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 1 out of 10 to LAC. 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.
When comparing the yearly performance of all stocks, LAC is a bad performer in the overall market: 77% of all stocks are doing better.
LAC is one of the lesser performing stocks in the Metals & Mining industry. 71% of 154 stocks in the same industry do better.
LAC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LAC is lagging the market.
In the last month LAC has a been trading in the 2.66 - 3.31 range, which is quite wide. It is currently trading near the lows of this range.
LAC has an average volume of 4250920 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!
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
2.27
3.20
When analyzing the support we can see 5 important areas.
- Support @2.73 from a horizontal line in the daily time frame.
- Support @2.64 from a trend line in the weekly time frame.
- Support @2.55 from a horizontal line in the weekly time frame.
- Support @2.38 from a trend line in the daily time frame.
- Support @2.29 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.90 to 2.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.12 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 | 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 | 23.46 | NEGATIVE | LAC has a low relative strength, it was outperformed by 76.54% 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) | UP | MIXED | The current price of LAC is below the rising 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) | 46.99 | NEUTRAL | The RSI value for LAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.52 | OVERSOLD | The low Stochastics value suggests LAC may be oversold. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for LAC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.94 | 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)
2.84
+0.01 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.35%
1 Week0.71%
2 Weeks-10.13%
1 Month-2.07%
3 Month-4.05%
6 Month-28.46%
12 Month-27.37%
2 Year-85.93%
3 Year-88.42%
5 Year-31.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%5.2%
ATR Inc-1.91%
Range Today0.09
ADR(20)0.14
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.46
Mansfield-0.6
10 Day High3.31
10 Day Low2.66
20 Day High3.31
20 Day Low2.66
52 Week High5.2
52 Week Low2.02
CS1 End2.73
CR1 Start2.9
Volume & EV
DER(3)1.88%
DER(5)0%
Volume4.72M
Volume Incr-8.69%
Vol(5)4.15M
Vol(50)4.25M