LITHIUM AMERICAS CORP (LAC) Stock Technical Analysis
NYSE:LAC - New York Stock Exchange, Inc. - CA53681J1030 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to LAC. LAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
LAC is one of the lesser performing stocks in the Metals & Mining industry. 70% of 155 stocks in the same industry do better.
LAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month LAC has a been trading in the 2.47 - 2.91 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
LAC has an average volume of 4761480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LAC turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LAC has a poor technical rating and the quality of the setup is also only medium 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
2.49
3.20
2 important support areas can be observed.
- A support zone ranging from 2.77 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.52 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.97 to 2.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.10 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.17 to 3.17. 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 | DOWN | NEGATIVE | The long term trend for LAC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LAC is neutral. |
| ChartMill Relative Strength | 42.95 | NEUTRAL | LAC is not amongst the best or worst performers 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 | MIXED | The current price of LAC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LAC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.82 | NEUTRAL | The RSI value for LAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LAC has a positive trend. |
| Stochastics (14,3) | 74.72 | NEUTRAL | The Stochastics value for LAC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for LAC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.2 | NEGATIVE | The low ADX value for LAC suggests a weak or negative 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)
2.85
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week7.14%
2 Weeks2.89%
1 Month3.26%
3 Month5.56%
6 Month-9.24%
12 Month3.26%
2 Year-85.88%
3 Year-88.78%
5 Year-53.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%4.17%
ATR Inc60.2%
Range Today0.1
ADR(20)0.12
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.95
Mansfield-1.04
10 Day High2.91
10 Day Low2.54
20 Day High2.91
20 Day Low2.47
52 Week High5.2
52 Week Low2.02
CS1 End2.83
CR1 Start2.97
Volume & EV
DER(3)0.33%
DER(5)2%
Volume6.86M
Volume Incr75.2%
Vol(5)7.68M
Vol(50)4.76M