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Hammer Metals Limited

HMX.AX Technical Analysis Summary (ASX)

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

HMX.AX●ASX
Basic MaterialsOther Precious Metals
$0.06
$0.002(3.08%)
Australian Market opens in 14h 4m

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

HMX.AX Technical Analysis Summary (ASX)

Hammer Metals Limited (ASX: HMX.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 56.79)
Trend Strength:Strong (ADX: 32.28)
Support/Resistance:$0.05 – $0.07 (Bollinger Bands)

Technical conditions suggest Hammer Metals Limited on the ASX is awaiting a decisive move. Technical conditions suggest Hammer Metals Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 56.79

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 58.99

Neutral
Mid-range signal with no clear trend.

Williams %R: -58.33

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 16.67

Strongly Bullish
Strong upside momentum.

Takeaway:Hammer Metals Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 32.28

Strong
Strong trend, momentum well established.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): -26.32

Bearish
Bearish, momentum remains under pressure.

Takeaway:Hammer Metals Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.07
Middle Band (SMA 20)
$0.06
Lower Band
$0.05
Current Position
Within Bands

Takeaway:Hammer Metals Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.07
Middle Line (EMA 20)
$0.06
Lower Channel
$0.05
Squeeze Status
No Squeeze

Takeaway:Hammer Metals Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume19.90M
Money Flow Index54.66Neutral, balanced money flows with no clear signal.
Relative Vigor Index41.07Neutral to Bearish, sellers hold a slight edge.

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

Technical Trading Signals Summary
Based on the current technical analysis of Hammer Metals Limited (ASX: HMX.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

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

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Hammer Metals Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: HMX.AX) Technical Analysis FAQ