PIEDMONT LITHIUM INC. - Weekly - Technical analysis published on 05/01/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 0.765 AUD
My targets
0.945 AUD (+10.53%)
1.050 AUD (+22.81%)
My analysis
A bullish trend on PIEDMONT LITHIUM INC. both in substance and in the short term. A purchase could be considered as long as the price remains above 0.765 AUD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.945 AUD. Then the price could move towards 1.050 AUD. Then 9.000 AUD by extension. Be careful, a return below 0.765 AUD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PIEDMONT LITHIUM INC. rating 0.855 AUD. The price is up +7.55% over 5 days and was traded between 0.825 AUD and 0.855 AUD over the period. The price is currently at +3.64% from its lowest point and 0% from its highest point.0.825
0.855
0.855
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Weekly chart of PIEDMONT LITHIUM INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Weekly
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bearish trend
Type : Bearish
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.485 | 0.603 | 0.765 | 0.855 | 0.945 | 1.050 | 9.000 |
| Change (%) | -43.27% | -29.47% | -10.53% | - | +10.53% | +22.81% | +952.63% |
| Change | -0.370 | -0.252 | -0.090 | - | +0.090 | +0.195 | +8.145 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.830 | 0.835 | 0.845 | 0.850 | 0.860 | 0.865 | 0.875 |
| Camarilla | 0.851 | 0.852 | 0.854 | 0.855 | 0.856 | 0.858 | 0.859 |
| Woodie | 0.833 | 0.836 | 0.848 | 0.851 | 0.863 | 0.866 | 0.878 |
| Fibonacci | 0.835 | 0.841 | 0.844 | 0.850 | 0.856 | 0.859 | 0.865 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.652 | 0.718 | 0.757 | 0.823 | 0.862 | 0.928 | 0.967 |
| Camarilla | 0.766 | 0.776 | 0.785 | 0.795 | 0.805 | 0.814 | 0.824 |
| Woodie | 0.638 | 0.711 | 0.743 | 0.816 | 0.848 | 0.921 | 0.953 |
| Fibonacci | 0.718 | 0.758 | 0.783 | 0.823 | 0.863 | 0.888 | 0.928 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.543 | 0.647 | 0.768 | 0.872 | 0.993 | 1.097 | 1.218 |
| Camarilla | 0.828 | 0.849 | 0.869 | 0.890 | 0.911 | 0.931 | 0.952 |
| Woodie | 0.553 | 0.651 | 0.778 | 0.876 | 1.003 | 1.101 | 1.228 |
| Fibonacci | 0.647 | 0.733 | 0.786 | 0.872 | 0.958 | 1.011 | 1.097 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.00 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | 9.311 | |
| AROON (14): | -35.715 | |
| DEMA (21): | 0.841 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.053 | |
| Elder Ray (13): | -0.020 | |
| Super Trend (3,10): | 0.725 | |
| Zig ZAG (10): | 0.825 | |
| VORTEX (21): | 0.9180 | |
| Stochastique (14,3,5): | 17.33 | |
| TEMA (21): | 0.823 | |
| Williams %R (14): | -77.61 | |
| Chande Momentum Oscillator (20): | -0.140 | |
| Repulse (5,40,3): | -7.8590 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1490 | |
| Courbe Coppock: | 1.46 |
| MA7: | 0.830 | |
| MA20: | 0.824 | |
| MA50: | 0.864 | |
| MA100: | 0.845 | |
| MAexp7: | 0.822 | |
| MAexp20: | 0.841 | |
| MAexp50: | 0.827 | |
| MAexp100: | 0.764 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | +3.76% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | +1.18% | |
| Price / MAexp7: | +4.01% | |
| Price / MAexp20: | +1.66% | |
| Price / MAexp50: | +3.39% | |
| Price / MAexp100: | +11.91% |
Quotes :
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End-of-day data
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Australia Stocks
News
Don't forget to follow the news on PIEDMONT LITHIUM INC.. At the time of publication of this analysis, the latest news was as follows:
- Piedmont Lithium Completes Phase 2 Drilling Program And Announces Further High-Grade Assay Results
- Piedmont Commences Trading In The United States And Admitted To Nasdaq International Designation
- Piedmont Lithium Limited to Present at the Cathodes 2017 Conference
- Four Kilometers of Mineralization Confirmed at the Piedmont Lithium Project
This member declared not having a position on this financial instrument or a related financial instrument.
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