PIEDMONT LITHIUM INC (PLL) Stock Technical Analysis
NASDAQ:PLL - Nasdaq - US72016P1057 - Common Stock - Currency: USD
Overall PLL gets a technical rating of 0 out of 10. PLL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PLL is a bad performer in the overall market: 90% of all stocks are doing better.
PLL is part of the Metals & Mining industry. There are 153 other stocks in this industry, of which 88% are performing better than PLL.
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 6.12 - 7.94 range, which is quite wide. It is currently trading near the lows of this range.
PLL has a poor technical rating and the quality of the setup is also 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
6.19
8.68
When analyzing the support we notice one important area.
- Support @6.25 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @6.56 from a horizontal line in the daily time frame.
- Resistance @6.97 from a trend line in the weekly time frame.
- Resistance @7.89 from a trend line in the daily time frame.
- Resistance @8.59 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 | DOWN | NEGATIVE | The short term trend for PLL is down. |
| ChartMill Relative Strength | 10.93 | NEGATIVE | PLL has a low relative strength, it was outperformed by 89.07% off all stocks 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) | DOWN | NEGATIVE | The current price of PLL is below 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) | 39.48 | NEUTRAL | The RSI value for PLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PLL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.43 | OVERSOLD | The low Stochastics value suggests PLL may be oversold. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for PLL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.27 | NEGATIVE | The low ADX value for PLL suggests a weak or negative 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)
6.26
-0.18 (-2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.8%
1 Week0.48%
2 Weeks-8.75%
1 Month-16.31%
3 Month-11.83%
6 Month-50.16%
12 Month-52.07%
2 Year-88.57%
3 Year-90.33%
5 Year-19.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%5.86%
ATR Inc-7.71%
Range Today0.28
ADR(20)0.36
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.93
Mansfield-3.43
10 Day High6.89
10 Day Low6.12
20 Day High7.94
20 Day Low6.12
52 Week High15.44
52 Week Low5.15
CS1 End6.25
CR1 Start6.56
Volume & EV
DER(3)-1.47%
DER(5)-0.48%
Volume153.30K
Volume Incr-21.45%
Vol(5)187.38K
Vol(50)233.34K