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$FL1 (First Lithium Limited) Price Analysis
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Let's analyze First Lithium Limited together

Penke

I guess you are interested in First Lithium Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – First Lithium Limited’s Price Targets

I'm going to help you getting a better view of First Lithium Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of First Lithium Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of First Lithium Limited. The general trend of First Lithium Limited is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine First Lithium Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-14.3%) Bearish trend (14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. First Lithium Limited Price Targets

1.1 sr

Score

Let's take a look at the sr of First Lithium Limited.

  • The price is currently trading around a support level. This can be considered as a potential entry level.
First Lithium Limited Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of First Lithium Limited.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is leading the LONG, indicating positive trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is leading the LONG, indicating positive trend alignment.
  • The INTER shows a strengthening upward trend.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is supported by the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

First Lithium Limited Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of First Lithium Limited.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate First Lithium Limited.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for First Lithium Limited.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
First Lithium Limited Daily macd ChartFirst Lithium Limited Daily macd Chart
2.3 dmi

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Let's take a look at the dmi of First Lithium Limited.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • A strong bearish trend is in place and intensifying, indicating growing downside conviction and sustained selling pressure.
First Lithium Limited Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of First Lithium Limited.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
First Lithium Limited Daily sar Chart

3. Momentum Indicators

3.1 rsi

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Let's take a look at the rsi of First Lithium Limited. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
First Lithium Limited Daily rsi ChartFirst Lithium Limited Daily rsi Chart
3.2 stoch

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Let's take a look at the stoch of First Lithium Limited. The current phase is Oversold in bear market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for First Lithium Limited.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
First Lithium Limited Daily stoch ChartFirst Lithium Limited Daily stoch Chart
3.3 cci

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Let's take a look at the cci of First Lithium Limited.

First Lithium Limited Daily cci ChartFirst Lithium Limited Daily cci Chart
3.4 cmo

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Let's take a look at the cmo of First Lithium Limited.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
First Lithium Limited Daily cmo ChartFirst Lithium Limited Daily cmo Chart
3.5 willr

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Let's take a look at the willr of First Lithium Limited.

  • Upward momentum appears stretched, suggesting buying pressure may be excessive and a pause or pullback could occur.
First Lithium Limited Daily willr ChartFirst Lithium Limited Daily willr Chart

4. Volatility Indicators

4.1 bb

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Let's take a look at the bb of First Lithium Limited.

First Lithium Limited Daily bb Chart
4.2 atr

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Let's take a look at the atr of First Lithium Limited.

First Lithium Limited Daily atr ChartFirst Lithium Limited Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of First Lithium Limited.

First Lithium Limited Daily obv ChartFirst Lithium Limited Daily obv Chart
5.2 mfi

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Let's take a look at the mfi of First Lithium Limited.

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
First Lithium Limited Daily mfi ChartFirst Lithium Limited Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for First Lithium Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

First Lithium Limited Daily Candlestick Chart
DateCandlestick Pattern
Penke

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