GLOBAL X LITHIUM & BATTERY T (LIT) Stock Technical Analysis
USA - NYSEARCA:LIT - US37954Y8553 - ETF
53.1 USD
+0.25 (+0.47%)
52.86 USD
-0.24 (-0.45%)
Taking everything into account, LIT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LIT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
LIT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month LIT has a been trading in the 46.00 - 53.31 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, LIT did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although LIT has an excellent technical rating, it does not present a decent entry opportunity 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
34.66
53.63
We found 4 important support areas.
- A support zone ranging from 48.79 to 50.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.88 to 46.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.90 from a trend line in the daily time frame.
- Support @35.01 from a horizontal line in the weekly time frame.
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 LIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LIT is up. |
| ChartMill Relative Strength | 86.03 | POSITIVE | LIT has a high relative strength, it outperformed 86.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.28 | OVERBOUGHT | The high RSI value suggests LIT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests LIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.86 | OVERBOUGHT | The high Stochastics value suggests LIT may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for LIT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.1 | POSITIVE | The high ADX value value for LIT suggests a strong 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)
53.1
+0.25 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.47%
1 Week2.39%
2 Weeks3.01%
1 Month14.17%
3 Month37.78%
6 Month34.87%
12 Month24.91%
2 Year-3.75%
3 Year-19.65%
5 Year32.58%
10 Year185.79%
15 Year42.82%
Volatility
ATR(14)1.24
ATR(20)%2.1%
ATR Inc-40.36%
Range Today0.76
ADR(20)0.68
ADR(20)%1.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.03
Mansfield1.35
10 Day High53.31
10 Day Low48.7
20 Day High53.31
20 Day Low46
52 Week High53.31
52 Week Low31.44
CS1 End50
CR1 StartN/A
Volume & EV
DER(3)-1.22%
DER(5)-0.01%
Volume227.79K
Volume Incr-14.85%
Vol(5)262.19K
Vol(50)356.29K