$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 BULLISH with 28.6% 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.

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2. Trend Indicators

2.1 Moving Averages

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Score

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

• The SHORT shows weakening trend behaviour.
• Price action is trading under pressure relative to the SHORT.
• The SHORT is leading the MEDIUM, indicating positive trend alignment.
• The SHORT is leading the INTER, indicating positive trend alignment.
• The SHORT is leading the LONG, indicating positive trend alignment.
• The MEDIUM shows a strengthening upward trend.
• Price action is trading under pressure relative to the MEDIUM.
• The MEDIUM is leading the INTER, indicating positive trend alignment.
• The MEDIUM is leading the LONG, indicating positive trend alignment.
• The INTER shows weakening trend behaviour.
• Price action is trading under pressure relative to the INTER.
• The INTER is leading the LONG, indicating positive trend alignment.
• The LONG shows a strengthening upward trend.
• Price action is supported by 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 Moving Average Convergence/Divergence (MACD)

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Score

Let's take a look at the Moving Average Convergence/Divergence (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 Directional Movement Index (DMI)

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Score

Let's take a look at the Directional Movement Index (DMI) of 29metals Limited.

• Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
• Directional bias is mildly bearish, but overall trend conditions remain weak and lack clear directional commitment.

2.4 Parabolic SAR

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Score

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

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

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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

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Score

Let's take a look at the Relative Strength Index (RSI) of 29metals Limited. The current phase is Correction in bull market.

• Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
• Momentum is improving as buying interest gradually strengthens.

3.2 Stochastic Oscillator

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Let's take a look at the Stochastic Oscillator of 29metals Limited. The current phase is Oversold in bull 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 bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for 29metals Limited.
• Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.

3.3 Commodity Channel Index (CCI)

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Score

Let's take a look at the Commodity Channel Index (CCI) of 29metals Limited.

3.4 Chande Momentum Oscillator (CMO)

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Score

Let's take a look at the Chande Momentum Oscillator (CMO) of 29metals Limited.

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

3.5 Williams %R

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Score

Let's take a look at the Williams %R of 29metals Limited.

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

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4. Volatility Indicators

4.1 Bollinger Bands

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Score

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

4.2 Average True Range (ATR)

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Score

Let's take a look at the Average True Range (ATR) of 29metals Limited.

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5. Volume Indicators

5.1 On-Balance Volume (OBV)

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Score

Let's take a look at the On-Balance Volume (OBV) of 29metals Limited.

5.2 Money Flow Index (MFI)

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Score

Let's take a look at the Money Flow Index (MFI) of 29metals Limited.

• Money flow favors sellers, indicating reduced buying interest and growing downside pressure.

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6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for 29metals Limited.

6.3. Candlestick Patterns

Date	Candlestick Pattern