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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
$0.12
$0.005(4.35%)
Australian Market opens in 5h 55m

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: 42.68)
Trend Strength:Moderate (ADX: 20.87)
Support/Resistance:$0.11 – $0.14 (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): 42.68

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 19.44

Bullish
Oversold zone signals rebound potential.

Williams %R: -66.67

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -7.69

Strongly Bearish
Sharp downside momentum.

Takeaway:Desoto Resources Ltd shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 20.87

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): -17.07

Neutral
Neutral, no strong directional signal.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.14
Middle Band (SMA 20)
$0.12
Lower Band
$0.11
Current Position
Within Bands

Takeaway:Desoto Resources Ltd trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.13
Middle Line (EMA 20)
$0.12
Lower Channel
$0.12
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 Volume6.50M
Money Flow Index2.30Bullish, oversold conditions signal rebound potential.
Relative Vigor Index21.85Bearish, price momentum favors sellers.

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

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

ADX above 20 → strong underlying trend.

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