LITHIUM AMERICAS CORP (LAC) Stock Technical Analysis
USA - NYSE:LAC - CA53681J1030 - Common Stock
Overall LAC gets a technical rating of 5 out of 10. In the last year, LAC was one of the better performers, but we do observe some doubts in the very recent evolution.
LAC has an average technical rating and it also does not offer a high 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.
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2.53
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.54 to 4.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.75 to 2.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.69 from a trend line in the weekly time frame.
- Support @2.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.11 to 5.12. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for LAC is down. |
| ChartMill Relative Strength | 91.28 | POSITIVE | LAC has a high relative strength, it outperformed 91.28% 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 | POSITIVE | The current price of LAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.61 | NEUTRAL | The RSI value for LAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests LAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.08 | OVERSOLD | The low Stochastics value suggests LAC may be oversold. |
| Average True Range in percent/ATR (20) | 9.76 | HIGH VOLATILITY | The high ATR as a percentage value for LAC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for LAC suggests a possible start of a new trend. |
4.6
-0.27 (-5.54%)
LITHIUM AMERICAS CORP / LAC FAQ
Can you provide the ChartMill technical rating for LITHIUM AMERICAS CORP?
ChartMill assigns a technical rating of 5 / 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 38.6075. This indicates that the stock is currently neutral.
What is the buy/sell signal for LITHIUM AMERICAS CORP (LAC) stock?
The buy/sell signal for LITHIUM AMERICAS CORP (LAC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for LITHIUM AMERICAS CORP (LAC) stock?
LITHIUM AMERICAS CORP (LAC) has a support level at 4.59 and a resistance level at 5.11. Check the full technical report for our detailed analysis of LAC support and resistance levels.