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$AAJ (Aruma Resources Limited) Price Analysis
Buy, Hold or Sell?

Let's analyze Aruma Resources Limited together

Penke

I guess you are interested in Aruma Resources Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Aruma Resources Limited’s Price Targets

I'm going to help you getting a better view of Aruma Resources 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 Aruma Resources 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 Aruma Resources Limited. The general trend of Aruma Resources Limited is BULLISH with 71.4% 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 Aruma Resources 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:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Aruma Resources Limited Price Targets

1.1 sr

Score

Let's take a look at the sr of Aruma Resources Limited.

  • The price is trading between support and resistance lines.
Aruma Resources Limited Daily sr Chart
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2. Trend Indicators

2.1 Moving Averages

Score

Let's take a look at the Moving Averages of Aruma Resources Limited.

  • The SHORT shows a strengthening upward trend.
  • 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 a strengthening upward trend.
  • Price action is supported by 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 AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

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

Aruma Resources Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Aruma Resources Limited.

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Aruma Resources Limited.
  • Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.
Aruma Resources Limited Daily Moving Average Convergence/Divergence (MACD) ChartAruma Resources Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

Score

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

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Bullish conditions remain present, but trend strength is starting to fade, which may signal slowing momentum or a potential pause.
Aruma Resources Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Score

Let's take a look at the Parabolic SAR of Aruma Resources Limited.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
Aruma Resources Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Score

Let's take a look at the Relative Strength Index (RSI) of Aruma Resources 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 weakening as selling pressure becomes more pronounced.
Aruma Resources Limited Daily Relative Strength Index (RSI) ChartAruma Resources Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Score

Let's take a look at the Stochastic Oscillator of Aruma Resources 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 bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Aruma Resources Limited.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Aruma Resources Limited Daily Stochastic Oscillator ChartAruma Resources Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Score

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

Aruma Resources Limited Daily Commodity Channel Index (CCI) ChartAruma Resources Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Score

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

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Aruma Resources Limited Daily Chande Momentum Oscillator (CMO) ChartAruma Resources Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Score

Let's take a look at the Williams %R of Aruma Resources Limited.

  • Downward momentum appears stretched, suggesting selling pressure may be exhausted and conditions could stabilize or rebound.
Aruma Resources Limited Daily Williams %R ChartAruma Resources Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Score

Let's take a look at the Bollinger Bands of Aruma Resources Limited.

Aruma Resources Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)

Score

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

Aruma Resources Limited Daily Average True Range (ATR) ChartAruma Resources Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Score

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

Aruma Resources Limited Daily On-Balance Volume (OBV) ChartAruma Resources Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Score

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

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Aruma Resources Limited Daily Money Flow Index (MFI) ChartAruma Resources Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Aruma Resources Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Aruma Resources Limited Daily Candlestick Chart
DateCandlestick Pattern
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