LIFEZONE METALS LTD (LZM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:LZM • IM00BLCY1J27
Overall LZM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LZM is only an average performer.
- LZM is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 79% are performing better than LZM.
- Both the short term and long term trends are positive. This is a very positive sign.
- LZM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LZM is lagging the market slightly.
- Looking at the yearly performance, LZM did better than 71% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month LZM has a been trading in the 4.42 - 6.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although LZM has an excellent technical rating, the quality of the presented setup is not ideal 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
3.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.28 to 5.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.08 from a trend line in the weekly time frame.
- Support @3.79 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.97 to 5.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.10 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 | UP | POSITIVE | The long term trend for LZM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LZM is up. |
| ChartMill Relative Strength | 71.95 | POSITIVE | LZM has a high relative strength, it outperformed 71.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LZM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LZM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LZM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.24 | NEUTRAL | The RSI value for LZM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests LZM has a negative trend. |
| Stochastics (14,3) | 30.25 | NEUTRAL | The Stochastics value for LZM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for LZM suggests high volalility. |
| Average Directional Index/ADX (14) | 40.43 | POSITIVE | The high ADX value value for LZM suggests a strong trend. |
5.29
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LIFEZONE METALS LTD / LZM FAQ
What is the technical rating for LZM stock?
ChartMill assigns a technical rating of 8 / 10 to LZM.
What is the trend direction for LZM stock?
The current trend direction for LIFEZONE METALS LTD (LZM) is Bullish.
What is the RSI signal for LIFEZONE METALS LTD (LZM) stock?
LIFEZONE METALS LTD (LZM) has an RSI value of 51.242. This indicates that the stock is currently neutral.
What is the MACD signal for LIFEZONE METALS LTD (LZM) stock?
The MACD indicator for LIFEZONE METALS LTD (LZM) has a value of -0.0795848, indicating a bearish trend.
What is the short term momentum for LZM stock?
The short term momentum for LIFEZONE METALS LTD (LZM) is positive.