Neo Lithium Corp (NLC.CA) Technical Analysis
TSX-V:NLC
Current stock price
NLC.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NLC. Both in the recent history as in the last year, NLC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NLC is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by NLC over the past year are nicely spread over this period.
- NLC is part of the Metals & Mining industry. There are 795 other stocks in this industry. NLC outperforms 81% of them.
- NLC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NLC has a been trading in a tight range between 6.27 and 6.50.
- Considerably lower volume is observed in the last couple of days.
NLC.CA Weekly and Daily overview Charts
NLC.CA Setup Rating and Analysis
Although NLC 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
NLC.CA Support and Resistance Analysis
4.04
We found 2 important support areas.
- A support zone ranging from 6.26 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.08 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.51 to 6.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
NLC.CA 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 | UP | POSITIVE | The long term trend for NLC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NLC.CA is up. |
| ChartMill Relative Strength | 92.71 | POSITIVE | NLC.CA has a high relative strength, it outperformed 92.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NLC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NLC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NLC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.53 | OVERBOUGHT | The high RSI value suggests NLC.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NLC.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.44 | OVERBOUGHT | The high Stochastics value suggests NLC.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.54 | LOW VOLATILITY | The low ATR as a percentage value for NLC.CA suggests low volalility. |
NLC.CA Chart- and CandleStick Pattern Analysis
NLC.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:NLC (1/31/2022, 7:00:00 PM)
6.5
+0.01 (+0.15%)
Neo Lithium Corp / NLC.CA TA FAQ
What is the ChartMill technical rating of Neo Lithium Corp (NLC.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to NLC.CA.
What is the trend direction for NLC stock?
The current trend direction for Neo Lithium Corp (NLC.CA) is Bullish.
Can you provide the RSI signal for Neo Lithium Corp?
Neo Lithium Corp (NLC.CA) has an RSI value of 70.5294. This indicates that the stock is currently overbought.
What is the short term momentum for NLC stock?
The short term momentum for Neo Lithium Corp (NLC.CA) is positive.
Can you provide the support and resistance levels for Neo Lithium Corp?
Neo Lithium Corp (NLC.CA) has a support level at 6.45 and a resistance level at 6.51. Check the full technical report for our detailed analysis of NLC.CA support and resistance levels.