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 01/13/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.620 AUD

My targets

0.720 AUD (+9.92%)

0.840 AUD (+28.24%)

My analysis

AUSTRALASIAN METALS 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 0.620 AUD. The next resistance located at 0.720 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 0.840 AUD. After this resistance, buyers could then target 0.880 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.

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

8.6

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.

Additional analysis

Quotes

The AUSTRALASIAN METALS LIMITED rating is 0.655 AUD. On the day, this instrument gained +10.08% with the lowest point at 0.630 AUD and the highest point at 0.720 AUD. The deviation from the price is +3.97% for the low point and -9.03% for the high point.

0.630

0.720

0.655

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of AUSTRALASIAN METALS LIMITED in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.285	0.391	0.520	0.655	0.720	0.880
Change (%)	-56.49%	-40.31%	-20.61%	-	+9.92%	+34.35%
Change	-0.370	-0.264	-0.135	-	+0.065	+0.225
Level	Minor	Intermediate	Major	-	Minor	Major

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	0.527	0.578	0.617	0.668	0.707	0.758	0.797
Camarilla	0.630	0.639	0.647	0.655	0.663	0.672	0.680
Woodie	0.520	0.575	0.610	0.665	0.700	0.755	0.790
Fibonacci	0.578	0.613	0.634	0.668	0.703	0.724	0.758

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.413	0.457	0.518	0.562	0.623	0.667	0.728
Camarilla	0.551	0.561	0.570	0.580	0.590	0.599	0.609
Woodie	0.423	0.461	0.528	0.566	0.633	0.671	0.738
Fibonacci	0.457	0.497	0.522	0.562	0.602	0.627	0.667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.180	0.280	0.400	0.500	0.620	0.720	0.840
Camarilla	0.460	0.480	0.500	0.520	0.540	0.560	0.581
Woodie	0.190	0.285	0.410	0.505	0.630	0.725	0.850
Fibonacci	0.280	0.364	0.416	0.500	0.584	0.636	0.720

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.54
MACD (12,26,9):	0.0240
Directional Movement:	30.829
AROON (14):	92.857
DEMA (21):	0.562
Parabolic SAR (0,02-0,02-0,2):	0.448
Elder Ray (13):	0.120
Super Trend (3,10):	0.509
Zig ZAG (10):	0.655
VORTEX (21):	1.1150
Stochastique (14,3,5):	77.64
TEMA (21):	0.593
Williams %R (14):	-27.08
Chande Momentum Oscillator (20):	0.170
Repulse (5,40,3):	2.0980
ROCnROLL:	1
TRIX (15,9):	0.1270
Courbe Coppock:	41.50

MA7:	0.575
MA20:	0.517
MA50:	0.546
MA100:	0.472
MAexp7:	0.583
MAexp20:	0.540
MAexp50:	0.521
MAexp100:	0.448
Price / MA7:	+13.91%
Price / MA20:	+26.69%
Price / MA50:	+19.96%
Price / MA100:	+38.77%
Price / MAexp7:	+12.35%
Price / MAexp20:	+21.30%
Price / MAexp50:	+25.72%
Price / MAexp100:	+46.21%

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

News

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

Australasian Gold talks potential of new lithium tenement in Northern Territory

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

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