I found this on a German site and translated it to English using good old Google Translate.
Latrobe Magnesium share: It can go on like this!
01/22/22 13:50
stock news
On January 21, 2022, 11:29 a.m., Latrobe Magnesium has a price of 0.13 AUD on disallowed. The company is listed under "Diversified Metals & Mining".
Our analysts rated Latrobe Magnesium based on 4 criteria. Each criterion defines a "buy", "hold" or "sell" assessment. The overall assessment results from the individual results of this analysis.
1. Relative Strength Index: In order to assess whether a security is currently "overbought" or "oversold", the upward and downward movements can be compared over time. This provides the so-called Relative Strength Index (RSI), an indicator from technical analysis which is often used in the financial market. We now rate Latrobe Magnesium using the shorter-term RSI of the last 7 days and the slightly longer-term RSI on a 25-day basis. First the 7-day RSI, which is currently at 25 points, which means that Latrobe Magnesium stock is oversold. As a result, it receives a "buy" rating. Now for the RSI25, the RSI25 sits at 40.6 which means Latrobe Magnesium is neither overbought nor oversold here, unlike the RSI7. The security is therefore classified differently as "Hold". This gives Latrobe Magnesium a "Buy" rating for this point of our analysis.
2. Technical Analysis: Over the last 200 trading days, the Latrobe Magnesium share averages a closing price of $0.04. The closing price on the last trading day was AUD 0.13 (+225 percent difference) and we therefore assign a "Buy" rating from a technical point of view. In addition to the 200-day moving average, the 50-day moving average is also often analyzed as part of the chart technique. Also for this value (0.1 AUD), the last closing price is above the moving average (+30 percent), so the Latrobe Magnesium share receives a "buy" rating for this too. Latrobe Magnesium thus receives an overall "buy" rating for the simple chart technique.
3. Investors: Investor sentiment is based on discussions and interactions by market participants on social media related to the stock market. Latrobe Magnesium has been neutrally discussed for the past two weeks. No significant directional deflections in communication could be identified. Currently, during the past day or two, it is mainly positive topics that investors are interested in. Based on this mood picture, the stock gets a "hold" rating today. This gives Latrobe Magnesium an overall "Hold" rating based on the Investor Sentiment Barometer.
Regards
Ken
