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

Ramelius Resources
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Limit order for a long position has been identified for Ramelius Resources [Bullish]
Pivot Points /
Limit order for a long position has been identified for Ramelius Resources [Bullish]

Ramelius Resources has broken the first resistance point ($0.599) [Bullish]. Look for a long limit order entry near this point. Exit price for RMS should be set @$0.602 & Stoploss for Ramelius Resources should be set between $0.582 & $0.579

Weighted Moving Average(5) signal is confirmed for Ramelius Resources indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal is confirmed for Ramelius Resources indicating upward price movement is likely

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

Pivot Reversal /
A short term Pivot Reversal has formed with Ramelius Resources

[BULLISH]: A short term Pivot Reversal has formed with Ramelius 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%.

Closing Price /
Close for RMS has surpassed the close of the previous trading session

[BULLISH]: Ramelius Resources current uptrend in the first timeframe. Currently, the Close is $0.595.

MACD /
MACD oscillator remains positive for RMS

[BULLISH]: Ramelius Resources currently has positive MACD of 0.0014. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.9%.

Stochastic Oscillator /
Stochastic signal has just been triggered for Ramelius Resources

[BEARISH]: Ramelius Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

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Volume Rate of Change /
Volume rate of change is now rising for Ramelius Resources signalling an uptrend will persist

[BULLISH CROSSOVER]: Ramelius Resources currently has positive volume of change of 43%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.6%.

William %R overbought signal had been initiated for Ramelius Resources
Williams %R /
William %R overbought signal had been initiated for Ramelius Resources

[BULLISH]: Ramelius Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Ramelius Resources has moved below the 161.8% extension level ($1.59) [Bullish]
Fibonacci Extensions /
Ramelius Resources has moved below the 161.8% extension level ($1.59) [Bullish]

Ramelius Resources has moved below the 161.8% level ($1.59) [Bullish]. Look for a long limit order entry near this point. Exit price for RMS should be set @$1.43 & Stoploss for Ramelius Resources should be set at $1.74

Accumulation / Distribution /
Recent trading signals Ramelius Resources is being accumulated

[BULLISH]: Ramelius Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 4.0219e+006.

High Price /
Ramelius Resources: Daily high performance is 0.8 % [Uptrend]

[BULLISH]: Ramelius Resources current uptrend in the first timeframe. Currently, the HIGH is 0.8 %.

Volume /
Weaker volume performance from RMS has seen a lower volume of -9.8 [Downtrend]

RMS: VOLUME Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

[Downtrend]: The second timeframe trend for Ramelius Resources remains intact
Medium Trend /
[Downtrend]: The second timeframe trend for Ramelius Resources remains intact

[BEARISH]: Ramelius Resources is in an downtrend in the medium term timeframe. The current rally number is 16 & the highest rally count for the LTM is 94. The highest rally for the month is 15

Daily trading has confirmed an Aroon downtrend (-44) for Ramelius Resources
Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-44) for Ramelius Resources

[BEARISH]: Ramelius Resources has a current ARU(25) of 8 and a current ARD(25) of 52

Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for RMS

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

Coles Reaction Day /
Ramelius Resources: Coles Rally Day has been confirmed

RMS: CRD Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: NEUTRAL (3) 20 Jun: NEUTRAL

Ease of Movement /
Ease of Movement for Ramelius Resourcesis 0.008 [Difficult to Move]

RMS: EOM Current Signal -> (1) 22 Jun: BULLISH HARD (2) 21 Jun: BEARISH HARD (3) 20 Jun: BEARISH HARD

Ramelius Resources: Price Percentage Oscillator
Percentage Price /
Ramelius Resources: Price Percentage Oscillator

[BULLISH]: Ramelius Resources currently has positive PPO 0.198%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Oversold signal continues for Ramelius Resources indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Ramelius Resources indicating upward price movement is likely

[BULLISH]: Ramelius Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.5605.

Ramelius Resources: Average Directional Index (22) has confirmed a weak trend is present
Average Directional Movement /
Ramelius Resources: Average Directional Index (22) has confirmed a weak trend is present

[Weak Trend]: ADX for RMS has confirmed a weak trend is present. Ramelius Resources has an ATR(14) of 0.023, a DX of 25.44 & an ADX(14) of 22

Range Tod Vs Range Yest /
Ramelius Resources: Range Performance (-50.0)

[WEAK BEARISH]: Ramelius Resources buyers are becoming less eager. This is the first day buyers have decreased eagerness for RMS reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0600 & the greatest daily price range this year has been $0.2600. The price range ratio this week versus the quarterly price range is 0.8x & the price range ratio this month versus the year to date price range is 0.2x.

Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Ramelius Resources

[BULLISH]: Ramelius Resources currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 2.6%.

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

[BULLISH]: Ramelius Resources buyers are in control at the market close. This is the first day of buyer commitment for Ramelius Resources adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 99 trading days with the closing price in the upper part of the range giving a confirmation ratio of 37.6%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 25 days in the upper price range compared to 17 days in the lower range giving a ratio of 1.5x.

White Marubozu /
RMS Basic Candle: White Marubozu

[BULLISH]: Ramelius Resources has formed a White Marubozu candlestick. This means, RMS has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[High Stress]: High drawdown associated with recent trading of RMS
Ulcer Index /
[High Stress]: High drawdown associated with recent trading of RMS

[BULLISH]: Ramelius Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.126.

The volume MACD continues to rise above the signal line for RMS [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for RMS [Bullish]

[BULLISH]: Ramelius Resources currently has positive Volume MACD of 53052. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Demarks Pivot Points /
Limit order for a long position has been identified for Ramelius Resources [Bullish]

Ramelius Resources has broken the first DeMark resistance point ($0.5925) [Bullish]. Look for a long limit order entry near this point. Exit price for RMS should be set @$0.6 & Stoploss for Ramelius Resources should be set at $0.59

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