Just for fun I pasted the 12 Month chart into AI and was blown away to get an analysis within seconds. I didn't ask for anything specific and could fine tune it by asking more.
Let's analyze the provided share trading chart.
Observations:1. Trend Analysis:
- Initial Phase (July - October): The stock appears to be trading relatively flat with minor fluctuations.
- November - December: A significant uptrend begins, with the price rising sharply.
- January - February: There is a pullback followed by a consolidation phase.
- March - June: The stock experiences another strong uptrend, reaching new highs.
- June - July: A notable downtrend starts, with the stock price declining sharply.
2. Support and Resistance Levels:
- Support: Key support levels can be identified around $10, $14, and $16.
- Resistance: Major resistance levels are observed around $22 and $23.
3. Volume Analysis:
- Increased volume often accompanies the significant price movements, indicating strong investor interest during these periods.
- During the consolidation and pullback phases, volume tends to decrease.
4. Candlestick Patterns: - Bullish patterns are seen during the uptrends, particularly in November and March.
- Bearish patterns are visible in the recent downtrend from June to July.
Analysis:1. Current Downtrend: - The stock is currently in a downtrend. This could be a correction following a prolonged uptrend.
- The price is approaching a support level around $16. If it breaks below this level, the next support is around $14.
2. Potential Reversal:
- Look for reversal patterns such as a hammer or bullish engulfing candle near support levels.
- Increased volume on a green candle can also indicate a potential reversal.
3. Moving Averages:
- Incorporating moving averages (e.g., 50-day and 200-day) can help identify longer-term trends and potential support/resistance levels.
4. Relative Strength Index (RSI): - An RSI indicator can provide insights into whether the stock is overbought or oversold. An RSI below 30 may indicate an oversold condition and a potential buying opportunity.Would you like a more detailed technical analysis, or do you have specific indicators or patterns in mind you'd like me to focus on?
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Last
$14.93 |
Change
0.810(5.74%) |
Mkt cap ! $954.1M |
Open | High | Low | Value | Volume |
$14.19 | $15.00 | $14.08 | $2.253M | 153.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | $14.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.95 | 60 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11 | 14.950 |
3 | 177 | 14.940 |
2 | 87 | 14.930 |
4 | 299 | 14.920 |
7 | 280 | 14.910 |
Price($) | Vol. | No. |
---|---|---|
14.980 | 1290 | 2 |
14.990 | 990 | 5 |
15.000 | 6914 | 12 |
15.010 | 145 | 2 |
15.020 | 529 | 5 |
Last trade - 12.14pm 19/08/2024 (20 minute delay) ? |
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WA1 (ASX) Chart |