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Redstone Resources Limited

RDS.AX Technical Analysis Summary (ASX)

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

RDS.AX●ASX
Basic MaterialsCopper
$0.003
$0.00(0.00%)
Australian Market opens in 13h 20m

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

RDS.AX Technical Analysis Summary (ASX)

Redstone Resources Limited (ASX: RDS.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: 48.90)
Trend Strength:Very Strong (ADX: 40.19)
Support/Resistance:$0.00 – $0.00 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 48.90

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 100.00

Bearish
Overbought levels may trigger pullback.

Williams %R: 0.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 0.00

Neutral
Price change is minimal.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 40.19

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 35.90

Bullish
Bullish, momentum building upward.

Takeaway:Redstone Resources Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
-
Middle Band (SMA 20)
-
Lower Band
-
Current Position
Unknown
Keltner Channels
Upper Channel
-
Middle Line (EMA 20)
-
Lower Channel
-
Squeeze Status
Unknown
Volume & Money Flow Analysis
On-Balance Volume2.85M
Money Flow Index0.14Bullish, oversold conditions signal rebound potential.
Relative Vigor Index8.38Bearish, price momentum favors sellers.

Overall Takeaway:RDS.AX shows oversold money flow, with rebound potential building.

Technical Trading Signals Summary
Based on the current technical analysis of Redstone Resources Limited (ASX: RDS.AX), here are the key trading signals and recommendations:

Bullish Signals

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

Price near upper Bollinger Band → potential resistance and pullback risk.

RVI below 50 → vigor tilted toward sellers.

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

(ASX: RDS.AX) Technical Analysis FAQ