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    Technical Analysis for LM8 - Lunnon Metals Limited

    Grade Last Price % Change Price Change
    C 0.220 -12.00% -0.030
    LM8 closed down 5.66 percent on Thursday, November 14, 2024, on 20 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 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.
    3 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Down Down Down
    Historical LM8 trend table...
    Date Alert Name Type % Chg
    Fell Below 50 DMA Bearish -12.00%
    MACD Bearish Centerline Cross Bearish -12.00%
    Hammer Candlestick Bullish -12.00%
    Lizard Bullish Bullish Day Trade Setup -12.00%
    Narrow Range Bar Range Contraction -12.00%
    Doji - Bullish? Reversal -12.00%
    Lower Bollinger Band Walk Weakness -12.00%
    Wide Bands Range Expansion -12.00%
    Gapped Down Weakness -12.00%
    Oversold Stochastic Weakness -12.00%
    Older End-of-Day Signals for LM8 ...

       Recent Intraday Alerts

    Alert Time
    Down 10% about 1 hour ago
    Down 1 ATR about 3 hours ago
    Fell Below Previous Day's Low about 3 hours ago
    Down 5% about 3 hours ago
    Down 3% about 3 hours ago
    View Earlier Intraday Alerts

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    LM8 Chart by TradingView
    Basic chart:

    Profile

    Lunnon Metals Limited focuses on the exploration of nickel and gold in Australia. Its projects include Kambalda Nickel project located to the south-southeast of Kalgoorlie within the Kambalda Nickel District, Eastern Goldfields, Western Australia. The company was formerly known as ACH Nickel Pty Ltd and changed its name to Lunnon Metals Limited in February 2021. Lunnon Metals Limited was incorporated in 2014 and is based in West Perth, Australia.
    Classification
    Sector: Basic Materials
    Industry: Other Industrial Metals & Mining
    Keywords: Goldfields Esperance Yilgarn Craton Eastern Goldfields Vale Limited Australian Gold Rushes Nickel Mining In Western Australia Goldfields Water Supply Scheme Kambalda

    Is LM8 a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Oct 22 October 2024 ASX Penny Stocks To Watch
    Oct 1 Here's Why We're Watching Lunnon Metals' (ASX:LM8) Cash Burn Situation
    Sep 3 Loss-Making Lunnon Metals Limited (ASX:LM8) Expected To Breakeven In The Medium-Term
    Jul 12 Insiders Give Up AU$97k As Lunnon Metals Stock Drops To AU$0.17
    See more LM8 news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 0.755
    52 Week Low 0.14
    Average Volume 406,163
    200-Day Moving Average 0.244
    50-Day Moving Average 0.253
    20-Day Moving Average 0.312
    10-Day Moving Average 0.296
    Average True Range 0.023
    RSI (14) 40.48
    ADX 35.14
    +DI 20.970
    -DI 33.427
    Chandelier Exit (Long, 3 ATRs) 0.291
    Chandelier Exit (Short, 3 ATRs) 0.314
    Upper Bollinger Bands 0.380
    Lower Bollinger Band 0.245
    Percent B (%b) 0.04
    BandWidth 43.292
    MACD Line -0.001
    MACD Signal Line 0.014
    MACD Histogram -0.0143
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 0.258
    Resistance 3 (R3) 0.257 0.253 0.256
    Resistance 2 (R2) 0.253 0.251 0.254 0.256
    Resistance 1 (R1) 0.252 0.250 0.253 0.253 0.255
    Pivot Point 0.248 0.248 0.249 0.249 0.248
    Support 1 (S1) 0.247 0.246 0.248 0.248 0.245
    Support 2 (S2) 0.243 0.245 0.244 0.244
    Support 3 (S3) 0.242 0.243 0.244
    Support 4 (S4) 0.243