1. Trend Analysis:
Long-Term Trend:
The stock has been in an overall uptrend from 2019 to mid-2023, characterized by higher highs and higher lows.
Recent Downward Movement:
Recently, the stock has experienced a significant pullback from its highs around 12 AUD to the current level of 8.89 AUD, breaking below several key moving averages.
2. Moving Averages...
The current price is AUD 15.86, reflecting a significant drop of 10.04% from the previous close. This suggests a sharp negative sentiment and reaction to recent business update and outlook provided.
Support and Resistance Levels
Support Levels: The EMA 50 (around AUD 15.80) is a potential immediate support level. The next major support could be around the AUD...
Current Trend and Price Action
Long-Term Trend: The stock has been in a strong uptrend since early 2021, marked by a series of higher highs and higher lows.
Recent Correction: The recent sharp decline from a peak near AUD 4.50 to around AUD 2.69 indicates a significant pullback. This could be a correction after a strong upward move, suggesting a temporary bearish...
Current Trend: The stock has been in a long-term uptrend but recently experienced a pullback after reaching a peak.
Moving Averages:
20 EMA (Short-Term): Shows a downward trend, indicating short-term bearish sentiment.
50 EMA (Medium-Term): Flattening, which suggests potential weakening of the medium-term uptrend.
100 and 200 EMAs (Long-Term): Still trending...
Trend Analysis
Long-Term Trend: The chart shows a clear downtrend from mid-2022 to early 2024, as indicated by the consistent lower highs and lower lows. The 200 EMA is sloping downward, which generally signals a bearish long-term trend.
Recent Price Action: The price appears to have found some support around the 1.100 AUD to 1.150 AUD level, as it has bounced...
Long-Term Trend: The stock has been in an overall uptrend since 2020, evident from the steady upward movement and the upward sloping 200 EMA (Exponential Moving Average). The 50 and 100 EMAs are also trending upwards, confirming the long-term bullish trend.
Recent Performance: There was a significant spike in price leading up to mid-2024, reaching a peak around...
