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Medallion Metals Limited

MM8.AX Technical Analysis Summary (ASX)

Analyze MM8.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MM8.AX●ASX
Basic MaterialsOther Precious Metals
$0.40
$0.02(5.88%)
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

MM8.AX Technical Analysis Summary (ASX)

Medallion Metals Limited (ASX: MM8.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: 44.26)
Trend Strength:Weak (ADX: 13.29)
Volatility:High (ATR: 0.03)
Support/Resistance:$0.38 – $0.46 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 44.26

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 48.72

Neutral
Mid-range signal with no clear trend.

Williams %R: -84.62

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -9.09

Strongly Bearish
Sharp downside momentum.

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

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 13.29

Weak
Weak trend, market trading sideways.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): -124.79

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Medallion Metals Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.46
Middle Band (SMA 20)
$0.42
Lower Band
$0.38
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$0.48
Middle Line (EMA 20)
$0.42
Lower Channel
$0.37
Squeeze Status
Squeeze On

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

Volume & Money Flow Analysis
On-Balance Volume473.86K
Money Flow Index44.18Neutral, balanced money flows with no clear signal.
Relative Vigor Index34.80Bearish, price momentum favors sellers.

Overall Takeaway:MM8.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Medallion Metals Limited (ASX: MM8.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:Technical indicators for Medallion Metals Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: MM8.AX) Technical Analysis FAQ