EMERALD RESOURCES NL - Daily - Technical analysis published on 07/19/2024 (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
89%
0%
11%
My opinion
Bullish above 3.920 AUD
My targets
4.210 AUD (+4.21%)
4.490 AUD (+11.14%)
My analysis
EMERALD RESOURCES NL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.920 AUD. The next resistance located at 4.210 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.490 AUD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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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 4.040 AUD. On the day, this instrument gained +0.50% and was between 3.900 AUD and 4.050 AUD. This implies that the price is at +3.59% from its lowest and at -0.25% from its highest.3.900
4.050
4.040
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
A technical analysis in Daily of this EMERALD RESOURCES NL chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3.180 | 3.410 | 3.920 | 4.040 |
| Change (%) | -21.29% | -15.59% | -2.97% | - |
| Change | -0.860 | -0.630 | -0.120 | - |
| Level | Minor | Minor | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.793 | 3.847 | 3.943 | 3.997 | 4.093 | 4.147 | 4.243 |
| Camarilla | 3.999 | 4.013 | 4.026 | 4.040 | 4.054 | 4.068 | 4.081 |
| Woodie | 3.815 | 3.858 | 3.965 | 4.008 | 4.115 | 4.158 | 4.265 |
| Fibonacci | 3.847 | 3.904 | 3.939 | 3.997 | 4.054 | 4.089 | 4.147 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.378 | 3.527 | 3.773 | 3.922 | 4.168 | 4.317 | 4.563 |
| Camarilla | 3.911 | 3.948 | 3.984 | 4.020 | 4.056 | 4.092 | 4.129 |
| Woodie | 3.428 | 3.551 | 3.823 | 3.946 | 4.218 | 4.341 | 4.613 |
| Fibonacci | 3.527 | 3.678 | 3.771 | 3.922 | 4.073 | 4.166 | 4.317 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.630 | 2.970 | 3.250 | 3.590 | 3.870 | 4.210 | 4.490 |
| Camarilla | 3.360 | 3.416 | 3.473 | 3.530 | 3.587 | 3.644 | 3.701 |
| Woodie | 2.600 | 2.955 | 3.220 | 3.575 | 3.840 | 4.195 | 4.460 |
| Fibonacci | 2.970 | 3.207 | 3.353 | 3.590 | 3.827 | 3.973 | 4.210 |
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): | 69.24 | |
| MACD (12,26,9): | 0.1230 | |
| Directional Movement: | 19.232 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 3.939 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.795 | |
| Elder Ray (13): | 0.103 | |
| Super Trend (3,10): | 3.699 | |
| Zig ZAG (10): | 4.040 | |
| VORTEX (21): | 1.1160 | |
| Stochastique (14,3,5): | 86.82 | |
| TEMA (21): | 4.030 | |
| Williams %R (14): | -14.49 | |
| Chande Momentum Oscillator (20): | 0.530 | |
| Repulse (5,40,3): | 1.1880 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2840 | |
| Courbe Coppock: | 29.16 |
| MA7: | 3.984 | |
| MA20: | 3.708 | |
| MA50: | 3.685 | |
| MA100: | 3.440 | |
| MAexp7: | 3.965 | |
| MAexp20: | 3.802 | |
| MAexp50: | 3.660 | |
| MAexp100: | 3.484 | |
| Price / MA7: | +1.41% | |
| Price / MA20: | +8.95% | |
| Price / MA50: | +9.63% | |
| Price / MA100: | +17.44% | |
| Price / MAexp7: | +1.89% | |
| Price / MAexp20: | +6.26% | |
| Price / MAexp50: | +10.38% | |
| Price / MAexp100: | +15.96% |
Quotes :
-
End-of-day data
-
Australia Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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