LITHIUM ARGENTINA AG (LAR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LAR - CH1403212751 - Common Stock
We assign a technical rating of 7 out of 10 to LAR. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, LAR is a bad performer.
- 100% of all other stocks performed better in the past year than LAR.
- LAR is one of the lesser performing stocks in the Metals & Mining industry. 91% of 154 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- LAR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month LAR has a been trading in the 5.25 - 8.73 range, which is quite wide. It is currently trading near the high of this range.
- LAR has an average volume of 3639490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although LAR has an excellent technical rating, it 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.
More info and screens
4.71
We found 3 important support areas.
- Support @5.48 from a trend line in the daily time frame.
- Support @4.92 from a trend line in the weekly time frame.
- Support @4.76 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.09 to 8.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.57 to 8.59. 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 | UP | POSITIVE | The long term trend for LAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LAR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | LAR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.55 | OVERBOUGHT | The high RSI value suggests LAR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests LAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.8 | OVERBOUGHT | The high Stochastics value suggests LAR may be overbought. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for LAR suggests high volalility. |
| Average Directional Index/ADX (14) | 48.36 | POSITIVE | The high ADX value value for LAR suggests a strong trend. |
7.97
-0.61 (-7.11%)
LITHIUM ARGENTINA AG / LAR FAQ
What is the technical rating for LAR stock?
ChartMill assigns a technical rating of 7 / 10 to LAR.
Can you provide the trend direction for LITHIUM ARGENTINA AG?
The current trend direction for LITHIUM ARGENTINA AG (LAR) is Bullish.
Can you provide the RSI signal for LITHIUM ARGENTINA AG?
LITHIUM ARGENTINA AG (LAR) has an RSI value of 81.55. This indicates that the stock is currently overbought.
What is the short term momentum for LITHIUM ARGENTINA AG (LAR) stock?
The short term momentum for LITHIUM ARGENTINA AG (LAR) is positive.
What is the buy/sell signal for LITHIUM ARGENTINA AG (LAR) stock?
The buy/sell signal for LITHIUM ARGENTINA AG (LAR) is buy as both the short term and long term trends are positive.