Technical Analysis for RAG - Ragnar Metals Limited

Grade Last Price % Change Price Change
F 0.017 -5.56% -0.001
RAG closed down 5.56 percent on Friday, April 19, 2024, on 8 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
Narrow Range Bar Range Contraction 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Volume Surge Other -5.56%
Narrow Range Bar Range Contraction -5.56%
Stochastic Reached Oversold Weakness -5.56%
Oversold Stochastic Weakness -5.56%
Narrow Range Bar Range Contraction -5.56%
Below Lower BB Weakness -5.56%

   Recent Intraday Alerts

Alert Time
Down 1 ATR about 19 hours ago
Fell Below Previous Day's Low about 19 hours ago
Down 5% about 19 hours ago
Down 3% about 19 hours ago
Down 2% about 19 hours ago

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Profile

Ragnar Metals Limited Description

Ragnar Metals Ltd, formerly Drake Resources Limited, is engaged in the exploration and evaluation of its projects in Scandinavia, Africa, and Australia. The Company focuses on exploration and evaluation of nickel, gold, silver and base metals projects. The Company operates through three segments: Australian Exploration, Scandinavian Exploration and African Exploration. The Company's projects include Guinea Projects, Mauritania Projects, Norway Projects and Swedish Projects. The Company's Norway Projects include JOMA project and Sulitjelma Joint Venture project. The Company's JOMA project covers approximately 50 square kilometers, including the historic Gjersvik mine and Exploration and Exploitation (Mining) Agreement over the Joma mine. The Company's Sulitjelma Joint Venture project covers approximately 70 kilometers at Sulitjelma. The Company's Swedish Granmuren Nickel project has its greenfield nickel, copper, cobalt discovery in the Bergslagen district of Sweden.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Mining Gold Chemistry Metal Copper Natural Sciences Metals Chemical Elements Nickel Base Metal Silver Cobalt Transition Metals Dietary Minerals Ferromagnetic Materials Ergs Mauritania Slag

Is RAG 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 0.032
52 Week Low 0.014
Average Volume 634,604
200-Day Moving Average 0.022
50-Day Moving Average 0.020
20-Day Moving Average 0.019
10-Day Moving Average 0.019
Average True Range 0.001
RSI (14) 47.37
ADX 35.36
+DI 17.021
-DI 54.255
Chandelier Exit (Long, 3 ATRs) 0.019
Chandelier Exit (Short, 3 ATRs) 0.019
Upper Bollinger Bands 0.021
Lower Bollinger Band 0.017
Percent B (%b) -0.11
BandWidth 19.689
MACD Line -0.001
MACD Signal Line -0.001
MACD Histogram -0.0002
Fundamentals Value
Market Cap 5.33 Million
Num Shares 313 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio -8.50
Price-to-Sales 0.00
Price-to-Book 9.85
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.017
Resistance 3 (R3) 0.017 0.017 0.017
Resistance 2 (R2) 0.017 0.017 0.017 0.017
Resistance 1 (R1) 0.017 0.017 0.017 0.017 0.017
Pivot Point 0.017 0.017 0.017 0.017 0.017
Support 1 (S1) 0.017 0.017 0.017 0.017 0.017
Support 2 (S2) 0.017 0.017 0.017 0.017
Support 3 (S3) 0.017 0.017 0.017
Support 4 (S4) 0.017