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Golden Horse Minerals Ltd.

GHM.AX Technical Analysis Summary (ASX)

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

GHM.AX●ASX
Basic MaterialsGold
$0.54
$0.02(3.85%)
Australian Market opens in 22h 23m

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

GHM.AX Technical Analysis Summary (ASX)

Golden Horse Minerals Ltd. (ASX: GHM.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 66.18)
Trend Strength:Moderate (ADX: 28.89)
Volatility:High (ATR: 0.03)
Support/Resistance:$0.39 – $0.58 (Bollinger Bands)

Technical conditions suggest Golden Horse Minerals Ltd. on the ASX is awaiting a decisive move. This mix signals that Golden Horse Minerals Ltd. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 66.18

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 67.01

Bullish
Buying momentum building without extremes.

Williams %R: -25.00

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 18.68

Strongly Bullish
Strong upside momentum.

Takeaway:Golden Horse Minerals Ltd. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.02

Bullish
Bullish, trend momentum is strengthening.

ADX: 28.89

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): 88.17

Bullish
Bullish, momentum building upward.

Takeaway:Golden Horse Minerals Ltd. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.58
Middle Band (SMA 20)
$0.48
Lower Band
$0.39
Current Position
Within Bands

Takeaway:Golden Horse Minerals Ltd. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.54
Middle Line (EMA 20)
$0.49
Lower Channel
$0.43
Squeeze Status
No Squeeze

Takeaway:Golden Horse Minerals Ltd. trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume5.54M
Money Flow Index73.96Bullish, inflows support continued momentum.
Relative Vigor Index59.83Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:GHM.AX shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Golden Horse Minerals Ltd. (ASX: GHM.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Golden Horse Minerals Ltd. are mixed, suggesting a Hold or wait-and-see approach.

(ASX: GHM.AX) Technical Analysis FAQ