LITHIUM AMERICAS CORP (LAC) Technical Analysis
NYSE:LAC • CA53681J1030
Current stock price
LAC Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to LAC. In the past year, LAC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month LAC has a been trading in the 3.80 - 5.30 range, which is quite wide. It is currently trading near the high of this range.
- LAC has an average volume of 8420130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that LAC is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- LAC is part of the Metals & Mining industry. There are 163 other stocks in this industry, LAC did better than 50% of them.
- 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.
- Volume is considerably higher in the last couple of days.
LAC Weekly and Daily overview Charts
LAC Setup Rating and Analysis
Although LAC has an excellent technical rating, the quality of the presented setup is not ideal 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
LAC Support and Resistance Analysis
2.84
3 important support areas can be observed.
- A support zone ranging from 4.59 to 4.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.90 to 3.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.87 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @4.93 from a horizontal line in the weekly time frame.
- Resistance @5.26 from a horizontal line in the daily time frame.
LAC 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 | NEUTRAL | NEUTRAL | The long term trend for LAC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LAC is up. |
| ChartMill Relative Strength | 86.15 | POSITIVE | LAC has a high relative strength, it outperformed 86.15% 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) | UP | POSITIVE | The current price of LAC is above the rising 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) | 57.13 | NEUTRAL | The RSI value for LAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests LAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.17 | NEUTRAL | The Stochastics value for LAC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.91 | HIGH VOLATILITY | The high ATR as a percentage value for LAC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for LAC suggests a possible start of a new trend. |
LAC Chart- and CandleStick Pattern Analysis
LAC Technicals: Chart, Performance Metrics, Trend & Indicators
4.92
-0.33 (-6.29%)
LITHIUM AMERICAS CORP / LAC TA FAQ
Can you provide the ChartMill technical rating for LITHIUM AMERICAS CORP?
ChartMill assigns a technical rating of 7 / 10 to LAC.
What is the trend direction for LAC stock?
The current trend direction for LITHIUM AMERICAS CORP (LAC) is Bearish.
What is the RSI signal for LITHIUM AMERICAS CORP (LAC) stock?
LITHIUM AMERICAS CORP (LAC) has an RSI value of 57.1274. This indicates that the stock is currently neutral.
What is the MACD signal for LITHIUM AMERICAS CORP (LAC) stock?
The MACD indicator for LITHIUM AMERICAS CORP (LAC) has a value of 0.0731318, indicating a bearish trend.
What is the support and resistance level for LAC stock?
LITHIUM AMERICAS CORP (LAC) has a support level at 4.63 and a resistance level at 4.93. Check the full technical report for our detailed analysis of LAC support and resistance levels.