LYC 1.45% $6.82 lynas rare earths limited

Technical, page-1015

  1. 7,618 Posts.
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    Other negative indicators are when stock price crosses 50MA, 100 MA or 200M. Or when any of the MAs crosses a Longer one. Right now Price is below 50 Ma and 100 MA. but 50, 100, 200 all in order. If you Subtract 73 from todays date 5/3/22 you have 2/19/22. Which is 50 market days excluding holidays. Looking at LYC chart for that day you see price was lower than to day. Meaning 50 MA is still rising a little. If you look at 2/23 the price is 9.00 and moving up rapidly. If Lyc SP is flat that means after 2/23 50 MA will accelerate in a negative direction quickly crossing 100 MA, , about 5 days. Of course if Price goes up to about 11.00, 50 MA and 100 MA will diverge rapidly and not cross. AT 10 it will take longer but they will cross. Probably mid June

    I like to use calculus to find Displacement, Velocity and Acceleration quickly. Doing it visually takes longer. Once you are use to doing it you can do it visually just more work. Time will show if this means anything at all.

    If you look at Nasdaq composite which I feel is a good tell on LYC. all the crosses have been made.
    200MA = 14,603
    100 MA = 14,090
    50 Ma = 13,473
    Todays price 12 ,600
    S & P 500
    200MA = 4,491, 100 MA = 4,481 50 Ma = 4,374, Todays price = 4,189
    ASX 200
    Like in all past correction recessions the ASX is doing better than most other non AU exchanges. That is because many more stocks pay dividends and higher dividends smoothing out rapid changes. since LYC does not pay dividends, I am not sure ASX 200 is the place to look. But here it is. it will be interesting to look at ASX 200 3 days after US FOMC releases plans all the other are spreed too wide to have that change much.
    200 MA = 7,351
    200 ASX = 7,316
    50 MA = 7,307
    100 Ma =7,301

    This tells you far more about the future than looking at any single stock including LYC

    Many will say it is just doom and gloom CJ. I have made most of my money during big corrections. JMO It is far easier than an up market. Just need to know what type of stocks go up and what type go down and then do some careful buying and selling. Again JMO we are in the early stages and the bottom of this is at least a year away so still time left.
 
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Last
$6.82
Change
-0.100(1.45%)
Mkt cap ! $6.374B
Open High Low Value Volume
$6.92 $6.96 $6.77 $16.85M 2.469M

Buyers (Bids)

No. Vol. Price($)
1 40774 $6.81
 

Sellers (Offers)

Price($) Vol. No.
$6.82 1000 1
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Last trade - 16.10pm 16/09/2024 (20 minute delay) ?
LYC (ASX) Chart
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