Technical Analysis for LIT - Litigation Capital Management Limited

Grade Last Price % Change Price Change
A 104.24 -0.72% -0.76
LIT closed down 2.76 percent on Thursday, September 28, 2023, on 53 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
New Downtrend Bearish -0.72%
Hammer Candlestick Bullish -0.72%
Lizard Bullish Bullish Day Trade Setup -0.72%
NR7 Range Contraction -0.72%
Doji - Bullish? Reversal -0.72%
Down 3 Days in a Row Weakness -0.72%
Down 4 Days in a Row Weakness -0.72%
Down 5 Days in a Row Weakness -0.72%
Gapped Down Weakness -0.72%
20 DMA Resistance Bearish -3.46%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 1% about 1 hour ago
Possible Inside Day about 21 hours ago
Possible NR7 about 21 hours ago
Fell Below Previous Day's Low 1 day ago
Down 5% 1 day ago

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Profile

Litigation Capital Management Limited Description

Litigation Capital Management Limited is engaged in the business of providing litigation financing and ancillary services to enable the recovery of funds from legal claims. The Company focuses on financing and management of Litigation Projects. The Company has provided litigation financing to over 40 Completed Litigation Projects, which consisted of approximately 190 cases. The Company sources the majority of its Litigation Projects through referral networks within the Australian legal, accounting and insolvency sectors. Insolvency practitioners represent a source of work as do solicitors within Australian firms who refer insolvency and commercial claims to it. It also receives direct applications. When considering whether to finance a Litigation Project, the Company undertakes analysis of the quantum of the Gross Claim Size and potential Recovery as compared to the likely costs and financing commitment required. The Company's subsidiary is LCM Litigation Fund Pty Ltd.


Classification

Sector: Financial Services
Industry: Credit Services
Keywords: Service Industries Law Capital Management Insolvency Solicitors Do S United Kingdom Company Law Practice Of Law Lawsuits Legal Costs Legal Financing Litigation Funding

Is LIT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 121.4747
52 Week Low 62.9869
Average Volume 283,256
200-Day Moving Average 80.13
50-Day Moving Average 100.53
20-Day Moving Average 109.75
10-Day Moving Average 112.43
Average True Range 4.94
RSI (14) 45.65
ADX 38.21
+DI 18.18
-DI 18.39
Chandelier Exit (Long, 3 ATRs) 106.66
Chandelier Exit (Short, 3 ATRs) 113.60
Upper Bollinger Bands 118.44
Lower Bollinger Band 101.07
Percent B (%b) 0.23
BandWidth 15.83
MACD Line 2.91
MACD Signal Line 4.20
MACD Histogram -1.2854
Fundamentals Value
Market Cap 121.44 Million
Num Shares 116 Million
EPS 11.10
Price-to-Earnings (P/E) Ratio 9.46
Price-to-Sales 2.92
Price-to-Book 1.44
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 109.28
Resistance 3 (R3) 108.80 106.90 108.56
Resistance 2 (R2) 106.90 105.81 107.14 108.32
Resistance 1 (R1) 105.95 105.14 106.43 106.43 108.09
Pivot Point 104.05 104.05 104.29 104.29 104.05
Support 1 (S1) 103.10 102.96 103.58 103.58 101.91
Support 2 (S2) 101.20 102.29 101.44 101.68
Support 3 (S3) 100.25 101.20 101.44
Support 4 (S4) 100.73