Argent Minerals Limited (ARD) engages in mineral exploration activities in New South Wales, Australia. ARD main projects include: Kempfield Silver Project, Sunny Corner and West Wyalong.
IMO ARD is looking bullish on the multiple time frames.
Fundamental Analysis
Previous closing price: 0.054 (Wed 08/03/2017)
Low of the day: 0.043
High of the day: 0.050
Closing price: 0.048
Volume traded on Commsec approx. 2.36M
Trades: N/A
17M Market Cap
SOI: 300M
Cash from 31/12/2016 approx. 1.65M
Technical Analysis
Bullish on multiple time frames (15min, 30min, 1h, and 1d) is a good indication that this stock will continue to rise.
5 day EMA over 20 day EMA indicating a bullish signal
P SAR above price (currently a weak bearish signal due to other signals being bullish)
Volume steady and stock being accumulated since the 18/02/2017
MACD weak bullish as it is above the 0 and will be bullish once it crosses the signal line as it is climbing
ATR @ 0.0039 (volatile)
RSI @ 65 still not overbought
OBV bullish and climbing
DMI ADX above 20 @ approx. 39 indication of strong current trend for +DI and -DI
DMI +DI above 20 @ approx. 44 (Bulls in control) ADX supports this
DMI –DI under 20 @ approx. 16 (Bears nowhere to be seen)
Stoch approx. 74 indicating still not overbought and can climb some more before a retrace
