Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Technical and Fundamental Analysis on Lithium

by May 17, 2023
May 17, 2023
Technical and Fundamental Analysis on Lithium

Most associate lithium with EV usage.

The largest holding in the ETF basket (LIT) is Albemarle Corp. (ALB). The U.S.-based company is not purely a lithium business, as they also produce chemicals related to petroleum refining and consumer electronics. Interestingly, Tesla is a holding in LIT as well as ALB, only with about ½ the percentage of weight.

Factoid: Lithium, the drug, is made from lithium, the metal.

Besides the use for EVs, lithium-ion batteries are the key to rechargeable power for laptops, phones and other digital devices.

Expectations for longer-term demand supports a rebound as government incentives to switch to EVs. Some forecast that lithium demand by 2040 will be 16 times higher than present-day levels.

Is LIT a buy?

On the daily chart, the 200-DMA is above the 50-DMA and the price is in between. That is a recuperation phase or one of hope. The slopes on both MAs are slightly negative, but not by too much. I particularly like the risk right now. The low of the day LIT cleared, the 50-DMA or 60.90, should hold.

On the Real Motion Indicator, there is a bullish divergence. The momentum is above the 200-DMA, while the price is still quite far. That is typically bullish for the instrument.

On Tuesday, May 16th, LIT is having an inside trading day, or trading within the range of Monday. That means pause or uncertainty. We will be looking for a weekly close around or just above current price levels, as patience is the key in current conditions.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

IT’S NOT TOO LATE! Click here if you’d like a complimentary copy of Mish’s 2023 Market Outlook E-Book in your inbox.

“I grew my money tree and so can you!” – Mish Schneider

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

In this video, Mish walks you thru the Dollar, Euro, GBP, Gold, Silver and more.

Mish walks you through the fundamentals and technical analysis legitimizing a meme stock on Business First AM.

In this appearance on Fox Business’s Making Money with Charles Payne, Mish and Charles discuss if economy has contracted enough with support in place, and present 3 stock picks.

Mish covers the trading range and a few of her recent stock picks on Business First AM.

In this appearance on Real Vision, Maggie Lake and Mish discuss current state of the market, from small caps to tech to gold.

Coming Up:

May 18th: Presentation for Orios VC Fund, India

May 19th: Real Vision Analysis

May 22nd: TD Ameritrade

May 31st: Singapore Radio with Kai Ting 6:05pm ET MoneyFM 89.3.

ETF Summary

S&P 500 (SPY): 23-month MA 420; support 410, then 405.Russell 2000 (IWM): 170 support, 180 resistance.Dow (DIA): 328 big support to hold.Nasdaq (QQQ): 329 the 23-month MA and big caps trying hard.Regional banks (KRE): 42 now pivotal resistance-holding last Thurs low.Semiconductors (SMH): 23-month MA at 124–can it hold next 2 weeks?Transportation (IYT): 202-240 biggest range to watch.Biotechnology (IBB): 121-135 range to watch from monthly charts.Retail (XRT): 56-75 trading range to break one way or another.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

0
FacebookTwitterGoogle +Pinterest
previous post
Biden policy to release illegal migrants without court dates suffers another blow as judge extends block
next post
Insolvencies drop 15 per cent – but experts warn ‘we’re not out of the woods yet’

You may also like

Mish’s Daily: Russell 2000 — How Money is...

October 19, 2022

The Ord Oracle September 18, 2023

September 19, 2023

Alphabet Stock (GOOGL) Is Gaining Momentum: Will It...

May 9, 2023

Bearish ADX Signal on S&P Plays Out –...

March 12, 2025

The Ord Oracle January 10, 2023

January 11, 2023

S&P 500 on the Verge of 6,000: What’s...

June 4, 2025

Navigating Tariffs: Master the Charts to Outsmart Market...

March 6, 2025

The Ord Oracle December 11, 2023

December 12, 2023

Why You NEED to Be Practicing Evidence-Based Investing

August 22, 2023

Is the USD Setting Up for a Perfect...

November 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rescissions: A Small but Welcome Step Toward Spending Discipline

      June 5, 2025
    • DAVID MARCUS: Why Navy ships should not be named for gay rights icons

      June 5, 2025
    • GREGG JARRETT: Biden, the ‘marionette president; and the case of the runaway autopen

      June 5, 2025
    • Trump Practically Bans Travel and Immigration from 12 Countries with Flimsy Security Justifications

      June 5, 2025
    • ‘He’s not a big factor’: Trump’s Senate allies dismiss Elon Musk’s calls to ‘kill the bill’

      June 5, 2025
    • Fears grow that Tata Steel could be excluded from Starmer-Trump trade deal

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,523)
    • Stocks (3,127)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved