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Midas Minerals Limited

MM1.AX Technical Analysis Summary (ASX)

Analyze MM1.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MM1.AX●ASX
Basic MaterialsOther Precious Metals
$0.74
$0.02(2.63%)
Australian Market opens in 14h 9m

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

MM1.AX Technical Analysis Summary (ASX)

Midas Minerals Limited (ASX: MM1.AX) stock currently shows a bearish trend on the ASX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 33.53)
Trend Strength:Strong (ADX: 31.11)
Volatility:High (ATR: 0.05)
Support/Resistance:$0.71 – $0.95 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 33.53

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 20.07

Bearish
Momentum remains weak below midpoint.

Williams %R: -83.33

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -15.91

Strongly Bearish
Sharp downside momentum.

Takeaway:Midas Minerals Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.05

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 31.11

Strong
Strong trend, momentum well established.

ATR (14): 0.05

Low
Low volatility, stable price action.

CCI (14): -96.92

Bearish
Bearish, momentum remains under pressure.

Takeaway:Midas Minerals Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.95
Middle Band (SMA 20)
$0.83
Lower Band
$0.71
Current Position
Within Bands

Takeaway:Midas Minerals Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.91
Middle Line (EMA 20)
$0.82
Lower Channel
$0.72
Squeeze Status
No Squeeze

Takeaway:Midas Minerals Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume484.82K
Money Flow Index44.74Neutral, balanced money flows with no clear signal.
Relative Vigor Index42.25Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:MM1.AX shows balanced money flow with a slight bearish tilt.

Technical Trading Signals Summary
Based on the current technical analysis of Midas Minerals Limited (ASX: MM1.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

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

RVI below 50 → vigor tilted toward sellers.

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

(ASX: MM1.AX) Technical Analysis FAQ