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Resource Mining Corporation Limited

RMI.AX Technical Analysis Summary (ASX)

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

RMI.AX●ASX
Basic MaterialsOther Precious Metals
$0.13
$0.00(0.00%)
Australian Market opens in 6h 0m

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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

RMI.AX Technical Analysis Summary (ASX)

Resource Mining Corporation Limited (ASX: RMI.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: 40.96)
Trend Strength:Very Strong (ADX: 67.06)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.12 – $0.15 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 40.96

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 38.89

Bearish
Momentum remains weak below midpoint.

Williams %R: -33.33

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 0.00

Neutral
Price change is minimal.

Takeaway:Resource Mining Corporation Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 67.06

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): -142.12

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Resource Mining Corporation Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.15
Middle Band (SMA 20)
$0.13
Lower Band
$0.12
Current Position
Within Bands

Takeaway:Resource Mining Corporation Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.15
Middle Line (EMA 20)
$0.14
Lower Channel
$0.12
Squeeze Status
No Squeeze

Takeaway:Resource Mining Corporation Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-4.94M
Money Flow Index44.54Neutral, balanced money flows with no clear signal.
Relative Vigor Index35.06Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Resource Mining Corporation Limited (ASX: RMI.AX), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Resource Mining Corporation Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: RMI.AX) Technical Analysis FAQ