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Mount Ridley Mines Limited

MRD.AX Technical Analysis Summary (ASX)

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

MRD.AX●ASX
Basic MaterialsOther Precious Metals
$0.05
$0.001(2.22%)
Australian Market opens in 4h 58m

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

MRD.AX Technical Analysis Summary (ASX)

Mount Ridley Mines Limited (ASX: MRD.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 61.15)
Trend Strength:Strong (ADX: 39.53)
Support/Resistance:$0.03 – $0.05 (Bollinger Bands)

Technical conditions suggest Mount Ridley Mines Limited on the ASX is awaiting a decisive move. Technical conditions suggest Mount Ridley Mines Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 61.15

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 45.10

Neutral
Mid-range signal with no clear trend.

Williams %R: -41.18

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 9.30

Strongly Bullish
Strong upside momentum.

Takeaway:Mount Ridley Mines Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 39.53

Strong
Strong trend, momentum well established.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 86.75

Bullish
Bullish, momentum building upward.

Takeaway:Mount Ridley Mines Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.05
Middle Band (SMA 20)
$0.04
Lower Band
$0.03
Current Position
Within Bands

Takeaway:Mount Ridley Mines Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.05
Middle Line (EMA 20)
$0.04
Lower Channel
$0.03
Squeeze Status
No Squeeze

Takeaway:Mount Ridley Mines Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume71.48M
Money Flow Index63.23Bullish, inflows support continued momentum.
Relative Vigor Index53.94Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:MRD.AX shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Mount Ridley Mines Limited (ASX: MRD.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

No significant bearish signals detected.

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

(ASX: MRD.AX) Technical Analysis FAQ