GLOBAL X LITHIUM GLOBAL X LITHIUM ETF Forecast
Stronger technical forecast for GLOBAL X LITHIUM GLOBAL X LITHIUM ETF price after Thursday trading.
(Updated on Mar 28, 2024)
The GLOBAL X LITHIUM GLOBAL X LITHIUM ETF price fell by -0.242% on the last day (Thursday, 28th Mar 2024) from $45.40 to $45.29. During the last trading day the ETF fluctuated 1.11% from a day low at $45.00 to a day high of $45.50. The price has fallen in 6 of the last 10 days and is down by -0.11% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -51 thousand shares and in total, 210 thousand shares were bought and sold for approximately $9.49 million.
The ETF lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $46.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.12% during the next 3 months and, with a 90% probability hold a price between $37.33 and $45.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LIT Signals & Forecast
The GLOBAL X LITHIUM GLOBAL X LITHIUM ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $45.44. On a fall, the ETF will find some support from the long-term average at approximately $44.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -3.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for GLOBAL X LITHIUM GLOBAL X LITHIUM ETF
GLOBAL X LITHIUM GLOBAL X LITHIUM finds support from accumulated volume at $44.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.500 (1.11%) between high and low. For the last week, the ETF has had daily average volatility of 1.63%.
Our recommended stop-loss: $43.51 (-3.94%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (LIT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect GLOBAL X LITHIUM ETF GLOBAL X LITHIUM ETF to open at $45.26, and during the day (based on 14 day Average True Range), to move between $44.31 and $46.27, which gives a possible trading interval of +/-$0.98 (+/-2.17%) up or down from last closing price. If GLOBAL X LITHIUM ETF GLOBAL X LITHIUM ETF takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.64 (1.44%) than the resistance at $45.97 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GLOBAL X LITHIUM ETF GLOBAL X LITHIUM ETF ETF A Buy?
GLOBAL X LITHIUM GLOBAL X LITHIUM holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.210 Hold/Accumulate Upgraded
Predicted Opening Price for GLOBAL X LITHIUM ETF GLOBAL X LITHIUM ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$45.26 ( 0.0589%) | $45.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.76 | 1.05 % | |
R2 | 45.57 | 0.623 % | ||
R1 | 45.45 | 0.363 % | ||
Current price: | 45.29 | |||
Support | S1 | 45.07 | -0.481 % | |
S2 | 44.95 | -0.741 % | ||
S3 | 44.76 | -1.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.16 | 4.13 % | |
R2 | 46.11 | 1.81 % | ||
R1 | 45.97 | 1.50 % | ||
Current price | 45.29 | |||
Support | S1 | 44.64 | -1.44% | |
S2 | 43.36 | -4.26% | ||
S3 | 41.45 | -8.48% |
LIT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.358 | 0.690% |
2 | Jan 11, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.208 | 0.308% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.517 | 0.87% |
4 | Feb 01, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.0620 | 0.0829% |
5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.148 | 0.183% |
FAQ
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