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Sunshine Metals Limited

SHN.AX Technical Analysis Summary (ASX)

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

SHN.AX●ASX
Basic MaterialsOther Precious Metals
$0.04
$0.002(4.88%)
Australian Market opens in NaNh NaNm

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

SHN.AX Technical Analysis Summary (ASX)

Sunshine Metals Limited (ASX: SHN.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 61.02)
Trend Strength:Very Strong (ADX: 42.38)
Support/Resistance:$0.03 – $0.04 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 61.02

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 74.41

Bullish
Buying momentum building without extremes.

Williams %R: -36.36

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 14.71

Strongly Bullish
Strong upside momentum.

Takeaway:Sunshine Metals Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 42.38

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 103.80

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Sunshine Metals Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.04
Middle Band (SMA 20)
$0.04
Lower Band
$0.03
Current Position
Within Bands

Takeaway:Sunshine Metals Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.04
Middle Line (EMA 20)
$0.04
Lower Channel
$0.03
Squeeze Status
No Squeeze

Takeaway:Sunshine Metals Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-12.58M
Money Flow Index56.95Neutral, balanced money flows with no clear signal.
Relative Vigor Index38.94Bearish, price momentum favors sellers.

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

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

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:Technical indicators for Sunshine Metals Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: SHN.AX) Technical Analysis FAQ