Technical Analysis for DES - DeSoto Resources Limited
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 0.115 | 9.52% | 0.010 |
DES closed up 9.52 percent on Friday, September 27, 2024, on 1.61 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Stochastic Buy Signal | Bullish | 0.00% | |
| Expansion Pivot Buy Setup | Bullish Swing Setup | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Stochastic Buy Signal | Bullish | 9.52% | |
| Narrow Range Bar | Range Contraction | 9.52% | |
| Oversold Stochastic | Weakness | 9.52% |
| Alert | Time |
|---|---|
| Possible Pocket Pivot | 2 days ago |
| Up 10% | 2 days ago |
| Gapped Up (Full) | 2 days ago |
| Rose Above Previous Day's High | 2 days ago |
| Rose Above 50 DMA | 2 days ago |
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Basic chart:
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.
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Keywords: Lithium
Classification
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Keywords: Lithium
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 0.17 |
| 52 Week Low | 0.065 |
| Average Volume | 136,025 |
| 200-Day Moving Average | 0.104 |
| 50-Day Moving Average | 0.113 |
| 20-Day Moving Average | 0.117 |
| 10-Day Moving Average | 0.112 |
| Average True Range | 0.006 |
| RSI (14) | 50.74 |
| ADX | 22.83 |
| +DI | 37.302 |
| -DI | 33.560 |
| Chandelier Exit (Long, 3 ATRs) | 0.116 |
| Chandelier Exit (Short, 3 ATRs) | 0.124 |
| Upper Bollinger Bands | 0.131 |
| Lower Bollinger Band | 0.102 |
| Percent B (%b) | 0.45 |
| BandWidth | 25.579 |
| MACD Line | -0.002 |
| MACD Signal Line | 0.000 |
| MACD Histogram | -0.0015 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 0.130 | ||||
| Resistance 3 (R3) | 0.130 | 0.125 | 0.128 | ||
| Resistance 2 (R2) | 0.125 | 0.121 | 0.125 | 0.127 | |
| Resistance 1 (R1) | 0.120 | 0.119 | 0.123 | 0.120 | 0.126 |
| Pivot Point | 0.115 | 0.115 | 0.116 | 0.115 | 0.115 |
| Support 1 (S1) | 0.110 | 0.111 | 0.113 | 0.110 | 0.104 |
| Support 2 (S2) | 0.105 | 0.109 | 0.105 | 0.103 | |
| Support 3 (S3) | 0.100 | 0.105 | 0.103 | ||
| Support 4 (S4) | 0.100 |
