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 07/04/2024 (GMT)

Londinia

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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

94%

My opinion

Bullish above 1.538 AUD

My targets

2.143 AUD (+11.05%)

2.537 AUD (+31.44%)

My analysis

DRONESHIELD LIMITED 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 1.538 AUD. The next resistance located at 2.143 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.537 AUD. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 1.930 AUD. The price registered an increase of +17.68% over 5 days with the lowest point at 1.625 AUD and the highest point at 1.930 AUD. The deviation from the price is +18.77% for the low point and 0% for the high point.

1.625

1.930

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DRONESHIELD LIMITED:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on DRONESHIELD LIMITED were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Weekly of this DRONESHIELD LIMITED chart shows a strongly 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.420	0.930	1.120	1.930
Change (%)	-78.24%	-51.81%	-41.97%	-
Change	-1.510	-1.000	-0.810	-
Level	Minor	Minor	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.772	1.803	1.867	1.898	1.962	1.993	2.057
Camarilla	1.904	1.913	1.921	1.930	1.939	1.947	1.956
Woodie	1.788	1.811	1.883	1.906	1.978	2.001	2.073
Fibonacci	1.803	1.840	1.862	1.898	1.935	1.957	1.993

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.177	1.293	1.507	1.623	1.837	1.953	2.167
Camarilla	1.629	1.660	1.690	1.720	1.750	1.781	1.811
Woodie	1.225	1.318	1.555	1.648	1.885	1.978	2.215
Fibonacci	1.293	1.419	1.497	1.623	1.749	1.827	1.953

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.722	0.933	1.327	1.538	1.932	2.143	2.537
Camarilla	1.554	1.609	1.665	1.720	1.776	1.831	1.886
Woodie	0.813	0.979	1.418	1.584	2.023	2.189	2.628
Fibonacci	0.933	1.164	1.307	1.538	1.769	1.912	2.143

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):	84.94
MACD (12,26,9):	0.3070
Directional Movement:	44.606
AROON (14):	100.000
DEMA (21):	1.481
Parabolic SAR (0,02-0,02-0,2):	0.893
Elder Ray (13):	0.490
Super Trend (3,10):	1.161
Zig ZAG (10):	1.930
VORTEX (21):	1.2210
Stochastique (14,3,5):	95.72
TEMA (21):	1.661
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	1.075
Repulse (5,40,3):	42.5090
ROCnROLL:	1
TRIX (15,9):	4.9370
Courbe Coppock:	192.36

MA7:	1.690
MA20:	1.538
MA50:	1.179
MA100:	0.958
MAexp7:	1.516
MAexp20:	1.117
MAexp50:	0.763
MAexp100:	0.549
Price / MA7:	+14.20%
Price / MA20:	+25.49%
Price / MA50:	+63.70%
Price / MA100:	+101.46%
Price / MAexp7:	+27.31%
Price / MAexp20:	+72.78%
Price / MAexp50:	+152.95%
Price / MAexp100:	+251.55%

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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