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Horizon Gold Limited

HRN.AX Technical Analysis Summary (ASX)

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

HRN.AX●ASX
$1.05
$0.00(0.00%)
Australian Market opens in 0h 33m

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 (ASX)

Horizon Gold Limited (ASX: HRN.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: 46.10)
Trend Strength:Weak (ADX: 16.58)
Volatility:Medium (ATR: 0.05)
Support/Resistance:$1.01 – $1.16 (Bollinger Bands)

Technical conditions suggest Horizon Gold Limited on the ASX is awaiting a decisive move. This mix signals that Horizon Gold Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 46.10

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 46.88

Neutral
Mid-range signal with no clear trend.

Williams %R: -65.63

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -4.09

Bearish
Selling pressure outweighs buying.

Takeaway:Horizon Gold Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 16.58

Weak
Weak trend, market trading sideways.

ATR (14): 0.05

Low
Low volatility, stable price action.

CCI (14): -19.94

Neutral
Neutral, no strong directional signal.

Takeaway:Horizon Gold Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.16
Middle Band (SMA 20)
$1.09
Lower Band
$1.01
Current Position
Within Bands

Takeaway:Horizon Gold Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$1.17
Middle Line (EMA 20)
$1.08
Lower Channel
$0.99
Squeeze Status
Squeeze On

Takeaway:Horizon Gold Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume87.32K
Money Flow Index29.34Bearish, selling pressure outweighs inflows.
Relative Vigor Index24.02Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Horizon Gold Limited (ASX: HRN.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:Horizon Gold Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(ASX: HRN.AX) Technical Analysis FAQ