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LITM
Stock ticker: NASDAQ
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Capitalization
14.22M

LITM Snow Lake Resources Ltd Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for LITM with price predictions
07:00 PM EST Nov 27, 2023

Momentum Indicator for LITM turns negative, indicating new downward trend

LITM saw its Momentum Indicator move below the 0 level on November 28, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator turned negative. In of the 38 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LITM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for LITM entered a downward trend on November 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for LITM's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 25 cases where LITM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for LITM just turned positive on November 15, 2023. Looking at past instances where LITM's MACD turned positive, the stock continued to rise in of 18 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LITM advanced for three days, in of 83 cases, the price rose further within the following month. The odds of a continued upward trend are .

LITM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.831) is normal, around the industry mean (6.344). P/E Ratio (0.000) is within average values for comparable stocks, (97.637). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.103). Dividend Yield (0.000) settles around the average of (0.061) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (223.712).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. LITM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LITM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are BHP Group Limited (NYSE:BHP), Vale SA (NYSE:VALE), Freeport-McMoran (NYSE:FCX), Cameco Corp (NYSE:CCJ), Teck Resources Limited (NYSE:TECK).

Industry description

The category includes companies that explore for, mine and extract metals, such as copper, diamonds, nickel, cobalt ore, lead, zinc and uranium. BHP, Rio Tinto and Southern Copper Corporation are major players in this space.

Market Cap

The average market capitalization across the Other Metals/Minerals Industry is 2.49B. The market cap for tickers in the group ranges from 230 to 223.12B. BHPBF holds the highest valuation in this group at 223.12B. The lowest valued company is BAJFF at 230.

High and low price notable news

The average weekly price growth across all stocks in the Other Metals/Minerals Industry was 3%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 77%. WESMD experienced the highest price growth at 1,774%, while CVVRF experienced the biggest fall at -53%.

Volume

The average weekly volume growth across all stocks in the Other Metals/Minerals Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was -42%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 80
Price Growth Rating: 50
SMR Rating: 89
Profit Risk Rating: 88
Seasonality Score: -10 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Industry OtherMetalsMinerals

Profile
Fundamentals
Details
Industry
N/A
Address
360 Main Street
Phone
+1 416 869-7612
Employees
N/A
Web
https://www.snowlakelithium.com
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LITM and

Correlation & Price change

A.I.dvisor tells us that LITM and SLI have been poorly correlated (+33% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that LITM and SLI's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LITM
1D Price
Change %
LITM100%
-11.29%
SLI - LITM
33%
Poorly correlated
+0.93%
SKE - LITM
33%
Poorly correlated
+0.43%
SGML - LITM
29%
Poorly correlated
+4.76%
PLL - LITM
28%
Poorly correlated
+0.95%
UROY - LITM
27%
Poorly correlated
-2.97%
More