Technical Analysis for AKO - Akora Resources Limited

Grade Last Price % Change Price Change
B 0.165 6.45% 0.010
AKO closed up 6.45 percent on Wednesday, May 15, 2024, on 1.87 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above 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 Up Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
MACD Bullish Signal Line Cross Bullish 6.45%
Bollinger Band Squeeze Range Contraction 6.45%
Narrow Range Bar Range Contraction 6.45%
Pocket Pivot Bullish Swing Setup 6.45%

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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 136,227
200-Day Moving Average 0.161
50-Day Moving Average 0.156
20-Day Moving Average 0.156
10-Day Moving Average 0.154
Average True Range 0.006
RSI (14) 59.35
ADX 11.95
+DI 33.333
-DI 26.207
Chandelier Exit (Long, 3 ATRs) 0.181
Chandelier Exit (Short, 3 ATRs) 0.164
Upper Bollinger Bands 0.171
Lower Bollinger Band 0.141
Percent B (%b) 0.8
BandWidth 19.231
MACD Line 0.000
MACD Signal Line -0.001
MACD Histogram 0.0009
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.180
Resistance 3 (R3) 0.178 0.172 0.178
Resistance 2 (R2) 0.172 0.168 0.173 0.177
Resistance 1 (R1) 0.168 0.165 0.170 0.170 0.176
Pivot Point 0.162 0.162 0.163 0.163 0.162
Support 1 (S1) 0.158 0.158 0.160 0.160 0.154
Support 2 (S2) 0.152 0.155 0.153 0.153
Support 3 (S3) 0.148 0.152 0.153
Support 4 (S4) 0.150