$29M (29metals Limited) Price Analysis
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• 📈 Technical Analysis (TA) – 29metals Limited’s Price Targets

I'm going to help you getting a better view of 29metals Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of 29metals Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of 29metals Limited. The general trend of 29metals Limited is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine 29metals Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

1. 29metals Limited Price Targets

1.1 sr

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Score

Let's take a look at the sr of 29metals Limited.

• The price is trading between support and resistance lines.

2. Trend Indicators

2.1 mas

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Score

Let's take a look at the mas of 29metals Limited.

• The SHORT shows weakening trend behaviour.
• Price action is trading under pressure relative to the SHORT.
• The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
• The SHORT is lagging behind the INTER, indicating weaker trend alignment.
• The SHORT is lagging behind the LONG, indicating weaker trend alignment.
• The MEDIUM shows weakening trend behaviour.
• Price action is trading under pressure relative to the MEDIUM.
• The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
• The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
• The INTER shows weakening trend behaviour.
• Price action is trading under pressure relative to the INTER.
• The INTER is lagging behind the LONG, indicating weaker trend alignment.
• The LONG shows weakening trend behaviour.
• Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving Average	Trend	Price	vs. MEDIUM	vs. INTER	vs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

2.2 macd

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Score

Let's take a look at the macd of 29metals Limited.

• Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
• Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for 29metals Limited.
• Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.

2.3 dmi

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Score

Let's take a look at the dmi of 29metals Limited.

• Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
• Directional bias leans bearish while trend strength is beginning to build, often seen during early stages of downside development.

2.4 sar

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Score

Let's take a look at the sar of 29metals Limited.

• Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.

3. Momentum Indicators

3.1 rsi

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Let's take a look at the rsi of 29metals Limited. The current phase is Oversold in bear market.

• Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions.
• Momentum is weakening as selling pressure becomes more pronounced.

3.2 stoch

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Score

Let's take a look at the stoch of 29metals Limited. The current phase is Oversold in bear market.

• Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
• Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
• Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for 29metals Limited.
• Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.

3.3 cci

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Score

Let's take a look at the cci of 29metals Limited.

• Price action appears stretched to the downside, suggesting selling pressure may be exhausted and conditions could stabilize or rebound.

3.4 cmo

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Score

Let's take a look at the cmo of 29metals Limited.

• Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.

3.5 willr

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Score

Let's take a look at the willr of 29metals Limited.

• Downward momentum appears stretched, suggesting selling pressure may be exhausted and conditions could stabilize or rebound.

4. Volatility Indicators

4.1 bb

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Let's take a look at the bb of 29metals Limited.

4.2 atr

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Let's take a look at the atr of 29metals Limited.

5. Volume Indicators

5.1 obv

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Let's take a look at the obv of 29metals Limited.

5.2 mfi

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Let's take a look at the mfi of 29metals Limited.

• Money flow favors buyers, indicating constructive participation and supportive market conditions.

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for 29metals Limited.

6.3. Candlestick Patterns

Date	Candlestick Pattern