EMERALD RESOURCES NL - Weekly - Technical analysis published on 02/24/2025 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 3.740 AUD
My targets
4.410 AUD (+10.25%)
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 3.740 AUD. The next resistance located at 4.410 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 4.000 AUD. The price is lower by -1.72% over the 5 days and was traded between 3.930 AUD and 4.270 AUD over the period. The price is currently at +1.78% from its lowest point and -6.32% from its highest point.3.930
4.270
4.000
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EMERALD RESOURCES NL:
Technical
Technical analysis of EMERALD RESOURCES NL in Weekly 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, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bullish
Timeframe : Weekly
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
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.760 | 3.251 | 3.740 | 4.000 | 4.410 |
| Change (%) | -31.00% | -18.73% | -6.50% | - | +10.25% |
| Change | -1.240 | -0.749 | -0.260 | - | +0.410 |
| Level | Intermediate | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.830 | 3.880 | 3.940 | 3.990 | 4.050 | 4.100 | 4.160 |
| Camarilla | 3.970 | 3.980 | 3.990 | 4.000 | 4.010 | 4.020 | 4.030 |
| Woodie | 3.835 | 3.883 | 3.945 | 3.993 | 4.055 | 4.103 | 4.165 |
| Fibonacci | 3.880 | 3.922 | 3.948 | 3.990 | 4.032 | 4.058 | 4.100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.697 | 3.843 | 3.977 | 4.123 | 4.257 | 4.403 | 4.537 |
| Camarilla | 4.033 | 4.059 | 4.084 | 4.110 | 4.136 | 4.161 | 4.187 |
| Woodie | 3.690 | 3.840 | 3.970 | 4.120 | 4.250 | 4.400 | 4.530 |
| Fibonacci | 3.843 | 3.950 | 4.016 | 4.123 | 4.230 | 4.296 | 4.403 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.470 | 2.850 | 3.590 | 3.970 | 4.710 | 5.090 | 5.830 |
| Camarilla | 4.022 | 4.125 | 4.227 | 4.330 | 4.433 | 4.535 | 4.638 |
| Woodie | 2.650 | 2.940 | 3.770 | 4.060 | 4.890 | 5.180 | 6.010 |
| Fibonacci | 2.850 | 3.278 | 3.542 | 3.970 | 4.398 | 4.662 | 5.090 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.07 | |
| MACD (12,26,9): | 0.1040 | |
| Directional Movement: | 8.896 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 3.989 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.447 | |
| Elder Ray (13): | 0.062 | |
| Super Trend (3,10): | 3.326 | |
| Zig ZAG (10): | 4.000 | |
| VORTEX (21): | 1.0280 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 4.001 | |
| Williams %R (14): | -41.22 | |
| Chande Momentum Oscillator (20): | 0.350 | |
| Repulse (5,40,3): | 2.4330 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1540 | |
| Courbe Coppock: | 11.35 |
| MA7: | 4.081 | |
| MA20: | 4.179 | |
| MA50: | 3.767 | |
| MA100: | 3.826 | |
| MAexp7: | 4.019 | |
| MAexp20: | 3.868 | |
| MAexp50: | 3.632 | |
| MAexp100: | 3.139 | |
| Price / MA7: | -1.98% | |
| Price / MA20: | -4.28% | |
| Price / MA50: | +6.19% | |
| Price / MA100: | +4.55% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | +3.41% | |
| Price / MAexp50: | +10.13% | |
| Price / MAexp100: | +27.43% |
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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