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 07/16/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.143 AUD

My targets

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 2.143 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

8.9

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 rating is 2.600 AUD. The price has increased by +11.11% since the last closing and was between 2.410 AUD and 2.600 AUD. This implies that the price is at +7.88% from its lowest and at 0% from its highest.

2.410

2.600

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

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

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

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of DRONESHIELD LIMITED in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.930	1.120	1.700	2.600
Change (%)	-64.23%	-56.92%	-34.62%	-
Change	-1.670	-1.480	-0.900	-
Level	Minor	Major	Minor	-

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	2.283	2.347	2.473	2.537	2.663	2.727	2.853
Camarilla	2.548	2.565	2.583	2.600	2.617	2.635	2.652
Woodie	2.315	2.363	2.505	2.553	2.695	2.743	2.885
Fibonacci	2.347	2.419	2.464	2.537	2.609	2.654	2.727

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.610	1.760	2.050	2.200	2.490	2.640	2.930
Camarilla	2.219	2.259	2.300	2.340	2.380	2.421	2.461
Woodie	1.680	1.795	2.120	2.235	2.560	2.675	3.000
Fibonacci	1.760	1.928	2.032	2.200	2.368	2.472	2.640

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):	86.20
MACD (12,26,9):	0.2780
Directional Movement:	43.656
AROON (14):	92.857
DEMA (21):	2.259
Parabolic SAR (0,02-0,02-0,2):	1.910
Elder Ray (13):	0.443
Super Trend (3,10):	2.037
Zig ZAG (10):	2.600
VORTEX (21):	1.2660
Stochastique (14,3,5):	96.14
TEMA (21):	2.374
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.960
Repulse (5,40,3):	17.8830
ROCnROLL:	1
TRIX (15,9):	2.2590
Courbe Coppock:	81.90

MA7:	2.194
MA20:	1.858
MA50:	1.392
MA100:	1.078
MAexp7:	2.237
MAexp20:	1.912
MAexp50:	1.522
MAexp100:	1.197
Price / MA7:	+18.51%
Price / MA20:	+39.94%
Price / MA50:	+86.78%
Price / MA100:	+141.19%
Price / MAexp7:	+16.23%
Price / MAexp20:	+35.98%
Price / MAexp50:	+70.83%
Price / MAexp100:	+117.21%

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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