Lion Electric Company (LEV.CA) Technical Analysis
TSX:LEV • CA5362211040
Current stock price
LEV.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to LEV. LEV'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than LEV.
- LEV is part of the Machinery industry. There are 21 other stocks in this industry, of which 95% are performing better than LEV.
- LEV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so LEV is lagging the market.
- In the last month LEV has a been trading in the 0.25 - 0.72 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- LEV has an average volume of 1098430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LEV.CA Weekly and Daily overview Charts
LEV.CA Setup Rating and Analysis
The technical rating of LEV 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
LEV.CA Support and Resistance Analysis
0.34
We can see 2 important resistance areas.
- Resistance @0.59 from a trend line in the daily time frame.
- Resistance @0.66 from a trend line in the daily time frame.
LEV.CA 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 | DOWN | NEGATIVE | The long term trend for LEV.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEV.CA is down. |
| ChartMill Relative Strength | 0.69 | NEGATIVE | LEV.CA has a low relative strength, it was outperformed by 99.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEV.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEV.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LEV.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.81 | NEUTRAL | The RSI value for LEV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LEV.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.36 | NEUTRAL | The Stochastics value for LEV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 25.65 | HIGH VOLATILITY | The high ATR as a percentage value for LEV.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 36.19 | POSITIVE | The high ADX value value for LEV.CA suggests a strong trend. |
LEV.CA Chart- and CandleStick Pattern Analysis
LEV.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:LEV (12/16/2024, 7:00:00 PM)
0.345
-0.13 (-27.37%)
Lion Electric Company / LEV.CA TA FAQ
What is the ChartMill technical rating of Lion Electric Company (LEV.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to LEV.CA.
Can you provide the trend direction for Lion Electric Company?
The current trend direction for Lion Electric Company (LEV.CA) is Bearish.
Can you provide the RSI signal for Lion Electric Company?
Lion Electric Company (LEV.CA) has an RSI value of 38.812. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Lion Electric Company?
The MACD indicator for Lion Electric Company (LEV.CA) has a value of 0.0182372, indicating a bearish trend.
What are the support and resistance levels for Lion Electric Company (LEV.CA) stock?
Lion Electric Company (LEV.CA) has a resistance level at 0.59. Check the full technical report for our detailed analysis of LEV.CA support and resistance levels.