LITHIUM AMERICAS CORP (LAC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:LAC • CA53681J1030
Overall LAC gets a technical rating of 2 out of 10. Although LAC 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.
- LAC is one of the lesser performing stocks in the Metals & Mining industry. 71% of 157 stocks in the same industry do better.
- In the last month LAC has a been trading in the 4.39 - 6.96 range, which is quite wide. It is currently trading near the lows of this range.
- LAC has an average volume of 15088300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, LAC did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- LAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LAC is lagging the market.
- Considerably lower volume is observed in the last couple of days.
The technical rating of LAC 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
2.53
5 important support areas can be observed.
- Support @4.65 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.46 to 4.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 4.35 to 4.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.79 from a trend line in the weekly time frame.
- Support @2.56 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.85 to 4.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.76 from a trend line in the daily time frame.
- Resistance @5.95 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for LAC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LAC is down. |
| ChartMill Relative Strength | 87.14 | POSITIVE | LAC has a high relative strength, it outperformed 87.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.2 | NEUTRAL | The RSI value for LAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests LAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.18 | OVERSOLD | The low Stochastics value suggests LAC may be oversold. |
| Average True Range in percent/ATR (20) | 10.38 | HIGH VOLATILITY | The high ATR as a percentage value for LAC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.52 | NEGATIVE | The low ADX value for LAC suggests a weak or negative trend. |
4.76
+0.02 (+0.42%)
LITHIUM AMERICAS CORP / LAC FAQ
Can you provide the ChartMill technical rating for LITHIUM AMERICAS CORP?
ChartMill assigns a technical rating of 2 / 10 to LAC.
What is the current trend direction of LITHIUM AMERICAS CORP (LAC) stock?
The current trend direction for LITHIUM AMERICAS CORP (LAC) is Bearish.
What is the RSI signal for LAC stock?
LITHIUM AMERICAS CORP (LAC) has an RSI value of 43.2008. This indicates that the stock is currently neutral.
What is the MACD signal for LAC stock?
The MACD indicator for LITHIUM AMERICAS CORP (LAC) has a value of -0.114741, indicating a bearish trend.
Can you provide the short term momentum for LITHIUM AMERICAS CORP?
The short term momentum for LITHIUM AMERICAS CORP (LAC) is negative.