SNOW LAKE RESOURCES LTD (LITM) Stock Technical Analysis
NASDAQ:LITM - Nasdaq - CA83336J2083 - Common Stock - Currency: USD
Overall LITM gets a technical rating of 3 out of 10. In the past year, LITM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
86% of all other stocks performed better in the past year than LITM.
LITM is one of the lesser performing stocks in the Metals & Mining industry. 84% of 157 stocks in the same industry do better.
LITM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month LITM has a been trading in the 3.48 - 5.38 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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, LITM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LITM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.55
4.74
We found 1 important support area.
- A support zone ranging from 3.59 to 3.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.19 to 4.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.69 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for LITM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LITM is neutral. |
| ChartMill Relative Strength | 14.73 | NEGATIVE | LITM has a low relative strength, it was outperformed by 85.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LITM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LITM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LITM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.39 | NEUTRAL | The RSI value for LITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests LITM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.73 | OVERSOLD | The low Stochastics value suggests LITM may be oversold. |
| Average True Range in percent/ATR (20) | 11.44 | HIGH VOLATILITY | The high ATR as a percentage value for LITM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.69 | NEUTRAL | The ADX value for LITM suggests a possible start of a new 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)
4.1
+0.41 (+11.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg11.11%
1 Week-7.45%
2 Weeks-2.84%
1 Month6.22%
3 Month6.77%
6 Month-59.88%
12 Month-32.18%
2 Year-83.57%
3 Year-86.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%11.44%
ATR Inc-23.02%
Range Today0.38
ADR(20)0.46
ADR(20)%11.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.73
Mansfield-3.13
10 Day High5.38
10 Day Low3.49
20 Day High5.38
20 Day Low3.49
52 Week High24.44
52 Week Low1.98
CS1 End3.68
CR1 Start4.19
Volume & EV
DER(3)7.82%
DER(5)-4.61%
Volume527.10K
Volume Incr-2.18%
Vol(5)393.64K
Vol(50)871.81K