Technical analysis from Rand Mining (RND.AX, ASX:RND.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Rand Mining
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Stoploss for Rand Mining should be set at $2.75
Woodie Pivot Point /
Stoploss for Rand Mining should be set at $2.75

Rand Mining has broken the first Woodie support point ($2.75) [Bearish]. Look for a short limit order entry near this point. Exit price for RND should be set @$2.75 & short position stoploss for Rand Mining should be set at $2.75

Stoploss for Rand Mining should be set between $2.7500 & $2.75
Pivot Points /
Stoploss for Rand Mining should be set between $2.7500 & $2.75

Rand Mining has broken the first resistance point ($2.75) [Bullish]. Look for a long limit order entry near this point. Exit price for RND should be set @$2.75 & Stoploss for Rand Mining should be set between $2.75 & $2.75

Average True Range /
Daily trading has confirmed an ATR downtrend (0.01) for Rand Mining

[Bearish]: Average True Range has confirmed an downtrend is present. Rand Mining has a TR of 0, and an ATR(14) of 0.01.

Exponential Moving Average /
Rand Mining: Exponential Moving Average(5) (2.7502)

[BEARISH]: Rand Mining currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.0%.

Percentage Volume /
Percentage volume oscillator remains negative for RND

[BEARISH]: Rand Mining currently has negative PVO -82.63%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.8%.

MACD Volume /
Rand Mining: Volume MACD oscillator (36)

RND: Volume MACD Current Signal -> (1) 24 May: BULLISH (2) 23 May: BULLISH (3) 22 May: BULLISH

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On Balance Volume /
OBV: Accumulation still active for Rand Mining

[BULLISH]: Rand Mining current price has highlighted recent accumulation. Currently, the OBV is 8874.

[Downtrend]: Price for Rand Mining is currently below the displaced moving average
Detrended Price Oscillator /
[Downtrend]: Price for Rand Mining is currently below the displaced moving average

[BEARISH]: Rand Mining currently has a confirmed downtrend. Price is currently below the displaced moving average for RND. Currently, the return on DPO20 is 0.0%.

Oversold signal continues for Rand Mining indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Rand Mining indicating upward price movement is likely

[BULLISH]: Rand Mining current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.622.

Fibonacci Extensions /
Rand Mining: Look for a short limit order entry @$1.16

Rand Mining has moved above the 161.8% level ($1.16) [Bearish]. Look for a short limit order entry near this point. Exit price for RND should be set @$1.32 & short position stoploss for Rand Mining should be set at $1

Weighted Moving Average /
Rand Mining: Weighted Moving Average(5) (2.75)

[BULLISH]: Rand Mining currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

Aroon Oscillator /
Aroon oscillator for Rand Mining has signalled a strong downtrend is active

RND: Aroon Oscillator Current Signal -> (1) 24 May: BEARISH STRONG (2) 23 May: BEARISH STRONG (3) 22 May: BEARISH

Rand Mining has moved above the R1 DeMark pivot point ($2.75) [Bullish]
Demarks Pivot Points /
Rand Mining has moved above the R1 DeMark pivot point ($2.75) [Bullish]

Rand Mining has broken the first DeMark resistance point ($2.7500) [Bullish]. Look for a long limit order entry near this point. Exit price for RND should be set @$2.75 & Stoploss for Rand Mining should be set at $2.75

Average Directional Index for Rand Mining has signalled a weak trend is active
Average Directional Movement /
Average Directional Index for Rand Mining has signalled a weak trend is active

[Weak Trend]: ADX for RND has confirmed a weak trend is present. Rand Mining has an ATR(14) of 0.01, a DX of 7.98 & an ADX(14) of 14.11

Ulcer Index /
Ulcer index has reduced in stress level for Rand Mining & low drawdown is expected

[BEARISH]: Rand Mining UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.721.

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

[BEARISH]: Rand Mining currently has negative MACD of -0.0046. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.8%.

Elder Ray Index /
Rand Mining: Bull power (-0.004) & Bear power (-0.004)

[BEARISH]: Rand Mining Elder Ray Index is signalling a Bearish movementERI is -0.004 indicating bear power. Prices are being driven below the consensus of value for RND during the last trading session [Selling Pressure]

Rate of change continues to build for Rand Mining signalling a short term downtrend is likely
Rate of Change /
Rate of change continues to build for Rand Mining signalling a short term downtrend is likely

[BEARISH]: Rand Mining currently has negative rate of change of -1.786%. 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

Rand Mining: Triangular Moving Average(5) (2.75)
Triangular Moving Average /
Rand Mining: Triangular Moving Average(5) (2.75)

[BULLISH]: Rand Mining currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.0%.

Rand Mining is being actively accumulated
Accumulation / Distribution /
Rand Mining is being actively accumulated

[BULLISH]: Rand Mining current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 5261.

Medium Trend /
[Downtrend]: The second timeframe trend for Rand Mining remains intact

RND: Medium Term Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

On Balance Volume /
OBV: Accumulation still active for Rand Mining

[BULLISH]: Rand Mining current price has highlighted recent accumulation. Currently, the OBV is 8874.

Medium Trend /
RND: Medium term trend is still an Downtrend

[BEARISH]: Rand Mining has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Mar 8 2018.

Average Directional Movement /
Rand Mining has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for RND has confirmed a weak trend is present. Rand Mining has an ATR(14) of 0.011, a DX of 7.98 & an ADX(14) of 14.58

Recent trading highlights continued selling pressure is present for RND
Elders Force Index /
Recent trading highlights continued selling pressure is present for RND

[BEARISH]: Rand Mining current price has highlighted recent selling pressure. Currently, the Elders Force Index is -4.

MFI Oversold signal is still current for Rand Mining
Money Flow Index /
MFI Oversold signal is still current for Rand Mining

RND: MFI Current Signal -> (1) 23 May: BEARISH (2) 22 May: BEARISH (3) 21 May: BEARISH CROSSOVER

Fibonacci Extensions /
Limit order for a long position has been identified for Rand Mining @$2.9

Rand Mining has moved below the 161.8% level ($2.9) [Bullish]. Look for a long limit order entry near this point. Exit price for RND should be set @$3.11 & Stoploss for Rand Mining should be set at $2.69

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