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New Murchison Gold Limited

NMG.AX Technical Analysis Summary (ASX)

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

NMG.AX●ASX
Basic MaterialsOther Precious Metals
$0.04
$0.003(6.25%)
Australian Market opens in 13h 18m

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

NMG.AX Technical Analysis Summary (ASX)

New Murchison Gold Limited (ASX: NMG.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.30)
Trend Strength:Weak (ADX: 11.93)
Support/Resistance:$0.04 – $0.05 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 52.30

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 76.67

Bullish
Buying momentum building without extremes.

Williams %R: -50.00

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -4.26

Bearish
Selling pressure outweighs buying.

Takeaway:New Murchison Gold Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 11.93

Weak
Weak trend, market trading sideways.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 55.46

Bullish
Bullish, momentum building upward.

Takeaway:New Murchison Gold Limited shows a neutral trend, with weak conviction and limited volatility.

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

Takeaway:New Murchison Gold 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
$0.04
Squeeze Status
No Squeeze

Takeaway:New Murchison Gold Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-268.59M
Money Flow Index54.77Neutral, balanced money flows with no clear signal.
Relative Vigor Index52.90Neutral to Bullish, buyers hold a slight edge.

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

Technical Trading Signals Summary
Based on the current technical analysis of New Murchison Gold Limited (ASX: NMG.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

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:New Murchison Gold Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(ASX: NMG.AX) Technical Analysis FAQ