SNOW LAKE RESOURCES LTD (LITM) Stock Technical Analysis
NASDAQ:LITM - Nasdaq - CA83336J2083 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to LITM. LITM 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.
94% of all other stocks performed better in the past year than LITM.
LITM is part of the Metals & Mining industry. There are 152 other stocks in this industry, of which 94% are performing better than LITM.
LITM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month LITM has a been trading in the 0.39 - 0.80 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.
LITM has an average volume of 11339700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
LITM has a poor technical rating and the quality of the setup is also not perfect 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
0.39
0.44
We found 1 important support area.
- A support zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.41 from a trend line in the daily time frame.
- A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.83
Mansfield-2.17
10 Day High0.55
10 Day Low0.39
20 Day High0.8
20 Day Low0.39
52 Week High1.88
52 Week Low0.15
Performance
1 Week-6.65%
2 Weeks-11.21%
1 Month-31.32%
3 Month-53.64%
6 Month34.7%
12 Month-52.37%
2 Year-82.88%
3 Year-91.39%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)40.99
LBB0.39
UBB0.54
0.4126
-0.04 (-8.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-8.58%
1 Week-6.65%
2 Weeks-11.21%
1 Month-31.32%
3 Month-53.64%
6 Month34.7%
12 Month-52.37%
2 Year-82.88%
3 Year-91.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%19.52%
ATR Inc-26.84%
Range Today0.05
ADR(20)0.08
ADR(20)%18.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.83
Mansfield-2.17
10 Day High0.55
10 Day Low0.39
20 Day High0.8
20 Day Low0.39
52 Week High1.88
52 Week Low0.15
CS1 End0.39
CR1 Start0.41
Volume & EV
DER(3)-15.47%
DER(5)-10.59%
Volume5.09M
Volume Incr-85.17%
Vol(5)2.97M
Vol(50)11.34M