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Metals X Limited

MLX.AX Technical Analysis Summary (ASX)

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

MLX.AX●ASX
Basic MaterialsIndustrial Materials
$1.83
$0.08(4.19%)
Australian Market opens in 4h 15m

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

MLX.AX Technical Analysis Summary (ASX)

Metals X Limited (ASX: MLX.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 62.15)
Trend Strength:Strong (ADX: 34.01)
Volatility:Medium (ATR: 0.08)
Support/Resistance:$1.77 – $1.96 (Bollinger Bands)

Technical conditions suggest Metals X Limited on the ASX is awaiting a decisive move. This mix signals that Metals X Limited is trading with strong momentum and healthy trend support.

Momentum Indicators

RSI (14): 62.15

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 65.76

Bullish
Buying momentum building without extremes.

Williams %R: -40.91

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 1.61

Bullish
Steady upward momentum.

Takeaway:Metals X Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.08

Bullish
Bullish, trend momentum is strengthening.

ADX: 34.01

Strong
Strong trend, momentum well established.

ATR (14): 0.08

Low
Low volatility, stable price action.

CCI (14): 12.07

Neutral
Neutral, no strong directional signal.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.96
Middle Band (SMA 20)
$1.87
Lower Band
$1.77
Current Position
Within Bands

Takeaway:Metals X Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$1.99
Middle Line (EMA 20)
$1.83
Lower Channel
$1.68
Squeeze Status
Squeeze On

Takeaway:Metals X Limited trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume-12.23M
Money Flow Index38.23Bearish, selling pressure outweighs inflows.
Relative Vigor Index42.60Neutral to Bearish, sellers hold a slight edge.

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

Technical Trading Signals Summary
Based on the current technical analysis of Metals X Limited (ASX: MLX.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.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

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

(ASX: MLX.AX) Technical Analysis FAQ