SNOW LAKE RESOURCES LTD (LITM) Stock Technical Analysis
USA - NASDAQ:LITM - CA83336J3073 - Common Stock
4.14 USD
+0.22 (+5.61%)
4.1297 USD
-0.01 (-0.25%)
We assign a technical rating of 4 out of 10 to LITM. In the past year, LITM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
LITM is one of the lesser performing stocks in the Metals & Mining industry. 71% of 156 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, LITM outperforms 61% of them, which is more or less in line with the market.
In the last month LITM has a been trading in the 3.62 - 4.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, LITM does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.75, 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
3.60
4.80
We found 2 important support areas.
- A support zone ranging from 3.74 to 3.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.64 to 3.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @4.24 from a trend line in the daily time frame.
- Resistance @4.31 from a horizontal line in the daily time frame.
- Resistance @4.57 from a trend line in the daily time frame.
- Resistance @4.75 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 | NEUTRAL | NEUTRAL | The long term trend for LITM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LITM is neutral. |
| ChartMill Relative Strength | 61.82 | NEUTRAL | LITM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LITM is above 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) | 54.19 | NEUTRAL | The RSI value for LITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LITM has a positive trend. |
| Stochastics (14,3) | 26.97 | NEUTRAL | The Stochastics value for LITM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.73 | HIGH VOLATILITY | The high ATR as a percentage value for LITM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.88 | 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)
4.14
+0.22 (+5.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.61%
1 Week6.43%
2 Weeks10.11%
1 Month13.42%
3 Month19.31%
6 Month-53.56%
12 Month0.65%
2 Year-75.87%
3 Year-81.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%7.73%
ATR Inc10.83%
Range Today0.42
ADR(20)0.31
ADR(20)%7.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.82
Mansfield-3.18
10 Day High4.82
10 Day Low3.66
20 Day High4.82
20 Day Low3.62
52 Week High24.44
52 Week Low1.98
CS1 End3.75
CR1 Start4.24
Volume & EV
DER(3)3.81%
DER(5)6.8%
Volume1.01M
Volume Incr1617.11%
Vol(5)4.43M
Vol(50)739.34K