Technical Analysis for LMG - Latrobe Magnesium Limited  

Grade Last Price % Change Price Change
D 0.050 -1.96% -0.001
LMG closed unchanged on Thursday, April 18, 2024, on 38 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction -1.96%
Narrow Range Bar Range Contraction -1.96%
20 DMA Support Bullish -1.96%
Narrow Range Bar Range Contraction -1.96%
Doji - Bullish? Reversal -1.96%
200 DMA Resistance Bearish -1.96%
Fell Below 50 DMA Bearish -1.96%
Upper Bollinger Band Touch Strength -1.96%
Fell Below 200 DMA Bearish -3.85%
50 DMA Support Bullish -3.85%

   Recent Intraday Alerts

Alert Time
Fell Below Previous Day's Low 44 minutes ago
Down 1% 44 minutes ago
Fell Below 20 DMA 44 minutes ago
Down 1% about 20 hours ago
Fell Below 20 DMA about 20 hours ago

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Profile

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

Is LMG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.075
52 Week Low 0.041
Average Volume 705,940
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 0.002
RSI (14) 50.00
ADX 15.5
+DI 18.239
-DI 12.893
Chandelier Exit (Long, 3 ATRs) 0.048
Chandelier Exit (Short, 3 ATRs) 0.055
Upper Bollinger Bands 0.054
Lower Bollinger Band 0.048
Percent B (%b) 0.52
BandWidth 11.002
MACD Line 0.000
MACD Signal Line 0.000
MACD Histogram 0.0001
Fundamentals Value
Market Cap 66.12 Million
Num Shares 1.3 Billion
EPS 0.01
Price-to-Earnings (P/E) Ratio 10.20
Price-to-Sales 0.00
Price-to-Book 6.38
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.051
Resistance 3 (R3) 0.051 0.051 0.051
Resistance 2 (R2) 0.051 0.051 0.051 0.051
Resistance 1 (R1) 0.051 0.051 0.051 0.051 0.051
Pivot Point 0.051 0.051 0.051 0.051 0.051
Support 1 (S1) 0.051 0.051 0.051 0.051 0.051
Support 2 (S2) 0.051 0.051 0.051 0.051
Support 3 (S3) 0.051 0.051 0.051
Support 4 (S4) 0.051