Lithium

Think the low in lithium is in? We check the charts of 33 global lithium stocks

Fri 15 Nov 24, 3:30pm (AEDT)
technical analysis lithium 1200 x 630
Source: Shutterstock, Market Index

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Key Points

  • There are very tentative signs in the charts that some lithium minerals prices are starting to bottom out
  • Earlier in the week, I asked readers which global lithium stocks they wanted technical analysis on
  • The video below contains in depth technical analysis on lithium minerals prices as well as 33 global lithium stocks as requested by you

As many of you know, I follow the lithium story quite closely, reporting straight to you any juicy broker research that comes past my desk, as well as publishing regular technical analysis on ASX lithium stocks and lithium minerals via my regular ChartWatch updates.

Over the last few weeks, I have observed tentative signs that price action and volume in key lithium mineral markets have been improving. Well, to be more specific – they haven't been getting exponentially worse – which has been the general trend for around 18 months now. Lithium bulls know exactly what I'm talking about.

"Bottomed out". That's as far as I went in an article I wrote earlier in the week about lithium minerals technicals, as well as reviewing local lithium stocks and broker ratings post-September quarterlies. By pure coincidence, the benchmark January 2025 lithium carbonate contract spiked shortly after I published, and as other key lithium mineral benchmarks have followed through the week, my call is looking somewhat prophetic for now.

If lithium minerals prices have indeed bottomed out, then it makes sense to begin scraping the barrel of long term downtrends in the sector for any signs of life. To help point me in the right direction, I asked my loyal X/Twitter followers for their top global lithium picks.

I ended up with 33 in total, which I provide analysis for in the video below. I'll also provide my latest views on lithium minerals prices, and the key technical factors still required to confirm a new bull market in lithium has begun.

Lithium minerals and global lithium stocks and ETFs technical analysis review video

Note: This video was filmed yesterday during regular trading hours. Some of the charts therefore have changed since then. Also note that the "supply-side response" in GFEX lithium carbonate futures "around 88,300" did indeed occur late in Thursday's trade, thus putting pressure on most local and international lithium stocks in the candle since. Very little that's transpired since filming the video has changed, and I hope to provide regular updates to keep investors appraised of developments in the technicals in this sector down the track.

IMPORTANT DISCLAIMER: The content of this presentation is general in nature, does not constitute a recommendation, and does not take into account your financial situation, personal objectives or needs. Before acting upon any of the information in this presentation, you should consider it carefully, and then consider your objectives, financial situation and needs and take all reasonable steps to fully understand the possible outcomes of trades and strategies that can be employed. We recommend you seek independent financial advice to ensure that any information provided here is suited to your financial situation and requirements. Market Index and its data suppliers accept no responsibility for any claim, loss or damage as a result of information in this video. All information in this video is provided "as is" and without warranties of any kind either express or implied and is not intended for trading purposes.

 

Written By

Carl Capolingua

Content Editor

Carl has over 30-years investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.

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