GLOBAL X LITHIUM GLOBAL X LITHIUM ETF Forecast
Red day on Wednesday for GLOBAL X LITHIUM GLOBAL X LITHIUM
(Updated on Apr 24, 2024)
The GLOBAL X LITHIUM GLOBAL X LITHIUM ETF price fell by -1.06% on the last day (Wednesday, 24th Apr 2024) from $42.34 to $41.89. During the last trading day the ETF fluctuated 2.23% from a day low at $41.65 to a day high of $42.58. The price has fallen in 7 of the last 10 days and is down by -7.53% for this period. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 603 thousand shares were bought and sold for approximately $25.27 million.
The ETF has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $41.90. A reaction back to this level may hold a second chance to get out before further falls.
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LIT Signals & Forecast
There are few to no technical positive signals at the moment. The GLOBAL X LITHIUM GLOBAL X LITHIUM ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $42.54 and $44.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -10.20%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for GLOBAL X LITHIUM GLOBAL X LITHIUM ETF
GLOBAL X LITHIUM GLOBAL X LITHIUM finds support from accumulated volume at $41.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.93 between high and low, or 2.23%. For the last week, the ETF has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect GLOBAL X LITHIUM ETF GLOBAL X LITHIUM ETF to open at $42.04, and during the day (based on 14 day Average True Range), to move between $40.91 and $42.87, which gives a possible trading interval of +/-$0.98 (+/-2.34%) 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 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.45 (1.05%) than the resistance at $42.36 (1.12%), 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?
The GLOBAL X LITHIUM GLOBAL X LITHIUM ETF holds several negative signals and despite the positive trend, we believe GLOBAL X LITHIUM GLOBAL X LITHIUM will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.346 Sell Candidate Unchanged
Predicted Opening Price for GLOBAL X LITHIUM ETF GLOBAL X LITHIUM ETF of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$42.04 ( 0.358%) | $41.89 |
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 | 42.97 | 2.58 % | |
R2 | 42.61 | 1.73 % | ||
R1 | 42.40 | 1.21 % | ||
Current price: | 41.89 | |||
Support | S1 | 41.68 | -0.490 % | |
S2 | 41.47 | -1.01 % | ||
S3 | 41.11 | -1.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.54 | 3.94 % | |
R2 | 43.36 | 3.51 % | ||
R1 | 42.36 | 1.12 % | ||
Current price | 41.89 | |||
Support | S1 | 41.45 | -1.05% | |
S2 | 40.53 | -3.25% | ||
S3 | 39.45 | -5.82% |
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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