DRONESHIELD LIMITED - Weekly - Technical analysis published on 02/26/2023 (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
83%
0%
17%
My opinion
Bullish above 0.332 AUD
My targets
0.400 AUD (+14.29%)
0.440 AUD (+25.71%)
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 0.332 AUD. The buyers' bullish objective is set at 0.400 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target 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.
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
8.8
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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 DRONESHIELD LIMITED rating is 0.350 AUD. The price is up +12.90% over 5 days and has been traded over the last 5 days between 0.310 AUD and 0.358 AUD. This implies that the 5 day price is +12.90% from its lowest point and -2.10% from its highest point.0.310
0.358
0.350
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 0.228 | 0.294 | 0.345 | 0.350 | 0.400 | 0.440 |
Change (%) | -34.86% | -16.00% | -1.43% | - | +14.29% | +25.71% |
Change | -0.122 | -0.056 | -0.005 | - | +0.050 | +0.090 |
Level | Intermediate | Major | Intermediate | - | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.299 | 0.312 | 0.331 | 0.344 | 0.363 | 0.376 | 0.395 |
Camarilla | 0.341 | 0.344 | 0.347 | 0.350 | 0.353 | 0.356 | 0.359 |
Woodie | 0.302 | 0.314 | 0.334 | 0.346 | 0.366 | 0.378 | 0.398 |
Fibonacci | 0.312 | 0.324 | 0.332 | 0.344 | 0.356 | 0.364 | 0.376 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.253 | 0.277 | 0.293 | 0.317 | 0.333 | 0.357 | 0.373 |
Camarilla | 0.299 | 0.303 | 0.306 | 0.310 | 0.314 | 0.317 | 0.321 |
Woodie | 0.250 | 0.275 | 0.290 | 0.315 | 0.330 | 0.355 | 0.370 |
Fibonacci | 0.277 | 0.292 | 0.301 | 0.317 | 0.332 | 0.341 | 0.357 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 68.60 | |
MACD (12,26,9): | 0.0390 | |
Directional Movement: | 22.535 | |
AROON (14): | 35.715 | |
DEMA (21): | 0.310 | |
Parabolic SAR (0,02-0,02-0,2): | 0.275 | |
Elder Ray (13): | 0.046 | |
Super Trend (3,10): | 0.253 | |
Zig ZAG (10): | 0.350 | |
VORTEX (21): | 1.1800 | |
Stochastique (14,3,5): | 60.54 | |
TEMA (21): | 0.339 | |
Williams %R (14): | -28.57 | |
Chande Momentum Oscillator (20): | 0.147 | |
Repulse (5,40,3): | 4.0230 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.7710 | |
Courbe Coppock: | 122.29 |
MA7: | 0.326 | |
MA20: | 0.337 | |
MA50: | 0.282 | |
MA100: | 0.238 | |
MAexp7: | 0.316 | |
MAexp20: | 0.266 | |
MAexp50: | 0.228 | |
MAexp100: | 0.207 | |
Price / MA7: | +7.36% | |
Price / MA20: | +3.86% | |
Price / MA50: | +24.11% | |
Price / MA100: | +47.06% | |
Price / MAexp7: | +10.76% | |
Price / MAexp20: | +31.58% | |
Price / MAexp50: | +53.51% | |
Price / MAexp100: | +69.08% |
Quotes :
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End-of-day data
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Australia Stocks
News
The latest news and videos published on DRONESHIELD LIMITED at the time of the analysis were as follows:
- DroneShield Announces A Second $11 million Sale, Strong Momentum into 2023
- DroneShield talks threat protection solutions amid Russia-Ukraine war
- DroneShield Limited (DRO.AX) Appoints Matt McCrann as its U.S. CEO
- DroneShield Ltd (DRO.AX) Receives First of its Kind Exemption by ACMA
- DroneShield Ltd (DRO.AX) Five Eyes Defence Agency Order
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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