PIEDMONT LITHIUM INC (PLL) Stock Technical Analysis
NASDAQ:PLL - US72016P1057 - Common Stock
7.25 USD
-0.71 (-8.92%)
7.39 USD
+0.14 (+1.93%)
Overall PLL gets a technical rating of 5 out of 10. 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 156 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 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 44% of all stocks.
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
5.72
10.13
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.
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 | 44.75 | 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. |
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)
7.25
-0.71 (-8.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-8.92%
1 Week-21.28%
2 Weeks-24.08%
1 Month-0.28%
3 Month17.31%
6 Month2.11%
12 Month-12.01%
2 Year-83.8%
3 Year-88.14%
5 Year19.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%9.08%
ATR Inc57.95%
Range Today1.06
ADR(20)0.6
ADR(20)%8.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.75
Mansfield-2.26
10 Day High9.55
10 Day Low7.02
20 Day High10.61
20 Day Low7.02
52 Week High15.44
52 Week Low5.15
CS1 End7.24
CR1 Start10.03
Volume & EV
DER(3)-1.26%
DER(5)0.33%
Volume3.03M
Volume Incr86.05%
Vol(5)1.00M
Vol(50)568.80K