 |
| 20-Day Moving Average | 0.051 |
| 10-Day Moving Average | 0.051 |
| Average True Range | 0.004 |
| RSI (14) | 53.27 |
| ADX | 20.59 |
| +DI | 37.665 |
| -DI | 15.254 |
| Chandelier Exit (Long, 3 ATRs) | 0.059 |
| Chandelier Exit (Short, 3 ATRs) | 0.058 |
| Upper Bollinger Bands | 0.055 |
| Lower Bollinger Band | 0.046 |
| Percent B (%b) | 0.9 |
| BandWidth | 17.426 |
| MACD Line | 0.001 |
| MACD Signal Line | 0.000 |
| MACD Histogram | 0.0005 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 0.057 | ||||
| Resistance 3 (R3) | 0.057 | 0.056 | 0.057 | ||
| Resistance 2 (R2) | 0.056 | 0.055 | 0.056 | 0.056 | |
| Resistance 1 (R1) | 0.055 | 0.055 | 0.055 | 0.055 | 0.056 |
| Pivot Point | 0.054 | 0.054 | 0.054 | 0.054 | 0.054 |
| Support 1 (S1) | 0.053 | 0.053 | 0.053 | 0.053 | 0.052 |
| Support 2 (S2) | 0.052 | 0.053 | 0.052 | 0.052 | |
| Support 3 (S3) | 0.051 | 0.052 | 0.052 | ||
| Support 4 (S4) | 0.051 |
