EMERALD RESOURCES NL - Weekly - Technical analysis published on 03/04/2025 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 3.740 AUD
My targets
4.410 AUD (+8.89%)
My analysis
The basic bullish trend is very strong on EMERALD RESOURCES NL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 3.740 AUD. Crossing the first resistance at 4.410 AUD would be a sign of a potential new surge in the price. Caution, a return to below 3.740 AUD would be a sign of a consolidation phase in the short-term basic trend. 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.
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
7.5
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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 4.050 AUD. and was traded between - AUD and - AUD over the period. The price is currently at - from its lowest point and - from its highest point.-
-
4.050
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this EMERALD RESOURCES NL chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Weekly
In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.760 | 3.251 | 3.740 | 4.050 | 4.410 |
| Change (%) | -31.85% | -19.73% | -7.65% | - | +8.89% |
| Change | -1.290 | -0.799 | -0.310 | - | +0.360 |
| 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 | 3.717 | 3.803 | 3.927 | 4.013 | 4.137 | 4.223 | 4.347 |
| Camarilla | 3.992 | 4.012 | 4.031 | 4.050 | 4.069 | 4.089 | 4.108 |
| Woodie | 3.735 | 3.813 | 3.945 | 4.023 | 4.155 | 4.233 | 4.365 |
| Fibonacci | 3.803 | 3.884 | 3.933 | 4.013 | 4.094 | 4.143 | 4.223 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.737 | 3.833 | 3.907 | 4.003 | 4.077 | 4.173 | 4.247 |
| Camarilla | 3.933 | 3.949 | 3.964 | 3.980 | 3.996 | 4.011 | 4.027 |
| Woodie | 3.725 | 3.828 | 3.895 | 3.998 | 4.065 | 4.168 | 4.235 |
| Fibonacci | 3.833 | 3.898 | 3.938 | 4.003 | 4.068 | 4.108 | 4.173 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.150 | 3.540 | 3.760 | 4.150 | 4.370 | 4.760 | 4.980 |
| Camarilla | 3.812 | 3.868 | 3.924 | 3.980 | 4.036 | 4.092 | 4.148 |
| Woodie | 3.065 | 3.498 | 3.675 | 4.108 | 4.285 | 4.718 | 4.895 |
| Fibonacci | 3.540 | 3.773 | 3.917 | 4.150 | 4.383 | 4.527 | 4.760 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.04 | |
| MACD (12,26,9): | 0.1050 | |
| Directional Movement: | 7.584 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 4.007 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.512 | |
| Elder Ray (13): | 0.056 | |
| Super Trend (3,10): | 3.326 | |
| Zig ZAG (10): | 4.050 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 62.34 | |
| TEMA (21): | 4.020 | |
| Williams %R (14): | -37.41 | |
| Chande Momentum Oscillator (20): | 0.340 | |
| Repulse (5,40,3): | 2.0920 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 17.06 |
| MA7: | 4.046 | |
| MA20: | 4.196 | |
| MA50: | 3.781 | |
| MA100: | 3.833 | |
| MAexp7: | 4.023 | |
| MAexp20: | 3.884 | |
| MAexp50: | 3.647 | |
| MAexp100: | 3.157 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -3.48% | |
| Price / MA50: | +7.11% | |
| Price / MA100: | +5.66% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +4.27% | |
| Price / MAexp50: | +11.05% | |
| Price / MAexp100: | +28.29% |
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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