DRONESHIELD LIMITED

- AUD (-)

- End-of-day data - Australia Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DRO
ISIN:	AU000000DRO2

DRONESHIELD LIMITED - Daily - Technical analysis published on 05/06/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 0.795 AUD

My targets

0.930 AUD (+6.29%)

1.060 AUD (+21.14%)

My analysis

The basic bullish trend is very strong on DRONESHIELD LIMITED but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.795 AUD. Crossing the first resistance at 0.930 AUD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.060 AUD as an objective. Crossing it would then enable buyers to target 1.120 AUD. Caution, a return to below 0.795 AUD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DRONESHIELD LIMITED rating is 0.875 AUD. The price registered an increase of +5.42% on the session with the lowest point at 0.815 AUD and the highest point at 0.880 AUD. The deviation from the price is +7.36% for the low point and -0.57% for the high point.

0.815

0.880

0.875

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of DRONESHIELD LIMITED indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.595	0.704	0.795	0.875	0.930	1.120
Change (%)	-32.00%	-19.54%	-9.14%	-	+6.29%	+28.00%
Change	-0.280	-0.171	-0.080	-	+0.055	+0.245
Level	Intermediate	Minor	Minor	-	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.768	0.792	0.833	0.857	0.898	0.922	0.963
Camarilla	0.857	0.863	0.869	0.875	0.881	0.887	0.893
Woodie	0.778	0.796	0.843	0.861	0.908	0.926	0.973
Fibonacci	0.792	0.817	0.832	0.857	0.882	0.897	0.922

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.715	0.746	0.788	0.819	0.861	0.892	0.934
Camarilla	0.810	0.817	0.823	0.830	0.837	0.843	0.850
Woodie	0.721	0.749	0.794	0.822	0.867	0.895	0.940
Fibonacci	0.746	0.774	0.791	0.819	0.847	0.864	0.892

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.290	0.525	0.675	0.910	1.060	1.295	1.445
Camarilla	0.719	0.754	0.790	0.825	0.860	0.896	0.931
Woodie	0.248	0.504	0.633	0.889	1.018	1.274	1.403
Fibonacci	0.525	0.672	0.763	0.910	1.057	1.148	1.295

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.08
MACD (12,26,9):	0.0240
Directional Movement:	8.013
AROON (14):	-35.715
DEMA (21):	0.875
Parabolic SAR (0,02-0,02-0,2):	1.015
Elder Ray (13):	-0.025
Super Trend (3,10):	1.017
Zig ZAG (10):	0.830
VORTEX (21):	0.8960
Stochastique (14,3,5):	13.20
TEMA (21):	0.857
Williams %R (14):	-85.60
Chande Momentum Oscillator (20):	-0.025
Repulse (5,40,3):	-1.1450
ROCnROLL:	-1
TRIX (15,9):	0.7870
Courbe Coppock:	6.50

MA7:	0.823
MA20:	0.855
MA50:	0.764
MA100:	0.599
MAexp7:	0.838
MAexp20:	0.835
MAexp50:	0.757
MAexp100:	0.643
Price / MA7:	+6.32%
Price / MA20:	+2.34%
Price / MA50:	+14.53%
Price / MA100:	+46.08%
Price / MAexp7:	+4.42%
Price / MAexp20:	+4.79%
Price / MAexp50:	+15.59%
Price / MAexp100:	+36.08%

Quotes : - End-of-day data - Australia Stocks

News

The latest news and videos published on DRONESHIELD LIMITED at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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