Danakali (DNK)

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Danakali (DNK): Signals

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TECHNICAL ANALYSIS SUMMARY

Danakali (DNK.AX)


Indicator:

DEMARK 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 (DeMark) is:
(R1) $0.773.

The current pivot point (DeMark) is:
(S1) $0.738.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – 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:

Demark's Pivot Points

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Company Close Change (%) Volume Value Signal
JIN Jin 9.83 6.3 1,252,407 0.01 BULLISH
MOY Millennium Minerals 0.21 5.1 741,093 0.01 BULLISH
PNR Pacific Niugini Minerals 0.24 4.3 220,033 0.01 BULLISH
SXY Senex Energy 0.36 4.3 2,229,926 0 BULLISH
BFC Beston Global Food 0.13 4.2 302,806 0 BULLISH
IFN IFN 0.51 4.1 1,616,892 0 BULLISH
AGI Ainsworth Game Technology 0.82 3.8 50,553 0.01 BULLISH
PGC Paragon Care 0.48 3.2 983,038 0 BULLISH
EOS Electro Optic Systems Holdings 2.7 3.1 69,838 0.02 BULLISH
FID Fiducian 4.93 2.7 14,969 0.01 BULLISH
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