Technical Analysis for RHI - Red Hill Iron Limited  

Grade Last Price % Change Price Change
A 6.480 7.82% 0.470
RHI closed unchanged on Thursday, April 18, 2024, on 2.68 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 7.82%
Narrow Range Bar Range Contraction 7.82%
Overbought Stochastic Strength 7.82%
Narrow Range Bar Range Contraction 7.82%
Overbought Stochastic Strength 7.82%
Doji - Bearish? Reversal 6.58%
Upper Bollinger Band Walk Strength 6.58%
Overbought Stochastic Strength 6.58%
New 52 Week Closing High Bullish 6.58%
180 Bullish Setup Bullish Swing Setup 6.58%

   Recent Intraday Alerts

Alert Time
3x Volume Pace about 6 hours ago
Up 10% about 7 hours ago
Gapped Up (Full) about 7 hours ago
Rose Above Previous Day's High about 7 hours ago
New 52 Week High about 7 hours ago

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Profile

Red Hill Iron Limited   Description

Red Hill Iron Limited is an Australia-based mineral exploration company. The Company's principal activities are exploration for iron ore, gold and base metals. The Company is focused on the development of its channel iron deposits (CID) and rock quarrying opportunities in the Western Pilbara region of Western Australia. The Company holds interests in West Pilbara Iron Ore Project (WPIOP) and Pannawonica channel iron project. WPIOP has proven and probable reserves of approximately 445 million tons. The Company has carried out studies for a quarrying concept based on porphyry rock outcrops at the Three Peaks site nearby to the Pannawonica Project. The Company holds the right to various minerals except iron ore on the Red Hill Iron Ore Joint Venture (RHIOJV) tenements, and has secured a mining lease over suitable rock outcrops at the Three Peak locality.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Mining Gold Metal Mineral Exploration Minerals Metals Iron Base Metal Iron Ore Porphyry Crops Volta Mining Pilbara Iron Hamersley Station

Is RHI 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 6.08
52 Week Low 3.9332
Average Volume 3,976
200-Day Moving Average 4.743
50-Day Moving Average 5.448
20-Day Moving Average 5.730
10-Day Moving Average 5.910
Average True Range 0.155
RSI (14) 61.24
ADX 27.89
+DI 28.896
-DI 24.203
Chandelier Exit (Long, 3 ATRs) 5.614
Chandelier Exit (Short, 3 ATRs) 5.806
Upper Bollinger Bands 6.172
Lower Bollinger Band 5.288
Percent B (%b) 0.82
BandWidth 15.428
MACD Line 0.170
MACD Signal Line 0.148
MACD Histogram 0.0217
Fundamentals Value
Market Cap 359.87 Million
Num Shares 59.9 Million
EPS -0.01
Price-to-Earnings (P/E) Ratio -546.36
Price-to-Sales 0.00
Price-to-Book 1.18
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.010
Resistance 3 (R3) 6.010 6.010 6.010
Resistance 2 (R2) 6.010 6.010 6.010 6.010
Resistance 1 (R1) 6.010 6.010 6.010 6.010 6.010
Pivot Point 6.010 6.010 6.010 6.010 6.010
Support 1 (S1) 6.010 6.010 6.010 6.010 6.010
Support 2 (S2) 6.010 6.010 6.010 6.010
Support 3 (S3) 6.010 6.010 6.010
Support 4 (S4) 6.010