LIT Stock Summary and Trading Ideas (Global X Lithium & Battery Tech ETF | ARCA:LIT)

The Global X Lithium & Battery Tech ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

Global X Lithium & Battery Tech ETF trades on the ARCA stock market under the symbol LIT.

As of April 18, 2024, LIT stock price declined to $42.91 with 272,605 million shares trading.

LIT has a beta of 1.12, meaning it tends to be more sensitive to market movements. LIT has a correlation of 0.24 to the broad based SPY ETF.

LIT has a market cap of $1.54 billion. This is considered a Small Cap stock.

In the last 3 years, LIT stock traded as high as $97.13 and as low as $39.26.

LIT has underperformed the market in the last year with a price return of -31.4% while the SPY ETF gained +22.3%. LIT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.0% and -6.3%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

LIT support price is $42.37 and resistance is $43.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LIT stock will trade within this expected range on the day.