PIEDMONT LITHIUM INC (PLL) Stock Technical Analysis
NASDAQ:PLL - Nasdaq - US72016P1057 - Common Stock - Currency: USD
Taking everything into account, PLL scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PLL was also a bad performer in the overall market in the last year.
89% of all other stocks performed better in the past year than PLL.
PLL is one of the lesser performing stocks in the Metals & Mining industry. 84% of 154 stocks in the same industry do better.
PLL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PLL has a been trading in the 5.47 - 7.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of PLL 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
5.57
8.27
When analyzing the support we can see 2 important areas.
- Support @5.78 from a horizontal line in the weekly time frame.
- Support @5.63 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @7.26 from a horizontal line in the daily time frame.
- Resistance @8.19 from a trend 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 | DOWN | NEGATIVE | The long term trend for PLL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLL is up. |
| ChartMill Relative Strength | 11.33 | NEGATIVE | PLL has a low relative strength, it was outperformed by 88.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PLL is above a declining 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) | 59.76 | NEUTRAL | The RSI value for PLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests PLL has a positive trend. |
| Stochastics (14,3) | 77.42 | NEUTRAL | The Stochastics value for PLL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for PLL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.66 | POSITIVE | The high ADX value value for PLL suggests a strong trend. |
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)
6.95
-0.3 (-4.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.2%
1 Week6.6%
2 Weeks17.4%
1 Month14.31%
3 Month9.79%
6 Month-22.26%
12 Month-39.62%
2 Year-87.33%
3 Year-84.63%
5 Year6.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%5.21%
ATR Inc98.25%
Range Today0.33
ADR(20)0.35
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.33
Mansfield-2.58
10 Day High7.5
10 Day Low5.68
20 Day High7.5
20 Day Low5.47
52 Week High15.44
52 Week Low5.15
CS1 End5.78
CR1 Start7.26
Volume & EV
DER(3)5.27%
DER(5)-1.49%
Volume378.60K
Volume Incr89.52%
Vol(5)513.58K
Vol(50)257.82K