SNOW LAKE RESOURCES LTD (LITM) Stock Technical Analysis
NASDAQ:LITM - Nasdaq - CA83336J2083 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to LITM. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, LITM is a bad performer in the overall market: 98% of all stocks are doing better.
LITM is one of the lesser performing stocks in the Metals & Mining industry. 95% of 154 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 3.12 - 4.52 range, which is quite wide. It is currently trading near the lows of this range.
LITM has an average volume of 2111390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
LITM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.43, 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
3.31
3.95
We found 2 important support areas.
- A support zone ranging from 3.40 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.34 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.77 from a horizontal line in the daily time frame.
- Resistance @3.91 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 | DOWN | NEGATIVE | The long term trend for LITM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LITM is down. |
| ChartMill Relative Strength | 2.08 | NEGATIVE | LITM has a low relative strength, it was outperformed by 97.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LITM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LITM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LITM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.39 | NEUTRAL | The RSI value for LITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests LITM has a positive trend. |
| Stochastics (14,3) | 28.91 | NEUTRAL | The Stochastics value for LITM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.85 | HIGH VOLATILITY | The high ATR as a percentage value for LITM suggests high volalility. |
| Average Directional Index/ADX (14) | 11.14 | NEGATIVE | The low ADX value for LITM suggests a weak or negative 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)
3.66
+0.25 (+7.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg7.33%
1 Week0.55%
2 Weeks2.23%
1 Month-1.08%
3 Month-58.94%
6 Month-23.33%
12 Month-61.2%
2 Year-87.6%
3 Year-88.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%10.85%
ATR Inc-7.72%
Range Today0.36
ADR(20)0.38
ADR(20)%10.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.08
Mansfield-4.28
10 Day High3.9
10 Day Low3.24
20 Day High4.52
20 Day Low3.12
52 Week High24.44
52 Week Low1.98
CS1 End3.43
CR1 Start3.77
Volume & EV
DER(3)8.43%
DER(5)1.35%
Volume401.40K
Volume Incr-73.29%
Vol(5)415.38K
Vol(50)2.11M