Technical Analysis for RDRUY - Neometals Ltd.

Grade Last Price % Change Price Change
F 3.2100 -4.18% -0.1400
RDRUY closed down 4.18 percent on Wednesday, May 31, 2023, on 23 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -4.18%
Lower Bollinger Band Walk Weakness -4.18%

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Neometals Ltd. Description

Neometals has developed the world's largest lithium concentrator with its partners, Ganfeng Lithium and Mineral Resources, at Mt Marion near Kalgoorlie in Western Australia. Mt Marion will initally produce 50,000t LCE as concentrates for sale to Ganfeng Lithium for the first three years. After which, Neometals and Mineral Resources plan to exercise their rights to purchase 51% of production for processing to produce Lithium Hydroxide from a dedicated plant located close to mine. Neometals also owns the Barrambie Titanium Deposit, which it is evaluating for the production of chloride-grade titanium dioxide pigment using the patented Neomet Process. A Pre-feasibility Study indicated the potential to deliver lowest known operating costs. Neometals holds exclusive rights to commercialise the technology.


Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Chemistry Physical Sciences Chemical Elements Cobalt Lithium Transition Metals Titanium Exercise Kalgoorlie Titanium Dioxide Feasibility Study Lithium Compounds Ganfeng Lithium

Is RDRUY a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 15.0
52 Week Low 3.21
Average Volume 1,163
200-Day Moving Average 7.6901
50-Day Moving Average 4.5116
20-Day Moving Average 3.9140
10-Day Moving Average 3.7718
Average True Range 0.1422
RSI (14) 26.47
ADX 29.51
+DI 27.3074
-DI 70.0376
Chandelier Exit (Long, 3 ATRs) 3.9234
Chandelier Exit (Short, 3 ATRs) 3.6366
Upper Bollinger Bands 4.5441
Lower Bollinger Band 3.2839
Percent B (%b) -0.06
BandWidth 32.1972
MACD Line -0.2769
MACD Signal Line -0.2254
MACD Histogram -0.0515
Fundamentals Value
Market Cap 175.06 Million
Num Shares 54.5 Million
EPS 0.27
Price-to-Earnings (P/E) Ratio 11.89
Price-to-Sales 0.00
Price-to-Book 1.07
PEG Ratio 0.00
Dividend 0.12
Dividend Yield 3.74%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.3450
Resistance 3 (R3) 3.3600 3.3300 3.3225
Resistance 2 (R2) 3.3300 3.2956 3.3225 3.3150
Resistance 1 (R1) 3.2700 3.2744 3.2550 3.2550 3.3075
Pivot Point 3.2400 3.2400 3.2325 3.2325 3.2400
Support 1 (S1) 3.1800 3.2056 3.1650 3.1650 3.1125
Support 2 (S2) 3.1500 3.1844 3.1425 3.1050
Support 3 (S3) 3.0900 3.1500 3.0975
Support 4 (S4) 3.0750