Technical Analysis for NWM - NORWEST MINERALS LIMITED

Grade Last Price % Change Price Change
D 0.035 9.38% 0.003
NWM closed unchanged on Monday, May 13, 2024, on 82 percent of normal volume. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 9.38%
Wide Bands Range Expansion 9.38%
Below Lower BB Weakness 9.38%
Lower Bollinger Band Touch Weakness 9.38%
Oversold Stochastic Weakness 9.38%
MACD Bearish Centerline Cross Bearish 9.38%
Wide Bands Range Expansion 9.38%
Below Lower BB Weakness 9.38%
Lower Bollinger Band Touch Weakness 9.38%
Oversold Stochastic Weakness 9.38%

   Recent Intraday Alerts

Alert Time
Up 5% about 4 hours ago
Rose Above Lower Bollinger Band about 7 hours ago
Up 2% about 7 hours ago
Up 1% about 7 hours ago
Up 3% about 7 hours ago

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Profile

NORWEST MINERALS LIMITED Description

Norwest Minerals Ltd is an Australia-based gold and base metals exploration company. The Company is focused on exploring its portfolio of gold and base-metal projects, which are all located in Western Australia. Its projects include Bali Project, Warriedar Project, Arunta West Project, Marymia Project and the Marriotts Project. The Bali Project is a copper and base metals exploration license, located approximately 250 kilometers (km) west of Newman in the Ashburton region of Western Australia. Warriedar Project is a gold project located approximately 420 km northeast of Perth. Arunta West Project is an iron oxide copper-gold (IOCG) project located 600 km west of Alice Springs. Marymia Project is a gold and copper project located approximately 900 km north of Perth and targets orogenic-gold and volcanogenic massive sulphide (VMS) copper/base metal mineralization. The Company’s Marriotts Project is a nickel project located approximately 70 km south of Leinster and 80 km north of Leonora.


Classification

Sector: Basic Materials
Industry: Gold
Keywords: Exploration Gold Chemistry Metal Copper Natural Sciences Minerals Metals Nickel Iron Base Metal Mineralization Leonora Base Metal Projects Iron Oxide Copper Gold Ore Deposits Base Metal Mineralization Warriedar

Is NWM 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 0.077
52 Week Low 0.023
Average Volume 774,989
200-Day Moving Average 0.036
50-Day Moving Average 0.036
20-Day Moving Average 0.044
10-Day Moving Average 0.039
Average True Range 0.004
RSI (14) 40.83
ADX 25.94
+DI 22.735
-DI 32.650
Chandelier Exit (Long, 3 ATRs) 0.042
Chandelier Exit (Short, 3 ATRs) 0.043
Upper Bollinger Bands 0.057
Lower Bollinger Band 0.032
Percent B (%b) 0.0
BandWidth 55.530
MACD Line -0.001
MACD Signal Line 0.002
MACD Histogram -0.0022
Fundamentals Value
Market Cap 3.48 Million
Num Shares 109 Million
EPS -0.05
Price-to-Earnings (P/E) Ratio -0.70
Price-to-Sales 0.00
Price-to-Book 0.87
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.037
Resistance 3 (R3) 0.037 0.036 0.036
Resistance 2 (R2) 0.036 0.035 0.036 0.035
Resistance 1 (R1) 0.034 0.034 0.034 0.034 0.035
Pivot Point 0.033 0.033 0.033 0.033 0.033
Support 1 (S1) 0.031 0.032 0.031 0.031 0.029
Support 2 (S2) 0.030 0.031 0.030 0.029
Support 3 (S3) 0.028 0.030 0.028
Support 4 (S4) 0.028