Technical Analysis for RMI - Resource Mining Corporation Limited  

Grade Last Price % Change Price Change
D 0.022 0.00% 0.000
RMI closed up 10.0 percent on Monday, May 13, 2024, on 1.85 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish 10.00%
Wide Bands Range Expansion 10.00%
Gapped Down Weakness 10.00%
Oversold Stochastic Weakness 10.00%

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Profile

Resource Mining Corporation Limited   Description

Resource Mining Corporation Limited is an Australia-based independent mineral resource company. The Company is engaged in mineral exploration in Papua New Guinea. It is engaged in the development of the Wowo Gap Nickel Laterite Project in southeast Papua New Guinea. The Wowo Gap Nickel Laterite Project is located approximately 200 kilometers east of the Papua New Guinea capital Port Moresby and approximately 30 kilometers from the town of Wanigela situated on Collingwood Bay. The Project hosts nickel-cobalt mineralization within the laterite profile overlying an ultramafic plateau. The Company's subsidiary, Niugini Nickel Limited, is the owner of exploration license 1165, which covers an area of over 90 square kilometers. The exploration license consists of over 30 sub blocks with an area of over 94.40 square kilometers. In addition to EL1165, it also owns an adjacent tenement, EL1980, which hosts potential extensions of the nickel bearing ultramafic unit extending from EL1165.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Mining Mineral Exploration Natural Sciences Nickel Cobalt Mineralization Wood Papua New Guinea Profile Mafic Laterite Tram Moresby Port Moresby Regolith Ultramafic Rock

Is RMI 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 0.1
52 Week Low 0.015
Average Volume 542,804
200-Day Moving Average 0.040
50-Day Moving Average 0.022
20-Day Moving Average 0.022
10-Day Moving Average 0.022
Average True Range 0.002
RSI (14) 54.95
ADX 18.77
+DI 38.889
-DI 31.111
Chandelier Exit (Long, 3 ATRs) 0.019
Chandelier Exit (Short, 3 ATRs) 0.025
Upper Bollinger Bands 0.026
Lower Bollinger Band 0.018
Percent B (%b) 0.49
BandWidth 33.484
MACD Line 0.000
MACD Signal Line 0.000
MACD Histogram -0.0002
Fundamentals Value
Market Cap 6.52 Million
Num Shares 296 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio -11.00
Price-to-Sales 0.00
Price-to-Book 0.11
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.022
Resistance 3 (R3) 0.022 0.022 0.022
Resistance 2 (R2) 0.022 0.022 0.022 0.022
Resistance 1 (R1) 0.022 0.022 0.022 0.022 0.022
Pivot Point 0.022 0.022 0.022 0.022 0.022
Support 1 (S1) 0.022 0.022 0.022 0.022 0.022
Support 2 (S2) 0.022 0.022 0.022 0.022
Support 3 (S3) 0.022 0.022 0.022
Support 4 (S4) 0.022