Neo Lithium Corp (NLC.CA) Stock Technical Analysis
Canada - TSX-V:NLC - Common Stock
6.5
+0.01 (+0.15%)
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 one of the better performing stocks in the Metals & Mining industry, it outperforms 80% of 810 stocks in the same industry.
A new 52 week high is currently being made by NLC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
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 has an excellent technical rating, but the quality of the setup is only medium 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
4.04
6.58
When analyzing the support we can see 2 important 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.
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. |
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)
TSX-V:NLC (1/31/2022, 7:00:00 PM)
6.5
+0.01 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.15%
1 Week0.93%
2 Weeks1.25%
1 Month2.85%
3 Month0.93%
6 Month67.1%
12 Month107.01%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.54%
ATR Inc-69.23%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.71
Mansfield4.72
10 Day High6.5
10 Day Low6.39
20 Day High6.5
20 Day Low6.27
52 Week High6.5
52 Week Low1.92
CS1 End6.45
CR1 Start6.51
Volume & EV
DER(3)-1.23%
DER(5)-2.23%
Volume88.22K
Volume Incr-55.26%
Vol(5)165.68K
Vol(50)403.31K