Technical analysis from Pilbara Minerals (PLS.AX, ASX:PLS.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Pilbara Minerals
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CMF highlights continued negative divergence for Pilbara Minerals
Chaikin Money Flow /
CMF highlights continued negative divergence for Pilbara Minerals

PLS: Chaikin Oscillator Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Sellers of Pilbara Minerals were in control at the market close.
Close Tod Vs Range Tod /
Sellers of Pilbara Minerals were in control at the market close.

[BEARISH]: Pilbara Minerals sellers in control. This is the first day of seller commitment for Pilbara Minerals 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 109 trading days with the closing price in the lower part of the range giving a confirmation ratio of 41.4%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 26 days in the lower price range compared to 16 days in the upper range giving a ratio of 1.6x.

Low Price /
Pilbara Minerals: Daily low performance is -0.9 % [Downtrend]

[BULLISH]: Pilbara Minerals current downtrend in the first timeframe. Currently, the Low is $0.892 (-0.9 %).

Open Tod Vs Close Tod /
Pilbara Minerals: Sellers have taken control.

[BEARISH]: Pilbara Minerals opened in the middle part of daily range at 61.5% & closed in the lower part of the trading range at 23.1%. This suggests the sellers have taken control. Over the last 12 months there has been 37 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 14.1%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 6.7%.

Short Trend /
First timeframe trend of Pilbara Minerals has signalled an Downtrend

[BEARISH]: Pilbara Minerals is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Opening Price /
PLS opening price of $0.9 (-1.6 %)

[BEARISH]: Pilbara Minerals opening price has gapped down. Currently, the OPEN is $0.9 (-1.6 %).

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Momentum /
5-day momentum is increasing for Pilbara Minerals

[BULLISH]: Pilbara Minerals currently has positive momentum of 0.005. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -1.1%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 7.7%.

Pilbara Minerals: Daily price range is 0.013 [Downtrend]
Price Range /
Pilbara Minerals: Daily price range is 0.013 [Downtrend]

[BEARISH]: Pilbara Minerals current downtrend in the first timeframe. Currently, the Range is $0.013.

Contracting price range for PLS signalling sellers continue to be less eager
Range Tod Vs Range Yest /
Contracting price range for PLS signalling sellers continue to be less eager

PLS: Range today versus range yesterday Current Signal ->(1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Pivot Points /
Pilbara Minerals: Pivot Point ($0.897)

Pilbara Minerals has broken the first support point ($0.889) [Bearish]. Look for a short limit order entry near this point. Exit price for PLS should be set @$0.884 & short position stoploss for Pilbara Minerals should be set between $0.91 & $0.915

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Pilbara Minerals & are driving the price down.

PLS: Recent Performance ->(1) 22 Jun: -1.1% (2) 21 Jun: 0.6% (3) 20 Jun: 1.7%

MACD Volume /
The Volume MACD for PLS is losing momentum through a fall on the short term EMA

[BEARISH CROSSOVER]: Pilbara Minerals currently has negative Volume MACD of -112948. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Daily bar has maintained 3rd timeframe Uptrend for PLS
Long Trend /
Daily bar has maintained 3rd timeframe Uptrend for PLS

PLS: Long Term Trend Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

A short term Pivot Reversal has formed with Pilbara Minerals
Pivot Reversal /
A short term Pivot Reversal has formed with Pilbara Minerals

[BEARISH]: A short term Pivot Reversal has formed with Pilbara Minerals which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 19 occurrences of this bar reversal giving a signal probability of 7.2%.

Woodie Pivot Point /
Limit order for a short position has been identified for Pilbara Minerals [Bearish]

Pilbara Minerals has broken the first Woodie support point ($0.889) [Bearish]. Look for a short limit order entry near this point. Exit price for PLS should be set @$0.884 & short position stoploss for Pilbara Minerals should be set at $0.91

Percentage Volume /
Volume is still below the short term EMA for PLS [Bearish]

PLS: PVO Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Average True Range /
Pilbara Minerals: Average True Range (0.025) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Pilbara Minerals has a TR of 0.013, and an ATR(14) of 0.025.

MACD for Pilbara Minerals continues to gain momentum @0.0012
MACD /
MACD for Pilbara Minerals continues to gain momentum @0.0012

PLS: MACD Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH CROSSOVER (3) 20 Jun: BEARISH

Pilbara Minerals: Daily volume is 2.30874e+006 [Lower Volume]
Volume /
Pilbara Minerals: Daily volume is 2.30874e+006 [Lower Volume]

[BEARISH]: Pilbara Minerals current volume downtrend in the first timeframe. Volume for PLS is 2.30874e+006 (-65.8).

Confirmation of Pilbara Minerals is currently being distributed
Accumulation / Distribution /
Confirmation of Pilbara Minerals is currently being distributed

[BEARISH]: Pilbara Minerals current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4.54549e+007.

Moving Average Envelope /
Pilbara Minerals is still oversold with the Lower Envelope Band @$0.855

[BULLISH]: Pilbara Minerals current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.855.

Demarks Pivot Points /
[Long]: Limit orders for Pilbara Minerals should be set at $0.8968

Pilbara Minerals has broken the first DeMark resistance point ($0.8968) [Bullish]. Look for a long limit order entry near this point. Exit price for PLS should be set @$0.902 & Stoploss for Pilbara Minerals should be set at $0.889

Rate of Change /
Pilbara Minerals: Rate of change (-0.556)

[BEARISH]: Pilbara Minerals currently has negative rate of change of -0.556%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Volume Rate of Change /
14-day volume rate of change is increasing for Pilbara Minerals

PLS: VROC Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH CROSSOVER (3) 20 Jun: BEARISH

Pilbara Minerals: Bill Williams Profanity [Fake Day]
Bill Williams Market Facilitation /
Pilbara Minerals: Bill Williams Profanity [Fake Day]

PLS: BWMF Current Signal -> (1) 22 Jun: Fake Day (2) 21 Jun: Squat Day (3) 20 Jun: Fake Day

Pilbara Minerals is in a short term downtrend with the resistance price @$0.897
Sine Weighted Moving Average /
Pilbara Minerals is in a short term downtrend with the resistance price @$0.897

[BEARISH]: Pilbara Minerals 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 -1.1%.

Black Candle /
PLS Basic Candle: Black

[BEARISH]: Pilbara Minerals has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

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