Alpha Lithium Corporation (ALLI.CA) Stock Technical Analysis
TSX-V:ALLI - TSX Venture Exchange - CA02075X1033 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to ALLI. Although ALLI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
ALLI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALLI is lagging the market.
ALLI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ALLI is one of the better performing stocks in the Metals & Mining industry, it outperforms 87% of 805 stocks in the same industry.
Looking at the yearly performance, ALLI did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
The technical rating of ALLI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.73
1.32
We found 4 important support areas.
- A support zone ranging from 0.92 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.86 from a trend line in the weekly time frame.
- Support @0.83 from a trend line in the weekly time frame.
- Support @0.74 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.99 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.18 from a trend line in the weekly time frame.
- Resistance @1.31 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ALLI.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALLI.CA is down. |
| ChartMill Relative Strength | 94.42 | POSITIVE | ALLI.CA has a high relative strength, it outperformed 94.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALLI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALLI.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALLI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.76 | NEUTRAL | The RSI value for ALLI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALLI.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.82 | OVERSOLD | The low Stochastics value suggests ALLI.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for ALLI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for ALLI.CA suggests a possible start of a new trend. |
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)
TSX-V:ALLI (9/19/2022, 7:00:00 PM)
0.93
-0.01 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.06%
1 Week-6.06%
2 Weeks-18.42%
1 Month-19.83%
3 Month20.78%
6 Month-1.06%
12 Month25.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.24%
ATR Inc-13.58%
Range Today0.04
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
CRS94.42
Mansfield0.2
10 Day High1.14
10 Day Low0.92
20 Day High1.21
20 Day Low0.92
52 Week High1.69
52 Week Low0.63
CS1 End0.92
CR1 Start0.99
Volume & EV
DER(3)-9.79%
DER(5)-6.75%
Volume59.11K
Volume Incr-41.52%
Vol(5)92.96K
Vol(50)166.67K