GLOBAL X LITHIUM & BATTERY T (LIT) Stock Technical Analysis
USA - NYSEARCA:LIT - US37954Y8553 - ETF
Taking everything into account, LIT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, LIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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
4 important support areas can be observed.
- Support @56.60 from a trend line in the daily time frame.
- A support zone ranging from 53.91 to 53.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.02 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 | 89.22 | POSITIVE | LIT has a high relative strength, it outperformed 89.22% 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) | 65.83 | NEUTRAL | The RSI value for LIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests LIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.36 | NEUTRAL | The Stochastics value for LIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for LIT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.81 | POSITIVE | The high ADX value value for LIT suggests a strong trend. |
61.03
+2.79 (+4.79%)
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 10 / 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 65.8277. 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 positive.
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 56.6. Check the full technical report for our detailed analysis of LIT support and resistance levels.