PIEDMONT LITHIUM INC (PLL) Technical Analysis
NASDAQ:PLL • US72016P1057
Current stock price
PLL Technical Rating and Analysis
Taking everything into account, PLL scores 5 out of 10 in our technical rating. PLL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- PLL is one of the lesser performing stocks in the Metals & Mining industry. 76% of 157 stocks in the same industry do better.
- PLL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLL is lagging the market.
- In the last month PLL has a been trading in the 7.02 - 10.61 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, PLL turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
PLL Weekly and Daily overview Charts
PLL Setup Rating and Analysis
PLL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
PLL Support and Resistance Analysis
5.72
2 important support areas can be observed.
- A support zone ranging from 7.24 to 7.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.78 to 5.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @10.03 from a trend line in the daily time frame.
PLL 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 | NEUTRAL | NEUTRAL | The long term trend for PLL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLL is neutral. |
| ChartMill Relative Strength | 42.28 | NEUTRAL | PLL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PLL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.91 | NEUTRAL | The RSI value for PLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests PLL has a negative trend. |
| Stochastics (14,3) | 7.01 | OVERSOLD | The low Stochastics value suggests PLL may be oversold. |
| Average True Range in percent/ATR (20) | 9.08 | HIGH VOLATILITY | The high ATR as a percentage value for PLL suggests high volalility. |
| Average Directional Index/ADX (14) | 29.25 | POSITIVE | The high ADX value value for PLL suggests a strong trend. |
PLL Chart- and CandleStick Pattern Analysis
PLL Technicals: Chart, Performance Metrics, Trend & Indicators
7.25
-0.71 (-8.92%)
PIEDMONT LITHIUM INC / PLL TA FAQ
Can you provide the ChartMill technical rating for PIEDMONT LITHIUM INC?
ChartMill assigns a technical rating of 5 / 10 to PLL.
What is the current trend direction of PIEDMONT LITHIUM INC (PLL) stock?
The current trend direction for PIEDMONT LITHIUM INC (PLL) is Bearish.
What is the RSI signal for PLL stock?
PIEDMONT LITHIUM INC (PLL) has an RSI value of 36.9082. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PIEDMONT LITHIUM INC?
PIEDMONT LITHIUM INC (PLL) has a support level at 7.24 and a resistance level at 10.03. Check the full technical report for our detailed analysis of PLL support and resistance levels.