Technical Analysis for DES - DeSoto Resources Limited

Grade Last Price % Change Price Change
F 0.066 0.00% 0.000
DES closed down 13.16 percent on Thursday, May 9, 2024, on approximately normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Down 10% 6 days ago
Down 2 ATRs 6 days ago
Down 1 ATR 6 days ago
Fell Below Previous Day's Low 6 days ago
Down 5% 6 days ago

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Profile

Desoto Resources Limited, a mineral exploration company, focuses on the acquisition and exploration of gold and lithium deposits in the Northern Territory. It holds 100% interest in the Pine Creek project that consists of six granted licenses covering an area of 1,467 square kilometers located in the Northern Territory. The company was incorporated in 2022 and is based in West Perth, Australia.
Classification

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Keywords: Lithium

Is DES 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 0.2
52 Week Low 0.065
Average Volume 109,140
200-Day Moving Average 0.112
50-Day Moving Average 0.089
20-Day Moving Average 0.082
10-Day Moving Average 0.079
Average True Range 0.004
RSI (14) 35.06
ADX 33.51
+DI 19.689
-DI 63.903
Chandelier Exit (Long, 3 ATRs) 0.087
Chandelier Exit (Short, 3 ATRs) 0.077
Upper Bollinger Bands 0.093
Lower Bollinger Band 0.071
Percent B (%b) -0.21
BandWidth 26.928
MACD Line -0.005
MACD Signal Line -0.004
MACD Histogram -0.0009
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.068
Resistance 3 (R3) 0.067 0.067 0.067
Resistance 2 (R2) 0.067 0.066 0.067 0.067
Resistance 1 (R1) 0.066 0.066 0.067 0.067 0.067
Pivot Point 0.066 0.066 0.066 0.066 0.066
Support 1 (S1) 0.065 0.065 0.066 0.066 0.065
Support 2 (S2) 0.065 0.065 0.065 0.065
Support 3 (S3) 0.064 0.065 0.065
Support 4 (S4) 0.065