STANDARD LITHIUM - 1H - Technical analysis published on 11/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 2.04 USD
My targets
1.90 USD (-5.47%)
1.74 USD (-13.58%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STANDARD LITHIUM as long as the price remains well below 2.04 USD. The next bearish objective for sellers is set at 1.90 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.74 USD. If there is any crossing, the next objective would be the support located at 1.69 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STANDARD LITHIUM rating is 2.01 USD. On the day, this instrument gained +2.55% with the lowest point at 1.93 USD and the highest point at 2.06 USD. The deviation from the price is +4.15% for the low point and -2.43% for the high point.1.93
2.06
2.01
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of STANDARD LITHIUM indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.45 | 1.69 | 1.90 | 2.01 | 2.22 | 2.33 | 2.51 |
| Change (%) | -27.86% | -15.92% | -5.47% | - | +10.45% | +15.92% | +24.88% |
| Change | -0.56 | -0.32 | -0.11 | - | +0.21 | +0.32 | +0.50 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.80 | 1.85 | 1.91 | 1.96 | 2.02 | 2.07 | 2.13 |
| Camarilla | 1.93 | 1.94 | 1.95 | 1.96 | 1.97 | 1.98 | 1.99 |
| Woodie | 1.80 | 1.85 | 1.91 | 1.96 | 2.02 | 2.07 | 2.13 |
| Fibonacci | 1.85 | 1.90 | 1.92 | 1.96 | 2.01 | 2.03 | 2.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.74 | 1.90 | 2.04 | 2.20 | 2.34 | 2.50 | 2.64 |
| Camarilla | 2.09 | 2.12 | 2.14 | 2.17 | 2.20 | 2.23 | 2.25 |
| Woodie | 1.72 | 1.90 | 2.02 | 2.20 | 2.32 | 2.50 | 2.62 |
| Fibonacci | 1.90 | 2.02 | 2.09 | 2.20 | 2.32 | 2.39 | 2.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.59 | 1.05 | 1.71 | 2.17 | 2.83 | 3.29 | 3.95 |
| Camarilla | 2.05 | 2.16 | 2.26 | 2.36 | 2.46 | 2.57 | 2.67 |
| Woodie | 0.68 | 1.10 | 1.80 | 2.22 | 2.92 | 3.34 | 4.04 |
| Fibonacci | 1.05 | 1.48 | 1.75 | 2.17 | 2.60 | 2.87 | 3.29 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.32 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -8.15 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.91 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 2.13 | |
| Zig ZAG (10): | 2.03 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 51.05 | |
| TEMA (21): | 1.95 | |
| Williams %R (14): | -15.63 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 4.5200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 10.83 |
| MA7: | 2.14 | |
| MA20: | 2.19 | |
| MA50: | 1.82 | |
| MA100: | 1.54 | |
| MAexp7: | 2.00 | |
| MAexp20: | 2.04 | |
| MAexp50: | 2.13 | |
| MAexp100: | 2.16 | |
| Price / MA7: | -6.07% | |
| Price / MA20: | -8.22% | |
| Price / MA50: | +10.44% | |
| Price / MA100: | +30.52% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | -5.63% | |
| Price / MAexp100: | -6.94% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on STANDARD LITHIUM at the time of the analysis were as follows:
- Standard Lithium Reports Fiscal First Quarter 2025 Results
- SWA Lithium and Koch Technology Solutions Sign License for First Commercial DLE Project in North America
- Standard Lithium Reports 2024 Full Year and Fourth Quarter Results
- Arkansas Governor, Local and Community Leaders Congratulate Standard Lithium, Equinor for U.S. Department of Energy Provisional Grant up to US$225 million
- U.S. Department of Energy Selects Standard Lithium and Equinor for Award Negotiation of Up to $225 Million for South West Arkansas Project
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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