We assign a technical rating of 2 out of 10 to LITM. Recently some decent action could be observed, but in the medium term time frame this is still negative. LITM was also a bad performer in the overall market in the last year.
The technical rating of LITM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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2.52
We found 3 important support areas.
- Support @3.28 from a horizontal line in the weekly time frame.
- Support @3.06 from a trend line in the daily time frame.
- Support @2.55 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @4.04 from a horizontal line in the daily time frame.
- Resistance @6.33 from a horizontal 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 | UP | POSITIVE | The short term trend for LITM is up. |
| ChartMill Relative Strength | 8.25 | NEGATIVE | LITM has a low relative strength, it was outperformed by 91.75% 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) | DOWN | MIXED | The current price of LITM is above 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) | 56.58 | NEUTRAL | The RSI value for LITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests LITM has a positive trend. |
| Stochastics (14,3) | 88.22 | OVERBOUGHT | The high Stochastics value suggests LITM may be overbought. |
| Average True Range in percent/ATR (20) | 9.39 | HIGH VOLATILITY | The high ATR as a percentage value for LITM suggests high volalility. |
| Average Directional Index/ADX (14) | 14.19 | NEGATIVE | The low ADX value for LITM suggests a weak or negative trend. |
3.76
-0.01 (-0.27%)
SNOW LAKE RESOURCES LTD / LITM FAQ
What is the technical rating for LITM stock?
ChartMill assigns a technical rating of 2 / 10 to LITM.
What is the current trend direction of SNOW LAKE RESOURCES LTD (LITM) stock?
The current trend direction for SNOW LAKE RESOURCES LTD (LITM) is Bearish.
What is the RSI signal for LITM stock?
SNOW LAKE RESOURCES LTD (LITM) has an RSI value of 56.578. This indicates that the stock is currently neutral.
What is the MACD signal for SNOW LAKE RESOURCES LTD (LITM) stock?
The MACD indicator for SNOW LAKE RESOURCES LTD (LITM) has a value of 0.0435239, indicating a bearish trend.
Can you provide the support and resistance levels for SNOW LAKE RESOURCES LTD?
SNOW LAKE RESOURCES LTD (LITM) has a support level at 3.28 and a resistance level at 4.04. Check the full technical report for our detailed analysis of LITM support and resistance levels.