Ramelius Resources (RMS)

Download button icon Download

Ramelius Resources (RMS): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Ramelius Resources (RMS.AX)


Indicator:

FIBONACCI FANS


Signal Strength: MEDIUM
Recommendation:

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


Ramelius Resources (ASX:RMS) : The current Fibonacci Fan levels are:
(23.61%) $0.41
: (38.2%) $0.43
: (50%) $0.44
: (61.8%) $0.45

The current support levels are:
(78.6%) $0.46
(100%) $0.5
(138.2%) $0.53
(161.8%) $0.55
(261.8%) $0.65
(423.61%) $0.8



Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Calculation: Fibonacci Fans:
1) Uptrend Fan line 1: Drawn from extreme low through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme low through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme low through 50% retracement level on “invisible” vertical line Fan line;
c) Drawn from extreme low through 61.8% retracement level on “invisible” line;
2)Downtrend Fan line 1: Drawn from extreme high through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme high through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme high through 50% low retracement level on “invisible” vertical line;
c) Fan line 4: Drawn from extreme high through 61.8% retracement level on “invisible” vertical line;


PROFILE: Ramelius Resources (RMS.AX)


Stock Exchange: ASX
Company: Ramelius Resources
Ticker Codes: | RMS.AX | ASX:RMS |

About Ramelius Resources (ASX:RMS):

Ramelius Resources Limited, together with its subsidiaries, engages in the exploration, mine development and operation, and production and sale of gold in Australia. The company holds interest in the Mt Magnet gold project located within the north-south striking Meekatharra-Mt Magnet greenstone belt of the Western Australian Murchison province; and the Vivien gold deposit located to the west of the town of Leinster in Western Australia. It also has interests in the Water Tank Hill/St George deposits in Western Australia; the Coogee gold project in Western Australia; the Kathleen Valley gold project in Western Australia; and the Tanami joint venture gold project in Northern Territory; and the exploration permit for minerals holdings in north Queensland. Ramelius Resources Limited is headquartered in East Perth, Australia.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
FIG Freedom Insurance 0.06 9.3 846,374 -0.07 BEARISH
MOY Millennium Minerals 0.2 8.1 273,345 -0.08 BEARISH
EWC Energy World Corporation 0.17 6.5 13,824 -0.11 BEARISH
NWH NRW 1.77 5.1 1,466,791 -0.59 BEARISH
RRL Regis Resources 4.36 5.1 2,623,260 -1.15 BEARISH
FLT Flight Centre 48.3 4.9 490,754 -22.38 BEARISH
EBO Ebos 20.26 4.7 565 -7.82 BEARISH
GTN GTN Resources 2.04 4.6 34,507 -0.56 BEARISH
SHJ Shine Corporate 0.8 4.6 43,921 -0.43 BEARISH
RAP Resapp Health 0.12 4.5 1,368,870 -0.61 BEARISH
back to top