We assign a technical rating of 8 out of 10 to LIT. In the last year, LIT was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
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34.66
We found 2 important support areas.
- Support @53.91 from a horizontal line in the daily time frame.
- Support @35.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.74 to 63.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 LIT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LIT is neutral. |
| ChartMill Relative Strength | 91.29 | POSITIVE | LIT has a high relative strength, it outperformed 91.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LIT is below a declining 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) | 48.72 | NEUTRAL | The RSI value for LIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests LIT has a negative trend. |
| Stochastics (14,3) | 40.29 | NEUTRAL | The Stochastics value for LIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for LIT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.71 | NEUTRAL | The ADX value for LIT suggests a possible start of a new trend. |
60.29
-1.03 (-1.68%)
GLOBAL X LITHIUM & BATTERY T / LIT FAQ
What is the ChartMill technical rating of GLOBAL X LITHIUM & BATTERY T (LIT) stock?
ChartMill assigns a technical rating of 8 / 10 to LIT.
What is the trend direction for LIT stock?
The current trend direction for GLOBAL X LITHIUM & BATTERY T (LIT) is Bullish.
Can you provide the RSI signal for GLOBAL X LITHIUM & BATTERY T?
GLOBAL X LITHIUM & BATTERY T (LIT) has an RSI value of 48.7237. This indicates that the stock is currently neutral.
What is the short term momentum for GLOBAL X LITHIUM & BATTERY T (LIT) stock?
The short term momentum for GLOBAL X LITHIUM & BATTERY T (LIT) is neutral.
Can you provide the support and resistance levels for GLOBAL X LITHIUM & BATTERY T?
GLOBAL X LITHIUM & BATTERY T (LIT) has a support level at 53.91 and a resistance level at 61.74. Check the full technical report for our detailed analysis of LIT support and resistance levels.