Tech reviews

Shares Under Review: Global X Lithium & Battery Tech ETF (ASX:LIT): 20 Day Lower Keltner Band is 29.49409


New investors may be trying to figure out the best way to build a solid foundation with which to make future investing decisions. There are many different paths that an investor can take once they become familiar with the territory. Some investors will choose to study professional analyst research and recommendations. This can be very useful, but many investors may feel more comfortable doing their own research. Conducting stock research may involve looking at the fundamentals of a certain company. Understanding what kind of competitive advantage a company might have compared to others in their industry may help weed out some of the more undesirable stocks. Because there is no one way to properly conduct stock research, investors may need to try a few different methods in order to determine the best individual course of action.

Traders using technical analysis may be employing moving average indicators to assist with gauging a certain market move or to indicate its strength. Many traders will rely on the EMA or Exponential Moving Average to accomplish this. Checking on some recent levels for Global X Lithium & Battery Tech ETF (ASX:LIT), we can see that the 10 day EMA is 29.915964, the 20 day is 29.68632, and the 30 day is 29.458273. Pulling back a bit, we note that the 100 day EMA is 29.07163, the 50 day is 29.162844, and the 200 day EMA is 29.672842.

A good way for investors to understand stock price movements is to look at how it has performed at various intervals in the past. Tracking shares of Global X Lithium & Battery Tech ETF (ASX:LIT), we see that the most recent close price was 29.74
Year-to-date: 10.155671
Prior week: -0.2014775
Prior month: 4.5007033
Last 6 months:-8.35646
Last 3 months: -3.2237055

After a recent check, we see that the Bull Bear Power reading is -0.16950001. Moving to some volatility readings, we see that the current value is 0.7065949. Looking out for the week, volatility is 1.1395807. For the previous month, volatility is at 1.13213. Investors often track volatility across sectors to compare with the overall volatility in the market.

Traders use pivot point analysis to help determine key levels where a stock price may react. Tracking these turn around levels may help the trader while attempting stock analysis. Looking at some current one month pivots, we note that the Fibonacci pivot is 29.456667 while the Fibonacci support 1 pivot is 29.005907, and the Fibonacci support 2 is 28.727427. Checking on the one month Woodie pivot, we note the level at 29.81. The Woodie support 1 pivot is 29.77, and the Woodie resistance 1 pivot is 30.95.

Following recent trading activity, we note that Global X Lithium & Battery Tech ETF (ASX:LIT) has seen a move of -0.10077259% since the open. The prior close was 29.74 and the one month high price is currently 30.56.

Shifting the technical focus to Keltner Channels, we see that the 20 day upper envelope is 29.87855. The 20 day lower envelope is currently 29.49409. Traders may be watching for a breakthrough of the higher or lower Keltner bands.

Diversification can be an important aspect of any investor’s portfolio. Investors may choose to spread out stock holdings between foreign stocks and stocks with different market capitalizations. Investors may have to first become aware of the risk associated with owning a wide variety of stocks. Owning stocks that belong to different industries may also be a help to the success of the portfolio. Often times, sectors may trade off being market leaders. Owning all one sector may leave too much risk exposed if the sector suddenly tanks and falls out of favor with investors. Investors may need to occasionally do a strategic review of the equity portion of the portfolio. Knowing exactly what is held may help the investor when the time comes to make some adjustments.

Investors might be looking around every corner when analyzing shares of Global X Lithium & Battery Tech ETF (ASX:LIT). Many investors will closely track a stock when it nears a major historical high or low point. Let’s take a quick peek at some major historical highs and lows for the stock:

All time high: 47.57998
All time low: 14.6402
52 week high: 36.229
52 week low: 25.72
6 month high: 33.79
6 month low: 25.72
3 month high: 32.49
3 month low: 25.72
One month high: 30.56
One month low: 28.07



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