DRONESHIELD LIMITED

- AUD (-)

- End-of-day data - Australia Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DRO
ISIN:	AU000000DRO2

DRONESHIELD LIMITED - Weekly - Technical analysis published on 04/13/2022 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.190 AUD

My targets

0.230 AUD (+4.55%)

0.237 AUD (+7.59%)

My analysis

The basic bullish trend is very strong on DRONESHIELD LIMITED 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 0.190 AUD. Crossing the first resistance at 0.230 AUD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.237 AUD as an objective. Crossing it would then enable buyers to target 0.290 AUD. Caution, a return to below 0.190 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DRONESHIELD LIMITED rating 0.220 AUD. The price registered an increase of +7.32% over 5 days and has been traded over the last 5 days between 0.205 AUD and 0.225 AUD. This implies that the 5 day price is +7.32% from its lowest point and -2.22% from its highest point.

0.205

0.225

0.220

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Weekly of this DRONESHIELD LIMITED chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.093	0.150	0.190	0.220	0.230	0.290	0.345
Change (%)	-57.73%	-31.82%	-13.64%	-	+4.55%	+31.82%	+56.82%
Change	-0.127	-0.070	-0.030	-	+0.010	+0.070	+0.125
Level	Minor	Major	Major	-	Intermediate	Minor	Minor

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	0.203	0.207	0.213	0.217	0.223	0.227	0.233
Camarilla	0.217	0.218	0.219	0.220	0.221	0.222	0.223
Woodie	0.205	0.208	0.215	0.218	0.225	0.228	0.235
Fibonacci	0.207	0.211	0.213	0.217	0.221	0.223	0.227

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.166	0.183	0.199	0.216	0.232	0.249	0.265
Camarilla	0.206	0.209	0.212	0.215	0.218	0.221	0.224
Woodie	0.166	0.183	0.199	0.216	0.232	0.249	0.265
Fibonacci	0.183	0.196	0.203	0.216	0.229	0.236	0.249

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.147	0.158	0.177	0.188	0.207	0.218	0.237
Camarilla	0.187	0.190	0.192	0.195	0.198	0.201	0.203
Woodie	0.150	0.160	0.180	0.190	0.210	0.220	0.240
Fibonacci	0.158	0.170	0.177	0.188	0.200	0.207	0.218

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):	67.76
MACD (12,26,9):	0.0070
Directional Movement:	22.735
AROON (14):	42.857
DEMA (21):	0.192
Parabolic SAR (0,02-0,02-0,2):	0.167
Elder Ray (13):	0.026
Super Trend (3,10):	0.164
Zig ZAG (10):	0.220
VORTEX (21):	1.0480
Stochastique (14,3,5):	82.14
TEMA (21):	0.198
Williams %R (14):	-17.81
Chande Momentum Oscillator (20):	0.045
Repulse (5,40,3):	8.3530
ROCnROLL:	1
TRIX (15,9):	0.0780
Courbe Coppock:	21.51

MA7:	0.211
MA20:	0.195
MA50:	0.181
MA100:	0.178
MAexp7:	0.198
MAexp20:	0.185
MAexp50:	0.180
MAexp100:	0.181
Price / MA7:	+4.27%
Price / MA20:	+12.82%
Price / MA50:	+21.55%
Price / MA100:	+23.60%
Price / MAexp7:	+11.11%
Price / MAexp20:	+18.92%
Price / MAexp50:	+22.22%
Price / MAexp100:	+21.55%

Quotes : - End-of-day data - Australia Stocks

News

The latest news and videos published on DRONESHIELD LIMITED at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15830

Number of analyses :

95253

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…