LI Technical Analysis - LI AUTO INC - ADR

Technical Rating and Analysis

Taking everything into account, LI scores 4 out of 10 in our technical rating. LI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month LI has a been trading in the 22.42 - 26.94 range, which is quite wide. It is currently trading near the high of this range.

LI has an average volume of 5724620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, LI outperforms 62% of them, which is more or less in line with the market.

LI is part of the Automobiles industry. There are 37 other stocks in this industry, LI did better than 69% of them.

LI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LI is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LI AUTO INC - ADR / LI Weekly stock chart

LI AUTO INC - ADR / LI Daily stock chart

Setup Rating and Analysis

LI 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.80

30.63

We found 1 important support area.

A support zone ranging from 23.03 to 23.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

Resistance @26.69 from a horizontal line in the daily time frame.
Resistance @30.33 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for LI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LI is up.
ChartMill Relative Strength	62.71	NEUTRAL	LI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of LI is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LI is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.16	NEUTRAL	The RSI value for LI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.42	POSITIVE	The MACD value suggests LI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	88.36	OVERBOUGHT	The high Stochastics value suggests LI may be overbought.
Average True Range in percent/ATR (20)	3.47	MEDIUM VOLATILITY	The ATR as a percentage value for LI suggests some volalility.
Average Directional Index/ADX (14)	20.15	NEUTRAL	The ADX value for LI suggests a possible start of a new trend.