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Dragon Mining Limited

1712.HK Technical Analysis Summary (HKSE)

Analyze 1712.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

1712.HK●HKSE
Basic MaterialsGold
HK$7.44
HK$0.36(4.62%)
Hong Kong Market opens in 4h 0m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

1712.HK Technical Analysis Summary (HKSE)

Dragon Mining Limited (HKSE: 1712.HK) stock currently shows a bullish trend on the HKSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 66.65)
Trend Strength:Very Strong (ADX: 41.19)
Volatility:High (ATR: 0.54)
Support/Resistance:$3.29 – $8.64 (Bollinger Bands)

Technical conditions suggest Dragon Mining Limited on the HKSE is awaiting a decisive move. Overall, Dragon Mining Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 66.65

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 72.26

Bullish
Buying momentum building without extremes.

Williams %R: -30.79

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 45.03

Strongly Bullish
Strong upside momentum.

Takeaway:Dragon Mining Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.73

Bullish
Bullish, trend momentum is strengthening.

ADX: 41.19

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.54

Low
Low volatility, stable price action.

CCI (14): 52.47

Bullish
Bullish, momentum building upward.

Takeaway:Dragon Mining Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$8.64
Middle Band (SMA 20)
$5.96
Lower Band
$3.29
Current Position
Within Bands

Takeaway:Dragon Mining Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$7.44
Middle Line (EMA 20)
$6.36
Lower Channel
$5.29
Squeeze Status
No Squeeze

Takeaway:Dragon Mining Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume2.17M
Money Flow Index78.77Bullish, inflows support continued momentum.
Relative Vigor Index48.80Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:1712.HK shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Dragon Mining Limited (HKSE: 1712.HK), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Dragon Mining Limited are mixed, suggesting a Hold or wait-and-see approach.

(HKSE: 1712.HK) Technical Analysis FAQ