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Platina Resources Limited

PGM.AX Technical Analysis Summary (ASX)

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

PGM.AX●ASX
Basic MaterialsOther Precious Metals
$0.03
$0.00(0.00%)
Australian Market opens in 14h 3m

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

PGM.AX Technical Analysis Summary (ASX)

Platina Resources Limited (ASX: PGM.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 63.91)
Trend Strength:Moderate (ADX: 25.32)
Support/Resistance:$0.02 – $0.03 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 63.91

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 60.00

Bullish
Buying momentum building without extremes.

Williams %R: -20.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 13.64

Strongly Bullish
Strong upside momentum.

Takeaway:Platina Resources Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 25.32

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 142.68

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Platina Resources Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.03
Middle Band (SMA 20)
$0.02
Lower Band
$0.02
Current Position
Within Bands

Takeaway:Platina Resources Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.02
Middle Line (EMA 20)
$0.02
Lower Channel
$0.02
Squeeze Status
No Squeeze

Takeaway:Platina Resources Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume775.27K
Money Flow Index51.05Neutral, balanced money flows with no clear signal.
Relative Vigor Index37.91Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Platina Resources Limited (ASX: PGM.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

RVI below 50 → vigor tilted toward sellers.

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

(ASX: PGM.AX) Technical Analysis FAQ