Technical analysis from Mineral Resources (MIN.AX.AX, ASX:MIN.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Mineral Resources
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Daily trading performance for MIN has continued a short term downtrend
Close Tod Vs Close Yest /
Daily trading performance for MIN has continued a short term downtrend

MIN: Recent performance signals ->(1) 11 Jan: NEUTRAL (2) 11 Jan: NEUTRAL (3) 11 Jan: BULLISH

Mineral Resources: Daily volume performance is 12.8 [Uptrend]
Volume /
Mineral Resources: Daily volume performance is 12.8 [Uptrend]

MIN: VOLUME Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

Chaikin Money Flow /
Mineral Resources continues positive divergence & potential shift in direction

[BULLISH]: Mineral Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.17. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.2

Price Range /
Mineral Resources: Daily price tange is $0.645 [Increasing Range]

[BULLISH]: Mineral Resources current uptrend in the first timeframe. Currently, the Range is $0.645.

Exponential Moving Average /
Mineral Resources: EMA(15) $20.7111 is above the EMA(30) @$19.9461

MIN: EMA(5) Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH CROSSOVER

On Balance Volume /
Mineral Resources is being actively accumulated based on OBV

[BULLISH]: Mineral Resources current price has highlighted recent accumulation. Currently, the OBV is 1.66015e+007.

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Elder Ray Index /
[Bullish]: Elder Ray Index is 0.129 indicating bull power

[BULLISH]: Mineral ResourcesElder Ray Index is signalling a Bullish movementERI is 0.129 indicating bull power. Prices are being driven above the consensus of value for MIN during the last trading session [Buying Pressure]

Mineral Resources: Buyers continue to be increasingly eager.
Range Tod Vs Range Yest /
Mineral Resources: Buyers continue to be increasingly eager.

[BULLISH]: Mineral Resourcesbuyers are increasingly eager. There has been 2 consecutive days of range increase for MIN adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.78 & the greatest daily price range this year has been $1.78. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 1x.

Limit order for a short position has been identified for Mineral Resources @$0.37
Fibonacci Extensions /
Limit order for a short position has been identified for Mineral Resources @$0.37

Mineral Resources has moved above the 161.8% level ($0.37) [Bearish]. Look for a short limit order entry near this point. Exit price for MIN should be set @$0.4 & short position stoploss for Mineral Resources should be set at $0.33

Ease of Movement /
Trading session closed lower on low volume for Mineral Resources [Bearish]

[BEARISH]: Mineral Resources current price have moved downwards on low volume. Currently, the Ease of Movement is -47.11

Stochastic Oscillator /
Mineral Resources is no longer oversold with the Stochastic Oscillator @56.4

MIN: Stochastic Oscillator Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH CROSSOVER

Elders Force Index /
Bullish conditions for MIN have commenced based on EFI (176734)

[BULLISH]: Mineral Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 176734.

Mineral Resources: Detrended Price Oscillator(20) is 1.9415
Detrended Price Oscillator /
Mineral Resources: Detrended Price Oscillator(20) is 1.9415

[BULLISH]: Mineral Resources currently has a confirmed uptrend. Price is currently above the displaced moving average for MINCurrently, the return on DPO20 is -3.3%.

DeMark pivot point for MIN is bullish. Stoploss should be positioned @$20.113
Demarks Pivot Points /
DeMark pivot point for MIN is bullish. Stoploss should be positioned @$20.113

Mineral Resources current pivot point (DeMark) is: (R1) $20.758. The current pivot point (DeMark) is: (S1) $20.113.

Sine Weighted Moving Average /
[Bullish]: SWMA(30) is serving as a support line for Mineral Resources

[BEARISH]: Mineral Resources currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -3.3%.

Close Tod Vs Range Tod /
Trading for Mineral Resources highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Mineral Resources sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Mineral Resources adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 97 trading days with the closing price in the lower part of the range giving a confirmation ratio of 37.2%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Aroon Oscillator /
[Uptrend]: Aroon oscillator (68) strong uptrend has been confirmed for MIN

MIN: Aroon Oscillator Current Signal -> (1) 11 Jan: BULLISH STRONG (2) 11 Jan: BULLISH STRONG (3) 11 Jan: BEARISH STRONG

Mineral Resources: Look for a long limit order entry @$22.229
Camarilla Pivot Points /
Mineral Resources: Look for a long limit order entry @$22.229

Mineral Resources has broken the first Camarilla resistance point ($22.229) [Bullish]. Look for a long limit order entry near this point. Exit price for MIN should be set @$23.948 & Stoploss for Mineral Resources should be set between $17.073 & $15.354

A short term Gap Down has formed with Mineral Resources
Gap Down /
A short term Gap Down has formed with Mineral Resources

[BULLISH]: A short term Gap Down has formed with Mineral Resources which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 11 occurrences of this bar reversal giving a signal probability of 4.2%.

Volume rate of change(14) is decreasing for Mineral Resources
Volume Rate of Change /
Volume rate of change(14) is decreasing for Mineral Resources

[BEARISH]: Mineral Resources currently has negative rate of change of -15%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -3.3%.

Opening Price /
Mineral Resources: Daily opening price is $20.88

[BEARISH]: Mineral Resources opening price has gapped down. Currently, the OPEN is $20.88 (-3 %).

Percentage Volume /
Volume for Mineral Resources is now losing momentum @-18.7)

[BEARISH CROSSOVER]: Mineral Resources currently has negative PVO -18.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -4.8%.

Accumulation / Distribution /
Accumulation still active for Mineral Resources

[BULLISH]: Mineral Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Average True Range /
Mineral Resources: Average True Range (0.651) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Mineral Resources has a TR of 0.84, and an ATR(14) of 0.651.

Mineral Resources: Closed Window
Closed Window /
Mineral Resources: Closed Window

[BEARISH]: Mineral Resources has Gapped Down on previous bar.

Mineral Resources has broken the first resistance point ($20.89) [Bullish]
Pivot Points /
Mineral Resources has broken the first resistance point ($20.89) [Bullish]

Mineral Resources has broken the first resistance point ($20.89) [Bullish]. Look for a long limit order entry near this point. Exit price for MIN should be set @$21.27 & Stoploss for Mineral Resources should be set between $19.98 & $19.6

MACD /
MIN: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Mineral Resources currently has negative MACD of -0.071000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

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