Technical Analysis for AKE - Allkem Limited

Grade Last Price % Change Price Change
D 9.340 2.19% 0.200
AKE closed up 2.19 percent on Friday, March 24, 2023, on 69 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Slingshot Bearish Bearish Swing Setup 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Gapped Up Strength 2.19%
Oversold Stochastic Weakness 2.19%
180 Bearish Setup Bearish Swing Setup -0.85%
Gapped Down Weakness -0.85%
Oversold Stochastic Weakness -0.85%
Narrow Range Bar Range Contraction -3.21%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Gap Up Partially Closed about 14 hours ago
Rose Above Previous Day's High about 14 hours ago
Gapped Up (Partial) about 14 hours ago
Up 1 ATR about 14 hours ago
10 DMA Resistance about 14 hours ago

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Profile

Allkem Limited engages in the exploration, development, and production of lithium and boron in Argentina. The company's flagship project is the Olaroz Lithium Facility located in Jujuy province in northern Argentina. Allkem Limited was incorporated in 2005 and is based in Brisbane, Australia.
Classification

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Keywords: Chemistry Physical Sciences Natural Sciences Chemical Elements Lithium Reducing Agents Mood Stabilizers Boron Orocobre

Is AKE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.87
52 Week Low 8.32
Average Volume 40,395
200-Day Moving Average 11.419
50-Day Moving Average 11.228
20-Day Moving Average 10.174
10-Day Moving Average 9.501
Average True Range 0.445
RSI 37.50
ADX 24.46
+DI 21.057
-DI 36.309
Chandelier Exit (Long, 3 ATRs) 10.266
Chandelier Exit (Short, 3 ATRs) 10.414
Upper Bollinger Bands 11.658
Lower Bollinger Band 8.689
Percent B (%b) 0.22
BandWidth 29.190
MACD Line -0.548
MACD Signal Line -0.494
MACD Histogram -0.054
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.233
Resistance 3 (R3) 10.280 10.030 10.084
Resistance 2 (R2) 10.030 9.803 10.006 10.034
Resistance 1 (R1) 9.685 9.662 9.858 9.638 9.985
Pivot Point 9.435 9.435 9.521 9.411 9.435
Support 1 (S1) 9.090 9.208 9.263 9.043 8.695
Support 2 (S2) 8.840 9.067 8.816 8.646
Support 3 (S3) 8.495 8.840 8.596
Support 4 (S4) 8.448