SNOW LAKE RESOURCES LTD (LITM) Technical Analysis
NASDAQ:LITM • CA83336J3073
Current stock price
LITM Technical Rating and Analysis
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.
- 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.
- 93% of all other stocks performed better in the past year than LITM.
- LITM is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 87% are performing better than LITM.
- LITM is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so LITM is lagging the market.
- In the last month LITM has a been trading in the 2.23 - 3.31 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
LITM Weekly and Daily overview Charts
LITM Setup Rating and Analysis
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.
More info and screens
LITM Support and Resistance Analysis
2.37
When analyzing the resistance we notice 2 important areas.
- Resistance @3.03 from a trend line in the daily time frame.
- Resistance @3.14 from a horizontal line in the daily time frame.
LITM Technical Indicator Signal Analysis
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 | 7.04 | NEGATIVE | LITM has a low relative strength, it was outperformed by 92.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LITM is below 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) | 34.32 | NEUTRAL | The RSI value for LITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests LITM has a negative trend. |
| Stochastics (14,3) | 39.69 | NEUTRAL | The Stochastics value for LITM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.82 | HIGH VOLATILITY | The high ATR as a percentage value for LITM suggests high volalility. |
| Average Directional Index/ADX (14) | 10.46 | NEGATIVE | The low ADX value for LITM suggests a weak or negative trend. |
LITM Chart- and CandleStick Pattern Analysis
LITM Technicals: Chart, Performance Metrics, Trend & Indicators
2.39
-0.49 (-17.01%)
SNOW LAKE RESOURCES LTD / LITM TA FAQ
What is the technical rating for LITM stock?
ChartMill assigns a technical rating of 0 / 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 34.318. 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 -0.023716, indicating a bearish trend.
Can you provide the support and resistance levels for SNOW LAKE RESOURCES LTD?
SNOW LAKE RESOURCES LTD (LITM) has a resistance level at 3.03. Check the full technical report for our detailed analysis of LITM support and resistance levels.