EVOLUTION MINING LIMITED - Daily - Technical analysis published on 03/06/2025 (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
44%
17%
39%
My opinion
Bullish above 5.890 AUD
My targets
6.449 AUD (+1.88%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EVOLUTION MINING LIMITED as long as the price remains well above 5.890 AUD. The buyers' bullish objective is set at 6.449 AUD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7
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This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EVOLUTION MINING LIMITED price is 6.330 AUD. The price registered an increase of +1.44% on the session with the lowest point at 6.180 AUD and the highest point at 6.340 AUD. The deviation from the price is +2.43% for the low point and -0.16% for the high point.6.180
6.340
6.330
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EVOLUTION MINING LIMITED:
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 Daily of this EVOLUTION MINING LIMITED chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.493 | 5.457 | 5.890 | 6.330 | 6.449 |
| Change (%) | -29.02% | -13.79% | -6.95% | - | +1.88% |
| Change | -1.837 | -0.873 | -0.440 | - | +0.119 |
| Level | Major | Major | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.067 | 6.123 | 6.227 | 6.283 | 6.387 | 6.443 | 6.547 |
| Camarilla | 6.286 | 6.301 | 6.315 | 6.330 | 6.345 | 6.359 | 6.374 |
| Woodie | 6.090 | 6.135 | 6.250 | 6.295 | 6.410 | 6.455 | 6.570 |
| Fibonacci | 6.123 | 6.185 | 6.222 | 6.283 | 6.345 | 6.382 | 6.443 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.617 | 5.823 | 5.957 | 6.163 | 6.297 | 6.503 | 6.637 |
| Camarilla | 5.997 | 6.028 | 6.059 | 6.090 | 6.121 | 6.152 | 6.184 |
| Woodie | 5.580 | 5.805 | 5.920 | 6.145 | 6.260 | 6.485 | 6.600 |
| Fibonacci | 5.823 | 5.953 | 6.034 | 6.163 | 6.293 | 6.374 | 6.503 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.820 | 5.210 | 5.650 | 6.040 | 6.480 | 6.870 | 7.310 |
| Camarilla | 5.862 | 5.938 | 6.014 | 6.090 | 6.166 | 6.242 | 6.318 |
| Woodie | 4.845 | 5.223 | 5.675 | 6.053 | 6.505 | 6.883 | 7.335 |
| Fibonacci | 5.210 | 5.527 | 5.723 | 6.040 | 6.357 | 6.553 | 6.870 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.35 | |
| MACD (12,26,9): | 0.1540 | |
| Directional Movement: | 7.422 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 6.367 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.373 | |
| Elder Ray (13): | 0.050 | |
| Super Trend (3,10): | 5.833 | |
| Zig ZAG (10): | 6.330 | |
| VORTEX (21): | 1.0270 | |
| Stochastique (14,3,5): | 51.67 | |
| TEMA (21): | 6.329 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.120 | |
| Repulse (5,40,3): | 3.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4880 | |
| Courbe Coppock: | 4.00 |
| MA7: | 6.233 | |
| MA20: | 6.207 | |
| MA50: | 5.668 | |
| MA100: | 5.333 | |
| MAexp7: | 6.242 | |
| MAexp20: | 6.138 | |
| MAexp50: | 5.792 | |
| MAexp100: | 5.389 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | +1.98% | |
| Price / MA50: | +11.68% | |
| Price / MA100: | +18.69% | |
| Price / MAexp7: | +1.41% | |
| Price / MAexp20: | +3.13% | |
| Price / MAexp50: | +9.29% | |
| Price / MAexp100: | +17.46% |
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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