PIEDMONT LITHIUM INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
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Type:	Stocks
Ticker:	PLL
ISIN:

PIEDMONT LITHIUM INC. - Weekly - Technical analysis published on 03/18/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 78.99 USD

My targets

90.82 USD (+9.99%)

109.30 USD (+32.38%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PIEDMONT LITHIUM as long as the price remains well above 78.99 USD. The buyers” bullish objective is set at 90.82 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 109.30 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

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 savas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PIEDMONT LITHIUM price is 82.57 USD. Over 5 days, this instrument gained +13.73% and has been traded over the last 5 days between 72.10 USD and 82.89 USD. This implies that the 5 day price is +14.52% from its lowest point and -0.38% from its highest point.

72.10

82.89

82.57

Here is a more detailed summary of the historical variations registered by PIEDMONT LITHIUM:

Technical

Technical analysis of this Weekly chart of PIEDMONT LITHIUM indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	24.85	42.84	62.32	82.57
Change (%)	-69.90%	-48.12%	-24.52%	-
Change	-57.72	-39.73	-20.25	-
Level	Major	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.15	68.12	72.48	76.45	80.81	84.78	89.14
Camarilla	74.54	75.30	76.07	76.83	77.59	78.36	79.12
Woodie	64.34	68.22	72.67	76.55	81.00	84.88	89.33
Fibonacci	68.12	71.31	73.27	76.45	79.64	81.60	84.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.79	47.46	59.64	67.31	79.49	87.16	99.34
Camarilla	66.36	68.18	70.00	71.82	73.64	75.46	77.28
Woodie	42.05	48.59	61.90	68.44	81.75	88.29	101.60
Fibonacci	47.46	55.04	59.73	67.31	74.89	79.58	87.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.37	30.20	48.68	60.51	78.99	90.82	109.30
Camarilla	58.84	61.61	64.39	67.17	69.95	72.73	75.51
Woodie	21.71	31.86	52.02	62.17	82.33	92.48	112.64
Fibonacci	30.20	41.78	48.93	60.51	72.09	79.24	90.82

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	76.66
MACD (12,26,9):	13.5900
Directional Movement:	26.03
AROON (14):	78.57
DEMA (21):	63.31
Parabolic SAR (0,02-0,02-0,2):	46.50
Elder Ray (13):	23.25
Super Trend (3,10):	35.61
Zig ZAG (10):	76.83
VORTEX (21):	1.1900
Stochastique (14,3,5):	69.60
TEMA (21):	70.57
Williams %R (14):	-18.09
Chande Momentum Oscillator (20):	47.54
Repulse (5,40,3):	4.9400
ROCnROLL:	1
TRIX (15,9):	6.4100
Courbe Coppock:	276.47

MA7:	74.61
MA20:	66.71
MA50:	55.77
MA100:	40.92
MAexp7:	63.32
MAexp20:	46.77
MAexp50:	30.40
MAexp100:	21.03
Price / MA7:	+10.67%
Price / MA20:	+23.77%
Price / MA50:	+48.05%
Price / MA100:	+101.78%
Price / MAexp7:	+30.40%
Price / MAexp20:	+76.54%
Price / MAexp50:	+171.61%
Price / MAexp100:	+292.63%

Quotes : 2021-03-18 14:42:34 - 15 min delayed data - NASDAQ Stocks

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

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