Technical Analysis for MRD - Mount Ridley Mines Ltd  

Grade Last Price % Change Price Change
D 0.002 -25.00% -0.001
MRD closed down 25.0 percent on Wednesday, April 24, 2024, on 15 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 stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. 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 Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 200 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Doji - Bearish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Volume Surge Other -25.00%
Narrow Range Bar Range Contraction -25.00%

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Profile

Mount Ridley Mines Ltd   Description

Mount Ridley Mines Limited is an Australia-based company engaged in mining exploration. The Company focuses primarily on projects in the Fraser Range region with the prospective to host mineral deposits in base and precious metals, including nickel, copper, cobalt, silver and gold. The Company's projects are approximately 60 kilometers north-east of Esperance in the prospective Albany-Fraser Belt of Western Australia. The Company holds four granted Exploration Licenses located in the prospective Fraser Range region of Western Australia. The Company has a portfolio of tenements totaling in excess of 950 square kilometers, including E63/1547, E63/1564, E63/1617 and E63/1719. The Company focuses on the Mt Ridley Project. The Company conducted air core and diamond drilling at its Mt Ridley Project. The Fraser Range is host to the Nova and Bollinger nickel and copper discoveries, discovered by Sirius Resources Limited, which is owned and managed by Independence Group NL.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Mining Gold Chemistry Metal Copper Natural Sciences Metals Chemical Elements Nickel Silver Cobalt Mines Transition Metals Dietary Minerals Drilling Precious Metal Precious Metals Ferromagnetic Materials Diamond Cobalt Mining E63 Nokia E63 Smartphone

Is MRD 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 0.004
52 Week Low 0.001
Average Volume 1,689,216
200-Day Moving Average 0.002
50-Day Moving Average 0.002
20-Day Moving Average 0.002
10-Day Moving Average 0.002
Average True Range 0.001
RSI (14) 48.72
ADX 18.52
+DI 25.333
-DI 33.333
Chandelier Exit (Long, 3 ATRs) 0.000
Chandelier Exit (Short, 3 ATRs) 0.003
Upper Bollinger Bands 0.002
Lower Bollinger Band 0.001
Percent B (%b) 0.43
BandWidth 87.500
MACD Line 0.000
MACD Signal Line 0.000
MACD Histogram 0.0001
Fundamentals Value
Market Cap 4.63 Million
Num Shares 3.09 Billion
EPS 0.00
Price-to-Earnings (P/E) Ratio -5.00
Price-to-Sales 0.00
Price-to-Book 3.74
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.002
Resistance 3 (R3) 0.002 0.002 0.002
Resistance 2 (R2) 0.002 0.002 0.002 0.002
Resistance 1 (R1) 0.002 0.002 0.002 0.002 0.002
Pivot Point 0.002 0.002 0.002 0.002 0.002
Support 1 (S1) 0.001 0.001 0.001 0.001 0.001
Support 2 (S2) 0.001 0.001 0.001 0.001
Support 3 (S3) 0.001 0.001 0.001
Support 4 (S4) 0.001