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
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 5.890 AUD. The next resistance located at 6.449 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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 rating is 6.330 AUD. On the day, this instrument gained +1.44% and was between 6.180 AUD and 6.340 AUD. This implies that the price is at +2.43% from its lowest and at -0.16% from its highest.6.180
6.340
6.330
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
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
Technical analysis of this Daily chart of EVOLUTION MINING LIMITED indicates that the overall trend is strongly bullish. 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.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 |
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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
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 :
-
End-of-day data
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Australia Stocks
News
The latest news and videos published on EVOLUTION MINING LIMITED at the time of the analysis were 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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