PIEDMONT LITHIUM INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PLL
ISIN:

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

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 80.78 USD

My targets

90.82 USD (+9.27%)

99.34 USD (+19.53%)

My analysis

The bullish trend is currently very strong on PIEDMONT LITHIUM. As long as the price remains above the support at 80.78 USD, you could try to benefit from the boom. The first bullish objective is located at 90.82 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 99.34 USD as an objective. Crossing it would then enable buyers to target 109.30 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.7

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 83.11 USD. On the day, this instrument gained +8.17% and was traded between 75.41 USD and 83.95 USD over the period. The price is currently at +10.21% from its lowest and -1.00% from its highest.

75.41

83.95

83.11

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

Technical

Technical analysis of this Daily 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, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Dark cloud cover

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	55.40	62.32	80.78	83.11
Change (%)	-33.34%	-25.02%	-2.80%	-
Change	-27.71	-20.79	-2.33	-
Level	Major	Intermediate	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

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):	61.30
MACD (12,26,9):	5.6700
Directional Movement:	10.78
AROON (14):	-14.29
DEMA (21):	74.80
Parabolic SAR (0,02-0,02-0,2):	48.99
Elder Ray (13):	5.99
Super Trend (3,10):	54.36
Zig ZAG (10):	76.83
VORTEX (21):	1.0200
Stochastique (14,3,5):	73.71
TEMA (21):	76.46
Williams %R (14):	-29.43
Chande Momentum Oscillator (20):	-5.15
Repulse (5,40,3):	-2.8900
ROCnROLL:	1
TRIX (15,9):	1.2600
Courbe Coppock:	28.88

MA7:	74.61
MA20:	66.71
MA50:	55.77
MA100:	40.92
MAexp7:	74.50
MAexp20:	67.37
MAexp50:	56.98
MAexp100:	45.32
Price / MA7:	+11.39%
Price / MA20:	+24.58%
Price / MA50:	+49.02%
Price / MA100:	+103.10%
Price / MAexp7:	+11.56%
Price / MAexp20:	+23.36%
Price / MAexp50:	+45.86%
Price / MAexp100:	+83.38%

Quotes : 2021-03-18 14:41:58 - 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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