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Horizon Gold Limited

HRN.AX•ASX
Basic Materials
Gold
$1.53
$0.07(5.15%)
Australian Market opens in 4h 5m

Horizon Gold Limited (HRN.AX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Horizon Gold Limited (ASX:HRN.AX).

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

HRN.AX Technical Analysis Summary

Horizon Gold Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 65.36)
Trend Strength:Very Strong (ADX: 54.46)
Volatility:High (ATR: 0.09)
Support/Resistance:$1.08 – $1.52 (Bollinger Bands)

Technical conditions suggest Horizon Gold Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 65.36

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 77.81

Bullish
Buying momentum building without extremes.

Williams %R: -37.78

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 26.96

Strongly Bullish
Strong upside momentum.

Takeaway:Horizon Gold Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.11

Bullish
Bullish, trend momentum is strengthening.

ADX: 54.46

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.09

Low
Low volatility, stable price action.

CCI (14): 75.99

Bullish
Bullish, momentum building upward.

Takeaway:Horizon Gold Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.52
Middle Band (SMA 20)
$1.30
Lower Band
$1.08
Current Position
Above Upper Band

Takeaway:Horizon Gold Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$1.49
Middle Line (EMA 20)
$1.30
Lower Channel
$1.12
Squeeze Status
No Squeeze

Takeaway:Horizon Gold Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume2.21M
Money Flow Index71.29Bullish, inflows support continued momentum.
Relative Vigor Index50.51Neutral to Bullish, buyers hold a slight edge.

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

Technical Trading Signals Summary
Based on the current technical analysis of Horizon Gold Limited, 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

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Horizon Gold Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

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