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29Metals Limited

29M.AX Technical Analysis Summary (ASX)

Analyze 29M.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

29M.AX●ASX
Basic MaterialsOther Precious Metals
$0.24
$0.02(7.69%)
Australian Market opens in 13h 21m

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

29M.AX Technical Analysis Summary (ASX)

29Metals Limited (ASX: 29M.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 47.65)
Trend Strength:Weak (ADX: 15.35)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.22 – $0.27 (Bollinger Bands)

Technical conditions suggest 29Metals Limited on the ASX is awaiting a decisive move. Technical conditions suggest 29Metals Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 47.65

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 50.00

Neutral
Mid-range signal with no clear trend.

Williams %R: -60.00

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -7.69

Strongly Bearish
Sharp downside momentum.

Takeaway:29Metals Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.35

Weak
Weak trend, market trading sideways.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): 42.65

Bullish
Bullish, momentum building upward.

Takeaway:29Metals Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.27
Middle Band (SMA 20)
$0.24
Lower Band
$0.22
Current Position
Within Bands

Takeaway:29Metals Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.27
Middle Line (EMA 20)
$0.24
Lower Channel
$0.21
Squeeze Status
Squeeze On

Takeaway:29Metals Limited trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume25.83M
Money Flow Index36.13Bearish, selling pressure outweighs inflows.
Relative Vigor Index34.81Bearish, price momentum favors sellers.

Overall Takeaway:29M.AX shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of 29Metals Limited (ASX: 29M.AX), here are the key trading signals and recommendations:

Bullish Signals

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:29Metals Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(ASX: 29M.AX) Technical Analysis FAQ