Alpha Lithium Corporation (ALLI.CA) Technical Analysis
TSX-V:ALLI • CA02075X1033
Current stock price
ALLI.CA Technical Rating and Analysis
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 part of the Metals & Mining industry. There are 822 other stocks in this industry. ALLI outperforms 85% of them.
- 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.
ALLI.CA Weekly and Daily overview Charts
ALLI.CA Setup Rating and Analysis
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
ALLI.CA Support and Resistance Analysis
0.73
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.
3 important resistance areas can be observed.
- 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.
ALLI.CA Technical Indicator Signal Analysis
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. |
ALLI.CA Chart- and CandleStick Pattern Analysis
ALLI.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:ALLI (9/19/2022, 7:00:00 PM)
0.93
-0.01 (-1.06%)
Alpha Lithium Corporation / ALLI.CA TA FAQ
Can you provide the ChartMill technical rating for Alpha Lithium Corporation?
ChartMill assigns a technical rating of 2 / 10 to ALLI.CA.
What is the current trend direction of Alpha Lithium Corporation (ALLI.CA) stock?
The current trend direction for Alpha Lithium Corporation (ALLI.CA) is Bearish.
Can you provide the RSI signal for Alpha Lithium Corporation?
Alpha Lithium Corporation (ALLI.CA) has an RSI value of 37.7639. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Alpha Lithium Corporation?
The MACD indicator for Alpha Lithium Corporation (ALLI.CA) has a value of -0.0241398, indicating a bearish trend.
Can you provide the buy/sell signal for Alpha Lithium Corporation?
The buy/sell signal for Alpha Lithium Corporation (ALLI.CA) is sell as both the short term and long term trends are negative.