STANDARD LITHIUM LTD (SLI) Stock Technical Analysis
NYSEARCA:SLI • CA8536061010
Overall SLI gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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. We also observe that the gains produced by SLI over the past year are nicely spread over this period.
- SLI is one of the better performing stocks in the Metals & Mining industry, it outperforms 73% of 157 stocks in the same industry.
- SLI has an average volume of 3257140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- In the last month SLI has a been trading in the 3.88 - 4.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SLI has an excellent technical rating, it does not present a decent entry opportunity 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
3.94
4 important support areas can be observed.
- Support @4.64 from a trend line in the daily time frame.
- A support zone ranging from 4.20 to 4.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.05 to 4.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.76 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for SLI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLI is neutral. |
| ChartMill Relative Strength | 97.79 | POSITIVE | SLI has a high relative strength, it outperformed 97.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SLI is above 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) | 52.79 | NEUTRAL | The RSI value for SLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SLI has a positive trend. |
| Stochastics (14,3) | 72.53 | NEUTRAL | The Stochastics value for SLI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for SLI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.12 | NEGATIVE | The low ADX value for SLI suggests a weak or negative trend. |
4.67
+0.07 (+1.52%)
STANDARD LITHIUM LTD / SLI FAQ
Can you provide the ChartMill technical rating for STANDARD LITHIUM LTD?
ChartMill assigns a technical rating of 7 / 10 to SLI.
Can you provide the trend direction for STANDARD LITHIUM LTD?
The current trend direction for STANDARD LITHIUM LTD (SLI) is Bullish.
Can you provide the RSI signal for STANDARD LITHIUM LTD?
STANDARD LITHIUM LTD (SLI) has an RSI value of 52.7912. 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 4.64 and a resistance level at 4.76. Check the full technical report for our detailed analysis of SLI support and resistance levels.