Technical Analysis for LM8 - Lunnon Metals Limited

Grade Last Price % Change Price Change
C 0.285 7.55% 0.020
LM8 closed up 7.55 percent on Thursday, October 3, 2024, on 2.87 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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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
200 DMA Resistance Bearish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Parabolic Rise Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%

   Recent Intraday Alerts

Alert Time
200 DMA Resistance about 17 hours ago
Up 10% about 17 hours ago
Rose Above Previous Day's High about 17 hours ago
Up 2 ATRs about 17 hours ago
Rose Above 200 DMA about 17 hours ago

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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 Nickel Mining In Western Australia Australian Gold Rushes 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

Indicators

Indicator Value
52 Week High 0.835
52 Week Low 0.14
Average Volume 333,066
200-Day Moving Average 0.294
50-Day Moving Average 0.167
20-Day Moving Average 0.174
10-Day Moving Average 0.186
Average True Range 0.018
RSI (14) 84.85
ADX 23.69
+DI 60.031
-DI 7.313
Chandelier Exit (Long, 3 ATRs) 0.250
Chandelier Exit (Short, 3 ATRs) 0.205
Upper Bollinger Bands 0.250
Lower Bollinger Band 0.099
Percent B (%b) 1.24
BandWidth 86.239
MACD Line 0.018
MACD Signal Line 0.004
MACD Histogram 0.014
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.323
Resistance 3 (R3) 0.325 0.315 0.316
Resistance 2 (R2) 0.315 0.305 0.314 0.314
Resistance 1 (R1) 0.300 0.300 0.295 0.298 0.312
Pivot Point 0.290 0.290 0.288 0.289 0.290
Support 1 (S1) 0.275 0.280 0.270 0.273 0.258
Support 2 (S2) 0.265 0.275 0.264 0.256
Support 3 (S3) 0.250 0.265 0.254
Support 4 (S4) 0.248