SNOW LAKE RESOURCES LTD (LITM) Stock Technical Analysis
NASDAQ:LITM - CA83336J2083 - Common Stock
4.16 USD
+0.28 (+7.22%)
4.1001 USD
-0.06 (-1.44%)
Overall LITM gets a technical rating of 2 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
72% of all other stocks performed better in the past year than LITM.
LITM is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 81% are performing better than LITM.
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 - 4.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LITM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.69, a Stop Loss order could be placed below this zone.
More info and screens
3.60
4.80
We found 1 important support area.
- A support zone ranging from 3.64 to 3.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @4.31 from a horizontal line in the daily time frame.
- Resistance @4.55 from a trend line in the daily time frame.
- A resistance zone ranging from 4.74 to 4.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 28.07 | NEGATIVE | LITM has a low relative strength, it was outperformed by 71.93% off all stocks 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) | 53.97 | NEUTRAL | The RSI value for LITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LITM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.83 | NEUTRAL | The Stochastics value for LITM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for LITM suggests high volalility. |
| Average Directional Index/ADX (14) | 11.23 | 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)
4.16
+0.28 (+7.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg7.22%
1 Week9.19%
2 Weeks-3.26%
1 Month13.97%
3 Month8.62%
6 Month-23.81%
12 Month-11.23%
2 Year-83.33%
3 Year-86.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%7.59%
ATR Inc21.14%
Range Today0.43
ADR(20)0.31
ADR(20)%7.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.07
Mansfield-3.06
10 Day High4.3
10 Day Low3.55
20 Day High4.39
20 Day Low3.49
52 Week High24.44
52 Week Low1.98
CS1 End3.69
CR1 Start4.31
Volume & EV
DER(3)1.2%
DER(5)0.2%
Volume1.40M
Volume Incr57.77%
Vol(5)458.92K
Vol(50)340.07K