WEST WITS MINING LIMITED - Daily - Technical analysis published on 03/18/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.017 AUD
My targets
0.019 AUD (+5.56%)
0.020 AUD (+11.11%)
My analysis
The bullish trend is currently very strong on WEST WITS MINING LIMITED. As long as the price remains above the support at 0.017 AUD, you could try to benefit from the boom. The first bullish objective is located at 0.019 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.020 AUD as an objective. Crossing it would then enable buyers to target 0.047 AUD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Ferret. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WEST WITS MINING LIMITED rating 0.018 AUD. On the day, this instrument gained +0.00% and was between 0.018 AUD and 0.019 AUD. This implies that the price is at 0% from its lowest and at -5.26% from its highest.0.018
0.019
0.018
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this WEST WITS MINING LIMITED chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1 (Daily)
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1 (Weekly)
Type : Neutral
Timeframe : Daily
Price is back under the pivot point (Monthly)
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1 (Monthly)
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.013 | 0.016 | 0.017 | 0.018 | 0.019 | 0.020 | 0.047 |
| Change (%) | -27.78% | -11.11% | -5.56% | - | +5.56% | +11.11% | +161.11% |
| Change | -0.005 | -0.002 | -0.001 | - | +0.001 | +0.002 | +0.029 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
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 | 0.017 | 0.017 | 0.018 | 0.018 | 0.019 | 0.019 | 0.020 |
| Camarilla | 0.018 | 0.018 | 0.018 | 0.018 | 0.018 | 0.018 | 0.018 |
| Woodie | 0.017 | 0.017 | 0.018 | 0.018 | 0.019 | 0.019 | 0.020 |
| Fibonacci | 0.017 | 0.018 | 0.018 | 0.018 | 0.019 | 0.019 | 0.019 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014 | 0.014 | 0.016 | 0.016 | 0.018 | 0.018 | 0.020 |
| Camarilla | 0.017 | 0.017 | 0.017 | 0.017 | 0.017 | 0.017 | 0.018 |
| Woodie | 0.014 | 0.015 | 0.016 | 0.017 | 0.018 | 0.019 | 0.020 |
| Fibonacci | 0.014 | 0.015 | 0.016 | 0.016 | 0.017 | 0.018 | 0.018 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006 | 0.010 | 0.014 | 0.018 | 0.022 | 0.026 | 0.030 |
| Camarilla | 0.015 | 0.016 | 0.016 | 0.017 | 0.018 | 0.019 | 0.019 |
| Woodie | 0.005 | 0.010 | 0.013 | 0.018 | 0.021 | 0.026 | 0.029 |
| Fibonacci | 0.010 | 0.013 | 0.015 | 0.018 | 0.021 | 0.023 | 0.026 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.54 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 9.541 | |
| AROON (14): | 21.429 | |
| DEMA (21): | 0.017 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021 | |
| Elder Ray (13): | 0.002 | |
| Super Trend (3,10): | 0.016 | |
| Zig ZAG (10): | 0.018 | |
| VORTEX (21): | 0.9350 | |
| Stochastique (14,3,5): | 80.56 | |
| TEMA (21): | 0.017 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.001 | |
| Repulse (5,40,3): | -4.7090 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1710 | |
| Courbe Coppock: | 2.55 |
| MA7: | 0.017 | |
| MA20: | 0.017 | |
| MA50: | 0.016 | |
| MA100: | 0.015 | |
| MAexp7: | 0.017 | |
| MAexp20: | 0.017 | |
| MAexp50: | 0.016 | |
| MAexp100: | 0.016 | |
| Price / MA7: | +5.88% | |
| Price / MA20: | +5.88% | |
| Price / MA50: | +12.50% | |
| Price / MA100: | +20.00% | |
| Price / MAexp7: | +5.88% | |
| Price / MAexp20: | +5.88% | |
| Price / MAexp50: | +12.50% | |
| Price / MAexp100: | +12.50% |
Quotes :
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End-of-day data
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Australia Stocks
News
The latest news and videos published on WEST WITS MINING 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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