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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
$1.52
$0.02(1.33%)
Australian Market opens in 53h 6m

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 neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 46.29)
Trend Strength:Strong (ADX: 34.89)
Volatility:High (ATR: 0.10)
Support/Resistance:$1.35 – $2.00 (Bollinger Bands)

Technical conditions suggest Metals X Limited on the ASX is awaiting a decisive move. Overall, Metals X Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 46.29

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 36.48

Bearish
Momentum remains weak below midpoint.

Williams %R: -19.23

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): -2.35

Bearish
Selling pressure outweighs buying.

Takeaway:Metals X Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.10

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 34.89

Strong
Strong trend, momentum well established.

ATR (14): 0.10

Low
Low volatility, stable price action.

CCI (14): 42.35

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.00
Middle Band (SMA 20)
$1.68
Lower Band
$1.35
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$1.87
Middle Line (EMA 20)
$1.68
Lower Channel
$1.49
Squeeze Status
No Squeeze

Takeaway:Metals X Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume21.20M
Money Flow Index40.18Neutral, balanced money flows with no clear signal.
Relative Vigor Index45.92Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:MLX.AX shows neutral money flow, with no clear directional pressure.

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

ADX above 20 → strong underlying trend.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Metals X Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: MLX.AX) Technical Analysis FAQ