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 - Daily - Technical analysis published on 05/15/2024 (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

78%

11%

My opinion

Bullish above 0.930 AUD

My targets

1.060 AUD (+10.42%)

1.120 AUD (+16.67%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DRONESHIELD LIMITED as long as the price remains well above 0.930 AUD. The buyers' bullish objective is set at 1.060 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.120 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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

The DRONESHIELD LIMITED price is 0.960 AUD. The price is lower by -2.04% since the last closing and was between 0.955 AUD and 1.010 AUD. This implies that the price is at +0.52% from its lowest and at -4.95% from its highest.

0.955

1.010

0.960

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of DRONESHIELD LIMITED indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.595	0.795	0.930	0.960	1.120
Change (%)	-38.02%	-17.19%	-3.13%	-	+16.67%
Change	-0.365	-0.165	-0.030	-	+0.160
Level	Intermediate	Intermediate	Major	-	Intermediate

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	0.885	0.920	0.940	0.975	0.995	1.030	1.050
Camarilla	0.945	0.950	0.955	0.960	0.965	0.970	0.975
Woodie	0.878	0.916	0.933	0.971	0.988	1.026	1.043
Fibonacci	0.920	0.941	0.954	0.975	0.996	1.009	1.030

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.722	0.768	0.862	0.908	1.002	1.048	1.142
Camarilla	0.917	0.929	0.942	0.955	0.968	0.981	0.994
Woodie	0.745	0.780	0.885	0.920	1.025	1.060	1.165
Fibonacci	0.768	0.822	0.855	0.908	0.962	0.995	1.048

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.290	0.525	0.675	0.910	1.060	1.295	1.445
Camarilla	0.719	0.754	0.790	0.825	0.860	0.896	0.931
Woodie	0.248	0.504	0.633	0.889	1.018	1.274	1.403
Fibonacci	0.525	0.672	0.763	0.910	1.057	1.148	1.295

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):	61.02
MACD (12,26,9):	0.0410
Directional Movement:	24.021
AROON (14):	78.571
DEMA (21):	0.935
Parabolic SAR (0,02-0,02-0,2):	0.789
Elder Ray (13):	0.081
Super Trend (3,10):	1.017
Zig ZAG (10):	0.960
VORTEX (21):	0.9830
Stochastique (14,3,5):	87.24
TEMA (21):	0.937
Williams %R (14):	-21.46
Chande Momentum Oscillator (20):	0.130
Repulse (5,40,3):	1.0760
ROCnROLL:	1
TRIX (15,9):	0.6140
Courbe Coppock:	3.58

MA7:	0.921
MA20:	0.898
MA50:	0.792
MA100:	0.641
MAexp7:	0.927
MAexp20:	0.882
MAexp50:	0.798
MAexp100:	0.679
Price / MA7:	+4.23%
Price / MA20:	+6.90%
Price / MA50:	+21.21%
Price / MA100:	+49.77%
Price / MAexp7:	+3.56%
Price / MAexp20:	+8.84%
Price / MAexp50:	+20.30%
Price / MAexp100:	+41.38%

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

News

The last news published on DRONESHIELD LIMITED at the time of the generation of this analysis was as follows:

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

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