EVOLUTION MINING LIMITED - Weekly - Technical analysis published on 02/25/2025 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 5.457 AUD
My targets
6.580 AUD (+4.11%)
7.250 AUD (+14.72%)
My analysis
EVOLUTION MINING LIMITED is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.457 AUD. The next resistance located at 6.580 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.250 AUD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EVOLUTION MINING LIMITED rating 6.320 AUD. The price is up +2.60% over 5 days with the lowest point at 6.170 AUD and the highest point at 6.410 AUD. The deviation from the price is +2.43% for the low point and -1.40% for the high point.6.170
6.410
6.320
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this EVOLUTION MINING LIMITED chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.429 | 4.156 | 5.457 | 6.320 | 6.449 |
| Change (%) | -45.74% | -34.24% | -13.66% | - | +2.04% |
| Change | -2.891 | -2.164 | -0.863 | - | +0.129 |
| Level | Intermediate | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.070 | 6.140 | 6.230 | 6.300 | 6.390 | 6.460 | 6.550 |
| Camarilla | 6.276 | 6.291 | 6.305 | 6.320 | 6.335 | 6.349 | 6.364 |
| Woodie | 6.080 | 6.145 | 6.240 | 6.305 | 6.400 | 6.465 | 6.560 |
| Fibonacci | 6.140 | 6.201 | 6.239 | 6.300 | 6.361 | 6.399 | 6.460 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.717 | 5.873 | 6.117 | 6.273 | 6.517 | 6.673 | 6.917 |
| Camarilla | 6.250 | 6.287 | 6.323 | 6.360 | 6.397 | 6.433 | 6.470 |
| Woodie | 5.760 | 5.895 | 6.160 | 6.295 | 6.560 | 6.695 | 6.960 |
| Fibonacci | 5.873 | 6.026 | 6.121 | 6.273 | 6.426 | 6.521 | 6.673 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.920 | 4.360 | 5.030 | 5.470 | 6.140 | 6.580 | 7.250 |
| Camarilla | 5.395 | 5.497 | 5.598 | 5.700 | 5.802 | 5.904 | 6.005 |
| Woodie | 4.035 | 4.418 | 5.145 | 5.528 | 6.255 | 6.638 | 7.365 |
| Fibonacci | 4.360 | 4.784 | 5.046 | 5.470 | 5.894 | 6.156 | 6.580 |
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): | 75.24 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 26.151 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 6.008 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.086 | |
| Elder Ray (13): | 0.603 | |
| Super Trend (3,10): | 5.209 | |
| Zig ZAG (10): | 6.320 | |
| VORTEX (21): | 1.2080 | |
| Stochastique (14,3,5): | 95.67 | |
| TEMA (21): | 6.218 | |
| Williams %R (14): | -6.04 | |
| Chande Momentum Oscillator (20): | 1.240 | |
| Repulse (5,40,3): | 12.1510 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2170 | |
| Courbe Coppock: | 40.31 |
| MA7: | 6.277 | |
| MA20: | 6.057 | |
| MA50: | 5.521 | |
| MA100: | 5.233 | |
| MAexp7: | 5.982 | |
| MAexp20: | 5.402 | |
| MAexp50: | 4.733 | |
| MAexp100: | 4.282 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +4.34% | |
| Price / MA50: | +14.47% | |
| Price / MA100: | +20.77% | |
| Price / MAexp7: | +5.65% | |
| Price / MAexp20: | +16.99% | |
| Price / MAexp50: | +33.53% | |
| Price / MAexp100: | +47.59% |
Quotes :
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End-of-day data
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Australia Stocks
News
The last news published on EVOLUTION MINING LIMITED at the time of the generation of this analysis was as follows:
- Northern Superior and Evolution Mining Enter Earn-in and Joint Venture Agreement on October Gold Property
- Evolution Mining Deploys Aspen Technology Software to Mitigate Unplanned Downtime and Improve Plant Performance
- Battle North Announces the Completion of the Plan of Arrangement with Evolution Mining
- Battle North Obtains Final Order of the Court Approving Arrangement with Evolution Mining
- ISS and Glass Lewis Support the Plan of Arrangement Between Battle North Gold Corporation and Evolution Mining Limited
This member declared not having a position on this financial instrument or a related financial instrument.
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