Technical Analysis for AKO - Akora Resources Limited

Grade Last Price % Change Price Change
D 0.160 3.23% 0.005
AKO closed down 6.06 percent on Thursday, May 16, 2024, on 1.87 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
Earnings due: May 30
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Up Up

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 3.23%
Fell Below 50 DMA Bearish 3.23%
Bollinger Band Squeeze Range Contraction 3.23%
Narrow Range Bar Range Contraction 3.23%
Gapped Down Weakness 3.23%
Crossed Above 20 DMA Bullish -3.03%
Crossed Above 200 DMA Bullish -3.03%
Crossed Above 50 DMA Bullish -3.03%
Expansion Pivot Buy Setup Bullish Swing Setup -3.03%
Pocket Pivot Bullish Swing Setup -3.03%

   Recent Intraday Alerts

Alert Time
3x Volume Pace about 2 hours ago
Rose Above Previous Day's High about 2 hours ago
Rose Above 50 DMA about 2 hours ago
Outside Day about 2 hours ago
Up 2% about 2 hours ago

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Profile

Akora Resources Limited engages in the exploration and development of iron ore projects in Madagascar. The company's flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. It has interests in 12 exploration licenses, which comprise three principal mineral assets covering land tenements of approximately 308 square kilometers. The company was formerly known as Indian Pacific Resources Limited. Akora Resources Limited was incorporated in 2009 and is based in Carlton North, Australia
Classification

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Keywords: Mining Iron Iron Ore

Is AKO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.225
52 Week Low 0.125
Average Volume 140,645
200-Day Moving Average 0.161
50-Day Moving Average 0.157
20-Day Moving Average 0.155
10-Day Moving Average 0.154
Average True Range 0.007
RSI (14) 50.25
ADX 11.94
+DI 29.626
-DI 23.348
Chandelier Exit (Long, 3 ATRs) 0.180
Chandelier Exit (Short, 3 ATRs) 0.165
Upper Bollinger Bands 0.167
Lower Bollinger Band 0.143
Percent B (%b) 0.5
BandWidth 15.742
MACD Line 0.000
MACD Signal Line -0.001
MACD Histogram 0.0007
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.155
Resistance 3 (R3) 0.155 0.155 0.155
Resistance 2 (R2) 0.155 0.155 0.155 0.155
Resistance 1 (R1) 0.155 0.155 0.155 0.155 0.155
Pivot Point 0.155 0.155 0.155 0.155 0.155
Support 1 (S1) 0.155 0.155 0.155 0.155 0.155
Support 2 (S2) 0.155 0.155 0.155 0.155
Support 3 (S3) 0.155 0.155 0.155
Support 4 (S4) 0.155