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Desoto Resources Ltd

DES.AX Technical Analysis Summary (ASX)

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

DES.AX●ASX
Basic MaterialsOther Precious Metals
$0.13
$0.005(3.70%)
Australian Market opens in 4h 51m

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

DES.AX Technical Analysis Summary (ASX)

Desoto Resources Ltd (ASX: DES.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: 44.41)
Trend Strength:Weak (ADX: 17.92)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.12 – $0.16 (Bollinger Bands)

Technical conditions suggest Desoto Resources Ltd on the ASX is awaiting a decisive move. Technical conditions suggest Desoto Resources Ltd is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 44.41

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 7.14

Bullish
Oversold zone signals rebound potential.

Williams %R: -100.00

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -3.70

Bearish
Selling pressure outweighs buying.

Takeaway:Desoto Resources Ltd shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 17.92

Weak
Weak trend, market trading sideways.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): -88.82

Bearish
Bearish, momentum remains under pressure.

Takeaway:Desoto Resources Ltd shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.16
Middle Band (SMA 20)
$0.14
Lower Band
$0.12
Current Position
Within Bands

Takeaway:Desoto Resources Ltd trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.15
Middle Line (EMA 20)
$0.14
Lower Channel
$0.13
Squeeze Status
No Squeeze

Takeaway:Desoto Resources Ltd trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume7.43M
Money Flow Index29.71Bearish, selling pressure outweighs inflows.
Relative Vigor Index35.12Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Desoto Resources Ltd (ASX: DES.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:Technical indicators for Desoto Resources Ltd are mixed, suggesting a Hold or wait-and-see approach.

(ASX: DES.AX) Technical Analysis FAQ