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 - Weekly - Technical analysis published on 02/20/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.294 AUD

My targets

0.345 AUD (+11.29%)

0.400 AUD (+29.03%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DRONESHIELD LIMITED as long as the price remains well above 0.294 AUD. The buyers' bullish objective is set at 0.345 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.400 AUD. If there is any crossing, the next objective would be the resistance located at 0.440 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 0.310 AUD. The price is lower by -1.59% over the 5 days with the lowest point at 0.310 AUD and the highest point at 0.340 AUD. The deviation from the price is 0% for the low point and -8.82% for the high point.

0.310

0.340

0.310

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

Abnormal volumes on DRONESHIELD LIMITED were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of DRONESHIELD LIMITED in Weekly shows a strongly overall 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.

An assessment of technical indicators shows a strong bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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:

Horizontal support is broken

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.163	0.228	0.294	0.310	0.345	0.400	0.440
Change (%)	-47.42%	-26.45%	-5.16%	-	+11.29%	+29.03%	+41.94%
Change	-0.147	-0.082	-0.016	-	+0.035	+0.090	+0.130
Level	Major	Major	Major	-	Minor	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	0.270	0.290	0.300	0.320	0.330	0.350	0.360
Camarilla	0.302	0.305	0.307	0.310	0.313	0.316	0.318
Woodie	0.265	0.288	0.295	0.318	0.325	0.348	0.355
Fibonacci	0.290	0.302	0.309	0.320	0.332	0.339	0.350

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.243	0.277	0.293	0.327	0.343	0.377	0.393
Camarilla	0.296	0.301	0.305	0.310	0.315	0.319	0.324
Woodie	0.235	0.273	0.285	0.323	0.335	0.373	0.385
Fibonacci	0.277	0.296	0.308	0.327	0.346	0.358	0.377

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.038	0.127	0.243	0.332	0.448	0.537	0.653
Camarilla	0.304	0.322	0.341	0.360	0.379	0.398	0.416
Woodie	0.053	0.134	0.258	0.339	0.463	0.544	0.668
Fibonacci	0.127	0.205	0.253	0.332	0.410	0.458	0.537

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):	63.45
MACD (12,26,9):	0.0360
Directional Movement:	21.243
AROON (14):	35.714
DEMA (21):	0.297
Parabolic SAR (0,02-0,02-0,2):	0.258
Elder Ray (13):	0.042
Super Trend (3,10):	0.253
Zig ZAG (10):	0.310
VORTEX (21):	1.1680
Stochastique (14,3,5):	63.27
TEMA (21):	0.325
Williams %R (14):	-44.90
Chande Momentum Oscillator (20):	0.105
Repulse (5,40,3):	-11.9650
ROCnROLL:	1
TRIX (15,9):	1.5660
Courbe Coppock:	111.24

MA7:	0.319
MA20:	0.344
MA50:	0.269
MA100:	0.230
MAexp7:	0.305
MAexp20:	0.257
MAexp50:	0.223
MAexp100:	0.205
Price / MA7:	-2.82%
Price / MA20:	-9.88%
Price / MA50:	+15.24%
Price / MA100:	+34.78%
Price / MAexp7:	+1.64%
Price / MAexp20:	+20.62%
Price / MAexp50:	+39.01%
Price / MAexp100:	+51.22%

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

News

Don't forget to follow the news on DRONESHIELD LIMITED. At the time of publication of this analysis, the latest news was as follows:

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

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