LITHIUM AMERICAS CORP (LAC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LAC - CA53681J1030 - Common Stock
Taking everything into account, LAC scores 6 out of 10 in our technical rating. In the last year, LAC was one of the better performers, but we do observe some doubts in the very recent evolution.
LAC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.32, a Stop Loss order could be placed below this zone.
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2.53
When analyzing the support we can see 6 important areas.
- A support zone ranging from 5.16 to 5.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.97 to 5.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.84 from a trend line in the weekly time frame.
- A support zone ranging from 2.79 to 2.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.71 from a trend line in the weekly time frame.
- Support @2.56 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.64 to 5.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for LAC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LAC is neutral. |
| ChartMill Relative Strength | 95.2 | POSITIVE | LAC has a high relative strength, it outperformed 95.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LAC is above the rising 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) | 50.36 | NEUTRAL | The RSI value for LAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests LAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.56 | NEUTRAL | The Stochastics value for LAC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for LAC suggests high volalility. |
| Average Directional Index/ADX (14) | 12.7 | NEGATIVE | The low ADX value for LAC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.65 | 5.15 | 0.50 (8.85%) | 11.30% |
| An entry @5.65. This is a Buy Stop order right above the resistance zone. | An exit @5.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 8.85%. | When investing 11.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of LAC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.33
-0.11 (-2.02%)
LITHIUM AMERICAS CORP / LAC FAQ
Can you provide the ChartMill technical rating for LITHIUM AMERICAS CORP?
ChartMill assigns a technical rating of 6 / 10 to LAC.
Can you provide the trend direction for LITHIUM AMERICAS CORP?
The current trend direction for LITHIUM AMERICAS CORP (LAC) is Bullish.
What is the RSI signal for LAC stock?
LITHIUM AMERICAS CORP (LAC) has an RSI value of 50.3552. This indicates that the stock is currently neutral.
What are the support and resistance levels for LITHIUM AMERICAS CORP (LAC) stock?
LITHIUM AMERICAS CORP (LAC) has a support level at 5.32 and a resistance level at 5.64. Check the full technical report for our detailed analysis of LAC support and resistance levels.