PIEDMONT LITHIUM INC (PLL) Stock Technical Analysis
NASDAQ:PLL - Nasdaq - US72016P1057 - Common Stock - Currency: USD
Taking everything into account, PLL scores 7 out of 10 in our technical rating. In the last year, PLL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PLL is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 67% are performing better than PLL.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 47% of all stocks.
In the last month PLL has a been trading in the 6.32 - 9.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PLL 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
5.65
9.06
2 important support areas can be observed.
- A support zone ranging from 7.17 to 7.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.71 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @8.15 from a horizontal line in the weekly time frame.
- Resistance @8.73 from a trend line in the daily time frame.
- A resistance zone ranging from 8.91 to 8.97. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for PLL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLL is up. |
| ChartMill Relative Strength | 47.78 | NEUTRAL | PLL is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of PLL is above 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) | 58.6 | NEUTRAL | The RSI value for PLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PLL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.08 | NEUTRAL | The Stochastics value for PLL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for PLL suggests high volalility. |
| Average Directional Index/ADX (14) | 35.85 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.16 | 7.16 | 1.00 (12.25%) | 8.16% |
| An entry @8.16. This is a Buy Stop order right above the resistance zone. | An exit @7.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.00 points, which is 12.25%. | When investing 8.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.05
+0.36 (+4.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.68%
1 Week10.88%
2 Weeks-1.59%
1 Month23.28%
3 Month9.97%
6 Month-3.19%
12 Month-3.01%
2 Year-82.02%
3 Year-86.84%
5 Year32.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%7.76%
ATR Inc-0.12%
Range Today0.6
ADR(20)0.61
ADR(20)%7.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.78
Mansfield-1.2
10 Day High9.15
10 Day Low7.03
20 Day High9.15
20 Day Low6.32
52 Week High15.44
52 Week Low5.15
CS1 End7.26
CR1 Start8.15
Volume & EV
DER(3)3.63%
DER(5)3.89%
Volume628.00K
Volume Incr-27.66%
Vol(5)417.68K
Vol(50)389.43K