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Orezone Gold Corporation

ORE.AX Technical Analysis Summary (ASX)

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

ORE.AX●ASX
Basic MaterialsGold
$2.79
$0.09(3.12%)
Australian Market opens in 22h 24m

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

ORE.AX Technical Analysis Summary (ASX)

Orezone Gold Corporation (ASX: ORE.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 61.06)
Trend Strength:Moderate (ADX: 22.15)
Volatility:Medium (ATR: 0.13)
Support/Resistance:$2.05 – $3.01 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 61.06

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 87.34

Bearish
Overbought levels may trigger pullback.

Williams %R: -17.33

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 27.40

Strongly Bullish
Strong upside momentum.

Takeaway:Orezone Gold Corporation shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.13

Bullish
Bullish, trend momentum is strengthening.

ADX: 22.15

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.13

Low
Low volatility, stable price action.

CCI (14): 70.51

Bullish
Bullish, momentum building upward.

Takeaway:Orezone Gold Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$3.01
Middle Band (SMA 20)
$2.53
Lower Band
$2.05
Current Position
Within Bands

Takeaway:Orezone Gold Corporation trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$2.85
Middle Line (EMA 20)
$2.60
Lower Channel
$2.35
Squeeze Status
No Squeeze

Takeaway:Orezone Gold Corporation trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-4.86M
Money Flow Index33.89Bearish, selling pressure outweighs inflows.
Relative Vigor Index53.19Neutral to Bullish, buyers hold a slight edge.

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

Technical Trading Signals Summary
Based on the current technical analysis of Orezone Gold Corporation (ASX: ORE.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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 Orezone Gold Corporation are mixed, suggesting a Hold or wait-and-see approach.

(ASX: ORE.AX) Technical Analysis FAQ