Technical Analysis for NWM - NORWEST MINERALS LIMITED

Grade Last Price % Change Price Change
B 0.043 7.50% 0.003
NWM closed up 14.29 percent on Wednesday, May 15, 2024, on 6.31 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. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 7.50%
Shooting Star Candlestick Bearish 7.50%
Lizard Bearish Bearish Day Trade Setup 7.50%
Crossed Above 200 DMA Bullish 7.50%
Crossed Above 50 DMA Bullish 7.50%
New Uptrend Bullish 7.50%
Pocket Pivot Bullish Swing Setup 7.50%
Volume Surge Other 7.50%
Wide Range Bar Range Expansion 7.50%
Doji - Bearish? Reversal 7.50%

   Recent Intraday Alerts

Alert Time
1.5x Volume Pace about 1 hour ago
Up 10% about 1 hour ago
Up 1 ATR about 1 hour ago
Rose Above 20 DMA about 2 hours ago
Up 5% about 2 hours ago

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Profile

NORWEST MINERALS LIMITED Description

Norwest Minerals Ltd is an Australia-based gold and base metals exploration company. The Company is focused on exploring its portfolio of gold and base-metal projects, which are all located in Western Australia. Its projects include Bali Project, Warriedar Project, Arunta West Project, Marymia Project and the Marriotts Project. The Bali Project is a copper and base metals exploration license, located approximately 250 kilometers (km) west of Newman in the Ashburton region of Western Australia. Warriedar Project is a gold project located approximately 420 km northeast of Perth. Arunta West Project is an iron oxide copper-gold (IOCG) project located 600 km west of Alice Springs. Marymia Project is a gold and copper project located approximately 900 km north of Perth and targets orogenic-gold and volcanogenic massive sulphide (VMS) copper/base metal mineralization. The Company’s Marriotts Project is a nickel project located approximately 70 km south of Leinster and 80 km north of Leonora.


Classification

Sector: Basic Materials
Industry: Gold
Keywords: Exploration Gold Chemistry Metal Copper Natural Sciences Minerals Metals Nickel Iron Base Metal Mineralization Leonora Base Metal Projects Iron Oxide Copper Gold Ore Deposits Base Metal Mineralization Warriedar

Is NWM 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 0.077
52 Week Low 0.023
Average Volume 833,548
200-Day Moving Average 0.036
50-Day Moving Average 0.037
20-Day Moving Average 0.043
10-Day Moving Average 0.038
Average True Range 0.005
RSI (14) 51.46
ADX 25.08
+DI 37.946
-DI 24.405
Chandelier Exit (Long, 3 ATRs) 0.039
Chandelier Exit (Short, 3 ATRs) 0.045
Upper Bollinger Bands 0.055
Lower Bollinger Band 0.031
Percent B (%b) 0.38
BandWidth 55.944
MACD Line -0.001
MACD Signal Line 0.001
MACD Histogram -0.0014
Fundamentals Value
Market Cap 4.35 Million
Num Shares 109 Million
EPS -0.05
Price-to-Earnings (P/E) Ratio -0.87
Price-to-Sales 0.00
Price-to-Book 0.87
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.057
Resistance 3 (R3) 0.058 0.053 0.054
Resistance 2 (R2) 0.053 0.049 0.053 0.053
Resistance 1 (R1) 0.047 0.047 0.046 0.046 0.052
Pivot Point 0.042 0.042 0.042 0.042 0.042
Support 1 (S1) 0.036 0.038 0.035 0.035 0.028
Support 2 (S2) 0.031 0.036 0.031 0.027
Support 3 (S3) 0.025 0.031 0.026
Support 4 (S4) 0.024