Danakali (DNK)

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Danakali (DNK): Signals

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TECHNICAL ANALYSIS SUMMARY

Danakali (DNK.AX)


Indicator:

PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Danakali (ASX:DNK) current pivot point is: $ 0.798.
The current resistance levels are:
(R1) $0.806
(R2) $0.818
(R3) $0.826

The current support levels are:
(S1) $0.786
(S2) $0.778
(S3) $0.766



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


PROFILE: Danakali (DNK.AX)


Stock Exchange: ASX
Company: Danakali
Ticker Codes: | DNK.AX | ASX:DNK |

About Danakali (ASX:DNK):

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.

Top 10:

Pivot Points

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Company Close Change (%) Volume Value Signal
WAF West African Resources 0.29 3.6 1,953,448 0 BEARISH
SLR Silver Lake Resources 0.49 3.2 1,676,572 0 BEARISH
AHY Asaleo Care 0.7 2.2 576,785 0 BEARISH
NMT Neometals 0.24 2.2 194,329 0 BEARISH
BDR Beadell Resources 0.05 2 935,137 0 BEARISH
REH Reece Australia 10.77 2 130,022 -0.05 BEARISH
SBM St Barbara Mines 4.16 2 1,435,255 0 BEARISH
AAD Ardent Leisure 1.6 1.6 1,103,373 0 BEARISH
ATL ASX 20 1.32 1.5 111,207 -0.01 BEARISH
XIP Xenith Ip 1.25 1.2 38,390 0 BEARISH
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