Technical Analysis for ERM - Emmerson Resources Limited  

Grade Last Price % Change Price Change
A 0.064 1.59% 0.001
ERM closed unchanged on Thursday, November 21, 2024, on 1.16 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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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
Hammer Candlestick Bullish 1.59%
Doji - Bearish? Reversal 1.59%
Doji - Bullish? Reversal 1.59%
Wide Bands Range Expansion 1.59%
Overbought Stochastic Strength 1.59%
Narrow Range Bar Range Contraction 1.59%
Wide Bands Range Expansion 1.59%
Overbought Stochastic Strength 1.59%
Pocket Pivot Bullish Swing Setup 3.23%
Wide Bands Range Expansion 3.23%

   Recent Intraday Alerts

Alert Time
Hammer Candlestick Entry about 1 hour ago
Rose Above Previous Day's High about 1 hour ago
3x Volume Pace about 1 hour ago
2x Volume Pace about 1 hour ago
Up 1% about 1 hour ago

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Emmerson Resources Limited   Description

Emmerson Resources Limited (Emmerson) is engaged in exploration and evaluation of mineral interests. The Company's projects include the Tennant Creek Mineral Field (TCMF) in the Northern Territory (NT) and the Lachlan Fold Belt (LFB) in New South Wales (NSW). It holds approximately 2,500 square kilometers (km2) of ground in the TCMF. The TCMF is located approximately 500 kilometers north of Alice Springs. Its TCMF consists of gold and copper fields producing over 5.5 million ounces (Mozs) of gold and approximately 470,000 tons of copper from a range of deposits, including Gecko, Orlando, Warrego, White Devil, Chariot and Golden Forty, which are within Emmerson Resources portfolio. Its NSW project includes Wellington Project, which covers an area of approximately 390 km2; Fifield Project, which covers an area of approximately 66 km2; Temora Project, which covers an area of approximately 203 km2, and Parkes Project, which covers an area of approximately 109 km2.


Classification

Sector: Basic Materials
Industry: Gold
Keywords: Exploration Gold Copper Lachlan Lachlan Fold Belt Tennant Tennant Creek Fifield

Is ERM 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 0.067
52 Week Low 0.039
Average Volume 276,956
200-Day Moving Average 0.051
50-Day Moving Average 0.050
20-Day Moving Average 0.054
10-Day Moving Average 0.060
Average True Range 0.003
RSI (14) 66.67
ADX 38.0
+DI 40.503
-DI 15.103
Chandelier Exit (Long, 3 ATRs) 0.053
Chandelier Exit (Short, 3 ATRs) 0.055
Upper Bollinger Bands 0.068
Lower Bollinger Band 0.041
Percent B (%b) 0.81
BandWidth 51.103
MACD Line 0.004
MACD Signal Line 0.003
MACD Histogram 0.0009
Fundamentals Value
Market Cap 30.42 Million
Num Shares 483 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio -21.00
Price-to-Sales 454.45
Price-to-Book 2.30
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.068
Resistance 3 (R3) 0.067 0.065 0.067
Resistance 2 (R2) 0.065 0.064 0.065 0.066
Resistance 1 (R1) 0.064 0.063 0.065 0.065 0.066
Pivot Point 0.062 0.062 0.062 0.062 0.062
Support 1 (S1) 0.061 0.061 0.062 0.062 0.060
Support 2 (S2) 0.059 0.060 0.059 0.060
Support 3 (S3) 0.058 0.059 0.059
Support 4 (S4) 0.059