Technical Analysis for RR1 - Reach Resources Limited

Grade Last Price % Change Price Change
F 0.009 -18.18% -0.002
RR1 closed down 18.18 percent on Thursday, November 21, 2024, on 11.08 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Fell Below 200 DMA Bearish 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Reversal New Lows Setup Bearish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
Stochastic Reached Oversold Weakness 0.00%
Outside Day Range Expansion 0.00%

   Recent Intraday Alerts

Alert Time
Down 10% about 18 hours ago
Down 1 ATR about 18 hours ago
Fell Below Previous Day's Low about 20 hours ago
Outside Day about 20 hours ago
Down 5% about 20 hours ago

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Profile

Reach Resources Limited engages in the exploration and evaluation of mineral resource projects in Australia. The company primarily explores for gold, as well as for nickel, cobalt, copper, and base metals. It holds interests in the Primrose gold project located in the northeast of Perth. The company was formerly known as Cervantes Corporation Limited. Reach Resources Limited was incorporated in 2001 and is headquartered in Perth, Australia.
Classification

Sector: Basic Materials
Industry: Gold
Keywords: Mining Chemistry Chemical Elements Cobalt Vale Limited Extractive Industries Transparency Initiative Economy Of Greater Sudbury

Is RR1 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 0.024
52 Week Low 0.001
Average Volume 1,426,373
200-Day Moving Average 0.010
50-Day Moving Average 0.012
20-Day Moving Average 0.012
10-Day Moving Average 0.012
Average True Range 0.001
RSI (14) 45.05
ADX 22.75
+DI 13.068
-DI 34.659
Chandelier Exit (Long, 3 ATRs) 0.010
Chandelier Exit (Short, 3 ATRs) 0.013
Upper Bollinger Bands 0.014
Lower Bollinger Band 0.010
Percent B (%b) -0.14
BandWidth 37.288
MACD Line 0.000
MACD Signal Line 0.000
MACD Histogram -0.0003
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.015
Resistance 3 (R3) 0.016 0.014 0.014
Resistance 2 (R2) 0.014 0.013 0.014 0.014
Resistance 1 (R1) 0.012 0.012 0.011 0.011 0.013
Pivot Point 0.010 0.010 0.010 0.010 0.010
Support 1 (S1) 0.008 0.009 0.007 0.007 0.005
Support 2 (S2) 0.006 0.008 0.006 0.004
Support 3 (S3) 0.004 0.006 0.004
Support 4 (S4) 0.003