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 - Daily - Technical analysis published on 07/05/2024 (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

89%

11%

My opinion

Bullish above 1.932 AUD

My targets

2.143 AUD (+6.63%)

2.167 AUD (+7.80%)

My analysis

The bullish trend is currently very strong on DRONESHIELD LIMITED. As long as the price remains above the support at 1.932 AUD, you could try to benefit from the boom. The first bullish objective is located at 2.143 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.167 AUD as an objective. Crossing it would then enable buyers to target 2.537 AUD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.9

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

DRONESHIELD LIMITED rating 2.010 AUD. On the day, this instrument gained +4.15% and was traded between 1.880 AUD and 2.030 AUD over the period. The price is currently at +6.91% from its lowest and -0.99% from its highest.

1.880

2.030

2.010

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DRONESHIELD LIMITED:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of DRONESHIELD LIMITED indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.930	1.120	1.700	2.010
Change (%)	-53.73%	-44.28%	-15.42%	-
Change	-1.080	-0.890	-0.310	-
Level	Minor	Major	Minor	-

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	1.767	1.824	1.916	1.973	2.065	2.122	2.214
Camarilla	1.968	1.982	1.995	2.009	2.023	2.036	2.050
Woodie	1.786	1.833	1.935	1.982	2.084	2.131	2.233
Fibonacci	1.824	1.881	1.916	1.973	2.030	2.065	2.122

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.177	1.293	1.507	1.623	1.837	1.953	2.167
Camarilla	1.629	1.660	1.690	1.720	1.750	1.781	1.811
Woodie	1.225	1.318	1.555	1.648	1.885	1.978	2.215
Fibonacci	1.293	1.419	1.497	1.623	1.749	1.827	1.953

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.722	0.933	1.327	1.538	1.932	2.143	2.537
Camarilla	1.554	1.609	1.665	1.720	1.776	1.831	1.886
Woodie	0.813	0.979	1.418	1.584	2.023	2.189	2.628
Fibonacci	0.933	1.164	1.307	1.538	1.769	1.912	2.143

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):	79.70
MACD (12,26,9):	0.1950
Directional Movement:	34.507
AROON (14):	92.857
DEMA (21):	1.835
Parabolic SAR (0,02-0,02-0,2):	1.468
Elder Ray (13):	0.264
Super Trend (3,10):	1.585
Zig ZAG (10):	2.009
VORTEX (21):	1.2250
Stochastique (14,3,5):	98.86
TEMA (21):	1.904
Williams %R (14):	-2.99
Chande Momentum Oscillator (20):	0.469
Repulse (5,40,3):	14.0210
ROCnROLL:	1
TRIX (15,9):	1.9640
Courbe Coppock:	52.45

MA7:	1.766
MA20:	1.571
MA50:	1.200
MA100:	0.971
MAexp7:	1.803
MAexp20:	1.587
MAexp50:	1.300
MAexp100:	1.046
Price / MA7:	+13.82%
Price / MA20:	+27.94%
Price / MA50:	+67.50%
Price / MA100:	+107.00%
Price / MAexp7:	+11.48%
Price / MAexp20:	+26.65%
Price / MAexp50:	+54.62%
Price / MAexp100:	+92.16%

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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