STANDARD LITHIUM LTD (SLI) Stock Technical Analysis
NYSEARCA:SLI • CA8536061010
Taking everything into account, SLI scores 4 out of 10 in our technical rating. Although SLI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SLI has a been trading in the 3.91 - 6.00 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that SLI is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, SLI also shows a nice and consistent pattern of rising prices.
- SLI has an average volume of 3504910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SLI is part of the Metals & Mining industry. There are 157 other stocks in this industry, SLI did better than 69% of them.
- SLI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLI is lagging the market.
SLI has an average technical rating and also the quality of the setup is 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
3.90
2 important support areas can be observed.
- A support zone ranging from 4.07 to 4.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.94 to 3.98. 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 SLI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLI is down. |
| ChartMill Relative Strength | 97.19 | POSITIVE | SLI has a high relative strength, it outperformed 97.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.35 | NEUTRAL | The RSI value for SLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SLI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.54 | OVERSOLD | The low Stochastics value suggests SLI may be oversold. |
| Average True Range in percent/ATR (20) | 9.56 | HIGH VOLATILITY | The high ATR as a percentage value for SLI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for SLI suggests a weak or negative trend. |
4.12
+0.09 (+2.23%)
STANDARD LITHIUM LTD / SLI FAQ
Can you provide the ChartMill technical rating for STANDARD LITHIUM LTD?
ChartMill assigns a technical rating of 4 / 10 to SLI.
Can you provide the trend direction for STANDARD LITHIUM LTD?
The current trend direction for STANDARD LITHIUM LTD (SLI) is Bearish.
Can you provide the RSI signal for STANDARD LITHIUM LTD?
STANDARD LITHIUM LTD (SLI) has an RSI value of 41.3492. This indicates that the stock is currently neutral.
What is the support and resistance level for SLI stock?
STANDARD LITHIUM LTD (SLI) has a support level at 4.11. Check the full technical report for our detailed analysis of SLI support and resistance levels.