LITHIUM AMERICAS CORP (LAC)       25.31  +0.11 (+0.44%)

25.31  +0.11 (+0.44%)

CA53680Q2071 - Common Stock - After market: 25.31 0 (0%)

Technical Rating

1

Taking everything into account, LAC scores 1 out of 10 in our technical rating. LAC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



LAC has an average volume of 2136120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LAC is part of the Metals & Mining industry. There are 985 other stocks in this industry, LAC did better than 53% of them.
In the last month LAC has a been trading in the 23.13 - 29.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, LAC is a bad performer in the overall market: 66% of all stocks are doing better.
LAC is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 1.57% -7.59% 3.14% -19.37% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 34.38 18.89 - 40.39
LAC Weekly chart
LAC Daily chart

Support/Resistance Analysis


20.39

32.35
We found 3 important support areas.
  • A support zone ranging from 23.31 to 23.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 22.17 to 22.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @20.60 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 25.45 to 25.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 27.85 to 28.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @32.03 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

5

Although the technical rating is bad, LAC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 23.39, a Stop Loss order could be placed below this zone.


LAC Daily chart

LITHIUM AMERICAS CORP25.31

NYSE:LAC (12/2/2022, 7:04:00 PM)+0.11 (+0.44%)

After market: 25.31 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today 0.44% 1 Week 3.14%
2 Weeks 0.8% 1 Month 1.57%
3 Month -7.59% 6 Month 3.14%
Volatility
ATR(14) 1.18 ATR(20)% 5.26%
ATR Inc -23.75% Range Today 0.91
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 34.38 Mansfield -0.33
10 Day High 26.44 10 Day Low 23.13
20 Day High 29.48 20 Day Low 23.13
52 Week High 40.39 52 Week Low 18.89
CS1 End 23.39 CR1 Start 25.45
Volume & EV
DER(3) 0.12% DER(5) -1.33%
Volume 1.49M Volume Incr -13.11%
Vol(5) 1.74M Vol(50) 2.14M

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