EMERALD RESOURCES NL - Daily - Technical analysis published on 04/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 3.410 AUD
My targets
3.668 AUD (+1.61%)
My analysis
The bullish trend is currently very strong on EMERALD RESOURCES NL. As long as the price remains above the support at 3.410 AUD, you could try to benefit from the boom. The first bullish objective is located at 3.668 AUD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EMERALD RESOURCES NL rating 3.610 AUD. The price has increased by +2.85% since the last closing and was traded between 3.500 AUD and 3.655 AUD over the period. The price is currently at +3.14% from its lowest and -1.23% from its highest.3.500
3.655
3.610
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EMERALD RESOURCES NL in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 2.760 | 3.180 | 3.410 | 3.610 |
| Change (%) | -23.55% | -11.91% | -5.54% | - |
| Change | -0.850 | -0.430 | -0.200 | - |
| Level | Intermediate | Minor | Major | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.367 | 3.433 | 3.522 | 3.588 | 3.677 | 3.743 | 3.832 |
| Camarilla | 3.567 | 3.582 | 3.596 | 3.610 | 3.624 | 3.638 | 3.653 |
| Woodie | 3.378 | 3.439 | 3.533 | 3.594 | 3.688 | 3.749 | 3.843 |
| Fibonacci | 3.433 | 3.493 | 3.529 | 3.588 | 3.648 | 3.684 | 3.743 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.053 | 3.197 | 3.393 | 3.537 | 3.733 | 3.877 | 4.073 |
| Camarilla | 3.497 | 3.528 | 3.559 | 3.590 | 3.621 | 3.652 | 3.684 |
| Woodie | 3.080 | 3.210 | 3.420 | 3.550 | 3.760 | 3.890 | 4.100 |
| Fibonacci | 3.197 | 3.327 | 3.407 | 3.537 | 3.667 | 3.747 | 3.877 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.213 | 2.467 | 2.698 | 2.952 | 3.183 | 3.437 | 3.668 |
| Camarilla | 2.797 | 2.841 | 2.886 | 2.930 | 2.975 | 3.019 | 3.063 |
| Woodie | 2.203 | 2.461 | 2.688 | 2.946 | 3.173 | 3.431 | 3.658 |
| Fibonacci | 2.467 | 2.652 | 2.766 | 2.952 | 3.137 | 3.251 | 3.437 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.34 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | 24.484 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 3.498 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.342 | |
| Elder Ray (13): | 0.177 | |
| Super Trend (3,10): | 3.181 | |
| Zig ZAG (10): | 3.610 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 89.15 | |
| TEMA (21): | 3.631 | |
| Williams %R (14): | -7.37 | |
| Chande Momentum Oscillator (20): | 0.680 | |
| Repulse (5,40,3): | 5.9040 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5580 | |
| Courbe Coppock: | 48.36 |
| MA7: | 3.554 | |
| MA20: | 3.185 | |
| MA50: | 3.067 | |
| MA100: | 3.010 | |
| MAexp7: | 3.517 | |
| MAexp20: | 3.304 | |
| MAexp50: | 3.136 | |
| MAexp100: | 2.996 | |
| Price / MA7: | +1.58% | |
| Price / MA20: | +13.34% | |
| Price / MA50: | +17.70% | |
| Price / MA100: | +19.93% | |
| Price / MAexp7: | +2.64% | |
| Price / MAexp20: | +9.26% | |
| Price / MAexp50: | +15.11% | |
| Price / MAexp100: | +20.49% |
Quotes :
-
End-of-day data
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Australia Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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