PIEDMONT LITHIUM INC (PLL) Stock Technical Analysis
NASDAQ:PLL - Nasdaq - US72016P1057 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to PLL. PLL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, PLL is a bad performer in the overall market: 88% of all stocks are doing better.
PLL is part of the Metals & Mining industry. There are 153 other stocks in this industry, of which 86% 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 - 8.15 range, which is quite wide. It is currently trading near the lows of this range.
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
6.16
8.70
2 important support areas can be observed.
- Support @6.32 from a trend line in the daily time frame.
- Support @6.22 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.56 to 6.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.97 to 6.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.40 from a trend line in the weekly time frame.
- Resistance @7.98 from a trend line in the daily time frame.
- Resistance @8.61 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 | 12.36 | NEGATIVE | PLL has a low relative strength, it was outperformed by 87.64% 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) | 44.19 | NEUTRAL | The RSI value for PLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PLL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.51 | NEUTRAL | The Stochastics value for PLL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for PLL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.4 | 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)
6.55
+0.17 (+2.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.66%
1 Week2.99%
2 Weeks-8.77%
1 Month-19.93%
3 Month-7.75%
6 Month-47.85%
12 Month-49.85%
2 Year-88.04%
3 Year-89.89%
5 Year-15.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%5.71%
ATR Inc-7.77%
Range Today0.35
ADR(20)0.36
ADR(20)%5.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.36
Mansfield-3.14
10 Day High7.29
10 Day Low6.12
20 Day High8.15
20 Day Low6.12
52 Week High15.44
52 Week Low5.15
CS1 End6.32
CR1 Start6.56
Volume & EV
DER(3)0.39%
DER(5)-2.52%
Volume240.10K
Volume Incr-36.95%
Vol(5)158.78K
Vol(50)235.11K