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Broken Hill Mines Limited

BHM.AX Technical Analysis Summary (ASX)

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

BHM.AX●ASX
Basic MaterialsOther Precious Metals
$0.65
$0.01(1.56%)
Australian Market opens in 4h 58m

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

BHM.AX Technical Analysis Summary (ASX)

Broken Hill Mines Limited (ASX: BHM.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: 40.44)
Trend Strength:Moderate (ADX: 24.86)
Volatility:Medium (ATR: 0.03)
Support/Resistance:$0.59 – $0.87 (Bollinger Bands)

Technical conditions suggest Broken Hill Mines Limited on the ASX is awaiting a decisive move. Overall, Broken Hill Mines Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 40.44

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 12.34

Bullish
Oversold zone signals rebound potential.

Williams %R: -73.08

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -10.07

Strongly Bearish
Sharp downside momentum.

Takeaway:Broken Hill Mines Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.03

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 24.86

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): -50.34

Bearish
Bearish, momentum remains under pressure.

Takeaway:Broken Hill Mines Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.87
Middle Band (SMA 20)
$0.73
Lower Band
$0.59
Current Position
Within Bands

Takeaway:Broken Hill Mines Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.77
Middle Line (EMA 20)
$0.70
Lower Channel
$0.64
Squeeze Status
No Squeeze

Takeaway:Broken Hill Mines Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-5.74M
Money Flow Index17.70Bullish, oversold conditions signal rebound potential.
Relative Vigor Index20.31Bearish, price momentum favors sellers.

Overall Takeaway:BHM.AX shows oversold money flow, with rebound potential building.

Technical Trading Signals Summary
Based on the current technical analysis of Broken Hill Mines Limited (ASX: BHM.AX), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Broken Hill Mines Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: BHM.AX) Technical Analysis FAQ