GLOBAL X LITHIUM & BATTERY T (LIT) Stock Technical Analysis
NYSEARCA:LIT - NYSE Arca - US37954Y8553 - ETF - Currency: USD
Overall LIT gets a technical rating of 8 out of 10. Although LIT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month LIT has a been trading in the 36.18 - 42.91 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, LIT turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
LIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LIT is lagging the market.
Volume is considerably higher in the last couple of days.
Although LIT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.66
47.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.01 to 38.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.15 to 36.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.01 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @42.51 from a horizontal line in the daily time frame.
- Resistance @44.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 46.00 to 46.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @47.16 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 | 68.57 | NEUTRAL | LIT is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of LIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.12 | OVERBOUGHT | The high RSI value suggests LIT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests LIT has a positive trend. |
| Stochastics (14,3) | 93.19 | OVERBOUGHT | The high Stochastics value suggests LIT may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for LIT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.04 | 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)
42.5
+0.35 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week4.81%
2 Weeks10.59%
1 Month17.27%
3 Month14.93%
6 Month2.43%
12 Month9%
2 Year-36.25%
3 Year-42.87%
5 Year18.35%
10 Year106.11%
15 Year27.47%
Volatility
ATR(14)0.95
ATR(20)%2.07%
ATR Inc7.58%
Range Today0.41
ADR(20)0.65
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.57
Mansfield-0.2
10 Day High42.91
10 Day Low38.77
20 Day High42.91
20 Day Low36.18
52 Week High49.12
52 Week Low31.44
CS1 End38.31
CR1 Start42.51
Volume & EV
DER(3)5.87%
DER(5)4.68%
Volume941.20K
Volume Incr97.92%
Vol(5)492.84K
Vol(50)233.28K