Technical Analysis for LIT - Global X Lithium ETF

Grade Last Price % Change Price Change
D 46.00 0.81% 0.37
LIT closed up 0.81 percent on Friday, May 3, 2024, on 65 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Doji - Bearish? Reversal 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Crossed Above 50 DMA Bullish 0.81%
Expansion Pivot Buy Setup Bullish Swing Setup 0.81%
Gapped Up Strength 0.81%
50 DMA Resistance Bearish 4.40%

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Profile

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to measure broad based equity market performance of global companies involved in the lithium industry. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Index Fund Lithium

Top 10 Components

Symbol Grade Price % Change Allocation
ALB D 2.23 9.47
SQM D 2.10 4.43
TSLA D 0.66 4.20
ENS D 1.00 2.46
LCID D 0.18 1.52
PLL D 2.22 0.14
SLI C -3.76 0.14

Is LIT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 68.6013
52 Week Low 39.26
Average Volume 437,695
200-Day Moving Average 49.72
50-Day Moving Average 44.73
20-Day Moving Average 43.94
10-Day Moving Average 43.60
Average True Range 1.10
RSI (14) 60.00
ADX 15.63
+DI 35.45
-DI 19.98
Chandelier Exit (Long, 3 ATRs) 43.53
Chandelier Exit (Short, 3 ATRs) 44.79
Upper Bollinger Bands 46.88
Lower Bollinger Band 41.00
Percent B (%b) 0.85
BandWidth 13.37
MACD Line -0.01
MACD Signal Line -0.36
MACD Histogram 0.3499
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 46.87
Resistance 3 (R3) 46.92 46.67 46.73
Resistance 2 (R2) 46.67 46.45 46.65 46.68
Resistance 1 (R1) 46.34 46.31 46.51 46.29 46.63
Pivot Point 46.09 46.09 46.18 46.07 46.09
Support 1 (S1) 45.76 45.87 45.92 45.71 45.37
Support 2 (S2) 45.51 45.73 45.49 45.32
Support 3 (S3) 45.17 45.51 45.27
Support 4 (S4) 45.13