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Waratah Minerals Limited

WTM.AX Technical Analysis Summary (ASX)

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

WTM.AX●ASX
Basic MaterialsIndustrial Materials
$0.77
$0.02(2.55%)
Australian Market opens in 53h 6m

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

WTM.AX Technical Analysis Summary (ASX)

Waratah Minerals Limited (ASX: WTM.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 63.64)
Trend Strength:Weak (ADX: 16.63)
Volatility:High (ATR: 0.05)
Support/Resistance:$0.68 – $0.83 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 63.64

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 82.97

Bearish
Overbought levels may trigger pullback.

Williams %R: -14.29

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 17.61

Strongly Bullish
Strong upside momentum.

Takeaway:Waratah Minerals Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.02

Bullish
Bullish, trend momentum is strengthening.

ADX: 16.63

Weak
Weak trend, market trading sideways.

ATR (14): 0.05

Low
Low volatility, stable price action.

CCI (14): 199.59

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Waratah Minerals Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.83
Middle Band (SMA 20)
$0.75
Lower Band
$0.68
Current Position
Within Bands

Takeaway:Waratah Minerals Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.86
Middle Line (EMA 20)
$0.76
Lower Channel
$0.66
Squeeze Status
Squeeze On

Takeaway:Waratah Minerals Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume40.71M
Money Flow Index57.78Neutral, balanced money flows with no clear signal.
Relative Vigor Index46.82Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:WTM.AX shows balanced money flow with a slight bullish bias.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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 Waratah Minerals Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: WTM.AX) Technical Analysis FAQ