PIEDMONT LITHIUM INC.
PIEDMONT LITHIUM INC.
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PLL
ISIN: AU000000PLL5

PIEDMONT LITHIUM INC. - Weekly - Technical analysis published on 05/01/2023 (GMT)

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  • Timeframe : Weekly
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:
Daily

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.8300.8350.8450.8500.8600.8650.875
Camarilla0.8510.8520.8540.8550.8560.8580.859
Woodie0.8330.8360.8480.8510.8630.8660.878
Fibonacci0.8350.8410.8440.8500.8560.8590.865


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6520.7180.7570.8230.8620.9280.967
Camarilla0.7660.7760.7850.7950.8050.8140.824
Woodie0.6380.7110.7430.8160.8480.9210.953
Fibonacci0.7180.7580.7830.8230.8630.8880.928


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.5430.6470.7680.8720.9931.0971.218
Camarilla0.8280.8490.8690.8900.9110.9310.952
Woodie0.5530.6510.7780.8761.0031.1011.228
Fibonacci0.6470.7330.7860.8720.9581.0111.097

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 : - End-of-day data - Australia Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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