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Ballymore Resources Limited

BMR.AX Technical Analysis Summary (ASX)

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

BMR.AX●ASX
Basic MaterialsOther Precious Metals
$0.14
$0.01(7.69%)
Australian Market opens in 4h 57m

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

BMR.AX Technical Analysis Summary (ASX)

Ballymore Resources Limited (ASX: BMR.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: 46.44)
Trend Strength:Weak (ADX: 18.89)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.12 – $0.15 (Bollinger Bands)

Technical conditions suggest Ballymore Resources Limited on the ASX is awaiting a decisive move. This mix signals that Ballymore Resources Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 46.44

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 33.33

Bearish
Momentum remains weak below midpoint.

Williams %R: -60.00

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -1.52

Bearish
Selling pressure outweighs buying.

Takeaway:Ballymore Resources Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 18.89

Weak
Weak trend, market trading sideways.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 17.63

Neutral
Neutral, no strong directional signal.

Takeaway:Ballymore Resources Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.15
Middle Band (SMA 20)
$0.14
Lower Band
$0.12
Current Position
Within Bands

Takeaway:Ballymore Resources Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.15
Middle Line (EMA 20)
$0.13
Lower Channel
$0.12
Squeeze Status
No Squeeze

Takeaway:Ballymore Resources Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-1.93M
Money Flow Index78.62Bullish, inflows support continued momentum.
Relative Vigor Index25.91Bearish, price momentum favors sellers.

Overall Takeaway:BMR.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Ballymore Resources Limited (ASX: BMR.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:Ballymore Resources Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(ASX: BMR.AX) Technical Analysis FAQ