SNOW LAKE RESOURCES LTD (LITM)       2.3  -0.63 (-21.5%)

2.3  -0.63 (-21.5%)

CA83336J2083 - Common Stock - Premarket: 2.48 +0.18 (+7.83%)

Technical Rating

2

Overall LITM gets a technical rating of 2 out of 10. LITM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
84% of all other stocks performed better in the past year than LITM.
LITM is part of the Metals & Mining industry. There are 985 other stocks in this industry, of which 73% are performing better than LITM.
LITM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month LITM has a been trading in the 2.24 - 3.79 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -26.05% -19.01% -49.78% -63.02% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 16.63 1.515 - 10.5
LITM Weekly chart
LITM Daily chart

Support/Resistance Analysis


2.27

3.16
When analyzing the support we notice one important area.
  • A support zone ranging from 2.29 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 2.97 to 3.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 3.12 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

Setup Analysis

Setup Rating

0

The technical rating of LITM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


LITM Daily chart

SNOW LAKE RESOURCES LTD2.3

NASDAQ:LITM (12/8/2022, 7:00:02 PM)-0.63 (-21.5%)

Premarket: 2.48 +0.18 (+7.83%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today -21.5% 1 Week -23.84%
2 Weeks -30.51% 1 Month -26.04%
3 Month -19.01% 6 Month -49.78%
Volatility
ATR(14) 0.25 ATR(20)% 12.24%
ATR Inc 64.94% Range Today 0.66
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 16.63 Mansfield -4.15
10 Day High 3.4 10 Day Low 2.24
20 Day High 3.79 20 Day Low 2.24
52 Week High 10.5 52 Week Low 1.52
CS1 End 2.29 CR1 Start 2.97
Volume & EV
DER(3) -4.27% DER(5) -4.97%
Volume 881.90K Volume Incr -31.26%
Vol(5) 246.42K Vol(50) 864.08K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA