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?
- Forums
- ASX - By Stock
- General discussion
Just for fun I pasted the 12 Month chart into AI and was blown...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
|
|||||
Last
$15.82 |
Change
-0.160(1.00%) |
Mkt cap ! $1.010B |
Open | High | Low | Value | Volume |
$15.90 | $15.90 | $15.43 | $3.407M | 217.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 683 | $15.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.84 | 103 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 228 | 15.660 |
2 | 465 | 15.650 |
3 | 185 | 15.640 |
1 | 90 | 15.620 |
1 | 90 | 15.610 |
Price($) | Vol. | No. |
---|---|---|
15.690 | 116 | 3 |
15.700 | 75 | 2 |
15.710 | 314 | 7 |
15.720 | 223 | 3 |
15.730 | 50 | 1 |
Last trade - 15.56pm 19/07/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |