AUSTRALASIAN METALS LIMITED
AUSTRALASIAN METALS LIMITED
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: A8G
ISIN: AU0000141137

AUSTRALASIAN METALS LIMITED - Daily - Technical analysis published on 12/02/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.593 AUD
My targets
0.443 AUD (-4.67%)
0.392 AUD (-15.70%)
My analysis
The strong short-term decline in AUSTRALASIAN GOLD LIMITED calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.593 AUD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.443 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.392 AUD as an objective. Crossing it would then enable sellers to target 0.285 AUD. Be careful, a return to above 0.593 AUD could jeopardize the reversal.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.1

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.

Additional analysis

Quotes

AUSTRALASIAN GOLD LIMITED rating 0.465 AUD. The price registered a decrease of -1.06% on the session and was between 0.465 AUD and 0.485 AUD. This implies that the price is at 0% from its lowest and at -4.12% from its highest.

0.465
0.485
0.465

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

Central Gaps

Bearish opening

Type : Bearish

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 result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this Daily chart of AUSTRALASIAN GOLD LIMITED indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.130 0.285 0.392 0.465 0.605 0.685 0.880
Change (%) -72.04% -38.71% -15.70% - +30.11% +47.31% +89.25%
Change -0.335 -0.180 -0.073 - +0.140 +0.220 +0.415
Level Major Minor Minor - Minor Minor Major



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
Standard0.4380.4520.4580.4720.4780.4920.498
Camarilla0.4600.4610.4630.4650.4670.4690.471
Woodie0.4350.4500.4550.4700.4750.4900.495
Fibonacci0.4520.4590.4640.4720.4790.4840.492


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3080.3970.4430.5320.5780.6670.713
Camarilla0.4530.4650.4780.4900.5020.5150.527
Woodie0.2880.3860.4230.5210.5580.6560.693
Fibonacci0.3970.4480.4800.5320.5830.6150.667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0680.1930.3320.5930.7320.9931.132
Camarilla0.3600.3970.4330.4700.5070.5430.580
Woodie-0.1300.1630.2700.5630.6700.9631.070
Fibonacci0.1930.3460.4410.5930.7460.8410.993

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): 37.38
MACD (12,26,9): -0.0310
Directional Movement: -3.255
AROON (14): -64.285
DEMA (21): 0.537
Parabolic SAR (0,02-0,02-0,2): 0.743
Elder Ray (13): -0.066
Super Trend (3,10): 0.637
Zig ZAG (10): 0.465
VORTEX (21): 0.8720
Stochastique (14,3,5): 5.83
TEMA (21): 0.472
Williams %R (14): -97.50
Chande Momentum Oscillator (20): -0.185
Repulse (5,40,3): -10.0050
ROCnROLL: 2
TRIX (15,9): -0.1780
Courbe Coppock: 47.93
MA7: 0.501
MA20: 0.598
MA50: 0.570
MA100: 0.376
MAexp7: 0.505
MAexp20: 0.563
MAexp50: 0.532
MAexp100: 0.435
Price / MA7: -7.19%
Price / MA20: -22.24%
Price / MA50: -18.42%
Price / MA100: +23.67%
Price / MAexp7: -7.92%
Price / MAexp20: -17.41%
Price / MAexp50: -12.59%
Price / MAexp100: +6.90%

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

News


The last news published on AUSTRALASIAN GOLD 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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