Analysis from buy sell .com
Bullish Signals
Daily Research Report: Latin Resources
- Rises to Falls: In the last three months the number of rises outnumbered falls 19:14 or 1.4:1.
- In the last 16 trading sessions there has been a net rise of 21.43%; the stock has advanced six times and the biggest one day rise was 40% on May 31.
- The price soared 70.0% in the last month. This has been propped up by extraordinary volume of 4.7 times average for the month.
Thursday, June 30, 2016
Fig 3: Bullish Indicators and Rank in Market:
Note
Volatility
The stock traded between an intraday high of 1.90c and a two-day low of 1.70c, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 11.2% places the stock in the 1st quartile in the market meaning it is highly volatile.
Volume
There were 20,204,676 shares worth $A343,479 traded. The volume was 3.0 times average trading of 6.7 million shares.
Fig 4: Turnover Rate & Turnover Period
• It is at a discount of 29.2% to the 12-month high of 2.40c on 21 Jun, 2016. It is also at a premium of 466.7% to the 12-month low of 0.30c on 25 Feb, 2016.
Column 1 0 Description Value Rank In Market 1 Relative Strength 99 In Top 2% (6M) 2 Price/MAP200 1.74 In Top 3% 3 Price/MAP50 1.0 In Top Quartile
- In the Australian market of 1,456 stocks and 42 units traded today, the stock has a 6-month relative strength of 99 which means it is beating 99% of the market.
- The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1, 25 times suggesting further upside. The 50-day EMAP has increased to 1.52c. An increase is another bullish indicator.
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 0.02 minus the 26-day EMA of 0.02 is positive suggesting a bullish signal.
- The Price/MAP of 1.74 for LRS is higher than the Price/MAP for the All Ordinaries Index of 1.0.
- In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.
- The price to 200-day MAP ratio is 1.74, a bullish indicator. In the past 200 days this ratio has exceeded 1.74, nine times suggesting further upside. The 50-day MAP of 1.70c is higher than the 200-day MAP of 0.98c, another bullish indicator.
Undervaluation:
• The Q Ratio, defined by James Tobin as MCap divided by Total Assets, is 1.5. Compared with the rest of the market the stock is undervalued.
Other Bullish Signals:
Also, the following criteria set by Benjamin Graham:
• "Total debt less than tangible book value"; total debt of
AUD1.5 Million is less than tangible book value of AUD5 Million.
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.5¢ | $3.506M | 20.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170000 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 1113801 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 898331 | 0.165 |
26 | 1460255 | 0.160 |
22 | 1027199 | 0.155 |
47 | 2975655 | 0.150 |
15 | 1203293 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 1110854 | 12 |
0.180 | 1103673 | 12 |
0.185 | 957474 | 14 |
0.190 | 333132 | 11 |
0.195 | 524626 | 12 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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LRS (ASX) Chart |