CORE LITHIUM LTD - Weekly - Technical analysis published on 01/09/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 1.060 AUD
My targets
1.285 AUD (+6.64%)
1.307 AUD (+8.44%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.060 AUD remains possible. It is advisable to trade CORE LITHIUM LTD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.060 AUD. The next bullish objective for buyers is set at 1.285 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.307 AUD. If there is any crossing, the next objective would be the resistance located at 1.600 AUD. PS: if there is a bearish break in the support located at 1.060 AUD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7
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This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CORE LITHIUM LTD rating is 1.205 AUD. The price is up +17.56% over 5 days and was traded between 1.040 AUD and 1.205 AUD over the period. The price is currently at +15.87% from its lowest point and 0% from its highest point.1.040
1.205
1.205
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this CORE LITHIUM LTD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.645 | 0.840 | 1.060 | 1.205 | 1.285 | 1.600 | 1.865 |
| Change (%) | -46.47% | -30.29% | -12.03% | - | +6.64% | +32.78% | +54.77% |
| Change | -0.560 | -0.365 | -0.145 | - | +0.080 | +0.395 | +0.660 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.005 | 1.045 | 1.125 | 1.165 | 1.245 | 1.285 | 1.365 |
| Camarilla | 1.172 | 1.183 | 1.194 | 1.205 | 1.216 | 1.227 | 1.238 |
| Woodie | 1.025 | 1.055 | 1.145 | 1.175 | 1.265 | 1.295 | 1.385 |
| Fibonacci | 1.045 | 1.091 | 1.119 | 1.165 | 1.211 | 1.239 | 1.285 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.863 | 0.902 | 0.963 | 1.002 | 1.063 | 1.102 | 1.163 |
| Camarilla | 0.998 | 1.007 | 1.016 | 1.025 | 1.034 | 1.043 | 1.053 |
| Woodie | 0.875 | 0.908 | 0.975 | 1.008 | 1.075 | 1.108 | 1.175 |
| Fibonacci | 0.902 | 0.940 | 0.964 | 1.002 | 1.040 | 1.064 | 1.102 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.377 | 0.658 | 0.842 | 1.123 | 1.307 | 1.588 | 1.772 |
| Camarilla | 0.897 | 0.940 | 0.982 | 1.025 | 1.068 | 1.110 | 1.153 |
| Woodie | 0.328 | 0.634 | 0.793 | 1.099 | 1.258 | 1.564 | 1.723 |
| Fibonacci | 0.658 | 0.836 | 0.946 | 1.123 | 1.301 | 1.411 | 1.588 |
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): | 49.47 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | 7.777 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 1.236 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.707 | |
| Elder Ray (13): | -0.112 | |
| Super Trend (3,10): | 0.889 | |
| Zig ZAG (10): | 1.205 | |
| VORTEX (21): | 0.9360 | |
| Stochastique (14,3,5): | 13.03 | |
| TEMA (21): | 1.147 | |
| Williams %R (14): | -71.66 | |
| Chande Momentum Oscillator (20): | 0.050 | |
| Repulse (5,40,3): | 9.9740 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3460 | |
| Courbe Coppock: | 20.42 |
| MA7: | 1.045 | |
| MA20: | 1.083 | |
| MA50: | 1.293 | |
| MA100: | 1.322 | |
| MAexp7: | 1.164 | |
| MAexp20: | 1.230 | |
| MAexp50: | 1.122 | |
| MAexp100: | 0.879 | |
| Price / MA7: | +15.31% | |
| Price / MA20: | +11.27% | |
| Price / MA50: | -6.81% | |
| Price / MA100: | -8.85% | |
| Price / MAexp7: | +3.52% | |
| Price / MAexp20: | -2.03% | |
| Price / MAexp50: | +7.40% | |
| Price / MAexp100: | +37.09% |
Quotes :
-
End-of-day data
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Australia Stocks
News
The last news published on CORE LITHIUM LTD at the time of the generation of this analysis was as follows:
- Core Exploration Ltd (CXO.AX) Change of Company Name - Core Lithium Ltd
- Core Exploration Ltd (CXO.AX) New Lithium Intersections at Lees-Booths Link Prospect
- Core Exploration Ltd (CXO.AX) 2018 AGM Chairman's Address
- Core Exploration Ltd (CXO.AX) Over 50% Increase in BP33 Lithium Resource to Boost DFS
- Core Exploration Ltd (CXO.AX) Exploration Further Boosts Finniss Lithium Project Potential
This member declared not having a position on this financial instrument or a related financial instrument.
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