Technical Analysis for RON - Ronin Resources Ltd

Grade Last Price % Change Price Change
A 0.155 6.90% 0.010
RON closed up 6.9 percent on Friday, November 1, 2024, on 33 percent of normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above 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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ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
180 Bullish Setup Bullish Swing Setup 6.90%
Wide Bands Range Expansion 6.90%
Overbought Stochastic Strength 6.90%

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Profile

Ronin Resources Ltd engages in the acquisition, development, evaluation, and exploration of mineral properties in Colombia. The company primarily explores for thermal and metallurgical coal, as well as gold and copper deposits. It holds a 100% interest in the Vetas project, which include one granted mining license and one mining license application covering an area of 19.7 square kilometers located in the Colombian Department of Norte de Santander; and the Santa Rosa project, including three mining license applications that cover an area of 58.2 square kilometers situated in the foothills of the Serranía de San Lucas in the municipality of Santa Rosa Sur, Department of Bolivár in northern Colombia. The company was incorporated in 2018 and is based in Melbourne, Australia.
Classification

Sector: Basic Materials
Industry: Other Precious Metals & Mining
Keywords: Mining

Is RON 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 0.23
52 Week Low 0.09
Average Volume 75,746
200-Day Moving Average 0.146
50-Day Moving Average 0.124
20-Day Moving Average 0.127
10-Day Moving Average 0.133
Average True Range 0.011
RSI (14) 60.32
ADX 16.44
+DI 43.758
-DI 20.996
Chandelier Exit (Long, 3 ATRs) 0.121
Chandelier Exit (Short, 3 ATRs) 0.130
Upper Bollinger Bands 0.155
Lower Bollinger Band 0.098
Percent B (%b) 1.0
BandWidth 44.743
MACD Line 0.006
MACD Signal Line 0.003
MACD Histogram 0.0034
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.163
Resistance 3 (R3) 0.162 0.158 0.161
Resistance 2 (R2) 0.158 0.156 0.159 0.161
Resistance 1 (R1) 0.157 0.155 0.158 0.158 0.160
Pivot Point 0.153 0.153 0.154 0.154 0.153
Support 1 (S1) 0.152 0.151 0.153 0.153 0.150
Support 2 (S2) 0.148 0.150 0.149 0.149
Support 3 (S3) 0.147 0.148 0.149
Support 4 (S4) 0.148