Technical Analysis for LI - American Lithium Corp.

Grade Last Price % Change Price Change
F 0.750 -3.85% -0.030
LI closed down 3.85 percent on Friday, April 19, 2024, on 1.25 times normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%

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American Lithium Corp. Description

American Lithium Corp., formerly Menika Mining Ltd., is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of lithium deposits throughout the Americas. It holds options to acquire Nevada lithium brine claims totaling over 20,790 acres, including over 18,550 acres in Fish Lake Valley, Esmeralda County, and the 2,240-acre San Emidio Project in Washoe County. Its Fish Lake Valley property is a Nevada desert basin. It is also engaged in the exploration, evaluation and development of resource properties. It holds interests in the Reliance property, which consists of approximately 977.7 hectares, located over 10 kilometers north of the Historic Bralorne Gold Mine and five kilometers east of the town of Goldbridge, British Columbia. The Reliance property has approximately five claims consisting of over 20 units and approximately two cells It holds interest in AVA Property, located at and to the east of the village of Criss Creek.


Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Mining Gold Lithium Options Geography Of British Columbia Brine Bralorne Bridge River Country Gold Bridge

Is LI a Buy, Sell or Hold?

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


Indicator Value
52 Week High 3.09
52 Week Low 0.72
Average Volume 211,105
200-Day Moving Average 1.586
50-Day Moving Average 0.962
20-Day Moving Average 0.911
10-Day Moving Average 0.878
Average True Range 0.050
RSI (14) 25.37
ADX 28.04
+DI 8.593
-DI 38.191
Chandelier Exit (Long, 3 ATRs) 0.839
Chandelier Exit (Short, 3 ATRs) 0.871
Upper Bollinger Bands 1.046
Lower Bollinger Band 0.776
Percent B (%b) -0.1
BandWidth 29.638
MACD Line -0.054
MACD Signal Line -0.037
MACD Histogram -0.0169
Fundamentals Value
Market Cap 86.22 Million
Num Shares 115 Million
EPS -0.29
Price-to-Earnings (P/E) Ratio -2.56
Price-to-Sales 0.00
Price-to-Book 10.05
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.810
Resistance 3 (R3) 0.807 0.783 0.800
Resistance 2 (R2) 0.783 0.768 0.785 0.797
Resistance 1 (R1) 0.767 0.759 0.755 0.770 0.793
Pivot Point 0.743 0.743 0.738 0.745 0.743
Support 1 (S1) 0.727 0.728 0.715 0.730 0.707
Support 2 (S2) 0.703 0.719 0.705 0.703
Support 3 (S3) 0.687 0.703 0.700
Support 4 (S4) 0.690