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Adavale Resources Ltd
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Let's analyse Adavale Resources Ltd together

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

I'm going to help you getting a better view of Adavale Resources Ltd. 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Adavale Resources Ltd (30 sec.)










What can you expect buying and holding a share of Adavale Resources Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
40.0%

What is your share worth?

Current worth
A$0.00
Expected worth in 1 year
A$-0.01
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
A$-0.01
Return On Investment
-83.9%

For what price can you sell your share?

Current Price per Share
A$0.01
Expected price per share
A$0.005 - A$0.006
How sure are you?
50%

1. Valuation of Adavale Resources Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.01

Intrinsic Value Per Share

A$-0.07 - A$-0.03

Total Value Per Share

A$-0.07 - A$-0.03

2. Growth of Adavale Resources Ltd (5 min.)




Is Adavale Resources Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?-$692.2k$137.6k-$829.8k-119.9%

How much money is Adavale Resources Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$3.2m-$3m-$181.1k-5.6%
Net Profit Margin0.0%0.0%--

How much money comes from the company's main activities?

3. Financial Health of Adavale Resources Ltd (5 min.)




4. Comparing to competitors in the Uranium industry (5 min.)




  Industry Rankings (Uranium)  


Richest
#38 / 39

Most Revenue
#30 / 39

Most Profit
#29 / 39

What can you expect buying and holding a share of Adavale Resources Ltd? (5 min.)

Welcome investor! Adavale Resources Ltd's management wants to use your money to grow the business. In return you get a share of Adavale Resources Ltd.

What can you expect buying and holding a share of Adavale Resources Ltd?

First you should know what it really means to hold a share of Adavale Resources Ltd. And how you can make/lose money.

Speculation

The Price per Share of Adavale Resources Ltd is A$0.006. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Adavale Resources Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Adavale Resources Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.00. Based on the TTM, the Book Value Change Per Share is A$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Adavale Resources Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.00-53.2%0.00-53.2%0.00-50.2%0.00-27.4%0.00-16.4%
Usd Book Value Change Per Share0.00-13.7%0.00-13.7%0.00-8.5%0.00-0.1%0.00-2.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.0029.4%0.01128.7%
Usd Total Gains Per Share0.00-13.7%0.00-13.7%0.00-8.5%0.0029.3%0.01126.5%
Usd Price Per Share0.02-0.02-0.01-0.02-0.01-
Price to Earnings Ratio-5.31--5.31--4.55--19.06--8.18-
Price-to-Total Gains Ratio-20.66--20.66--26.98--55.79--31.03-
Price to Book Ratio-24.77--24.77-100.65-30.41-8.50-
Price-to-Total Gains Ratio-20.66--20.66--26.98--55.79--31.03-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0039138
Number of shares255506
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (255506 shares)-209.70449.34
Gains per Year (255506 shares)-838.791,797.38
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-839-8491802-51787
20-1678-16883605-103584
30-2516-25275407-155381
40-3355-33667209-207178
50-4194-42059011-248975
60-5033-504410814-2910772
70-5872-588312616-3412569
80-6710-672214418-3914366
90-7549-756116220-4416163
100-8388-840018023-4917960

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%0.05.00.00.0%1.09.00.010.0%8.021.04.024.2%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%2.08.00.020.0%14.019.00.042.4%
Dividend per Share0.00.01.00.0%0.00.03.00.0%1.00.04.020.0%4.00.06.040.0%6.00.027.018.2%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%5.05.00.050.0%18.015.00.054.5%

Fundamentals of Adavale Resources Ltd

About Adavale Resources Ltd

Adavale Resources Limited engages in the exploration of mineral properties in Australia and Tanzania. The company holds a 100% interest in the Kabanga Jirani Nickel project covering an area of 1,315 square kilometers located in Kagera, Tanzania; and the Lake Surprise uranium project having 4 tenements covering an area of 1,078 square kilometers situated in the northern part of the Lake Frome Embayment, South Australia. It also holds interest in Luhuma project situated in Tanzania. Adavale Resources Limited as incorporated in 1969 and is based in West Leederville, Australia.

Fundamental data was last updated by Penke on 2024-03-19 07:39:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is unable to pay all its debts by selling its assets.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Adavale Resources Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Adavale Resources Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Adavale Resources Ltd to the Uranium industry mean.
  • A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Adavale Resources Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-3,527,008.6%+3,527,008.6%
5Y-3,527,008.6%10Y-1,765,790.9%-1,761,217.7%
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ--8.8%+8.8%
TTM--69.6%+69.6%
YOY-4.3%-4.3%
5Y-3,527,008.6%-463.3%-3,526,545.3%
10Y-1,765,790.9%-486.6%-1,765,304.3%
1.1.2. Return on Assets

Shows how efficient Adavale Resources Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Adavale Resources Ltd to the Uranium industry mean.
  • -463.8% Return on Assets means that Adavale Resources Ltd generated $-4.64 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Adavale Resources Ltd:

  • The MRQ is -463.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -463.8%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-463.8%TTM-463.8%0.0%
TTM-463.8%YOY-923.4%+459.7%
TTM-463.8%5Y-608.1%+144.4%
5Y-608.1%10Y-311.9%-296.2%
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ-463.8%-2.6%-461.2%
TTM-463.8%-2.2%-461.6%
YOY-923.4%-4.0%-919.4%
5Y-608.1%-3.7%-604.4%
10Y-311.9%-4.7%-307.2%
1.1.3. Return on Equity

Shows how efficient Adavale Resources Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Adavale Resources Ltd to the Uranium industry mean.
  • 0.0% Return on Equity means Adavale Resources Ltd generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Adavale Resources Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-2,213.6%+2,213.6%
TTM-5Y-483.7%+483.7%
5Y-483.7%10Y-316.0%-167.8%
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ--2.7%+2.7%
TTM--2.7%+2.7%
YOY-2,213.6%-5.8%-2,207.8%
5Y-483.7%-4.5%-479.2%
10Y-316.0%-5.5%-310.5%

1.2. Operating Efficiency of Adavale Resources Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Adavale Resources Ltd is operating .

  • Measures how much profit Adavale Resources Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Adavale Resources Ltd to the Uranium industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Adavale Resources Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-3,460,419.0%+3,460,419.0%
5Y-3,460,419.0%10Y-1,732,100.9%-1,728,318.1%
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ--154.3%+154.3%
TTM--268.8%+268.8%
YOY--575.1%+575.1%
5Y-3,460,419.0%-600.7%-3,459,818.3%
10Y-1,732,100.9%-479.8%-1,731,621.1%
1.2.2. Operating Ratio

Measures how efficient Adavale Resources Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Uranium industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Adavale Resources Ltd:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y34,604.254-34,604.254
5Y34,604.25410Y66,442.151-31,837.897
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.472-3.472
TTM-3.947-3.947
YOY-6.751-6.751
5Y34,604.2547.239+34,597.015
10Y66,442.1515.502+66,436.649

1.3. Liquidity of Adavale Resources Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Adavale Resources Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Uranium industry mean).
  • A Current Ratio of 0.48 means the company has $0.48 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Adavale Resources Ltd:

  • The MRQ is 0.479. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.479. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.479TTM0.4790.000
TTM0.479YOY1.466-0.988
TTM0.4795Y1.094-0.616
5Y1.09410Y0.620+0.474
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4796.345-5.866
TTM0.4798.508-8.029
YOY1.46612.268-10.802
5Y1.09410.932-9.838
10Y0.62010.066-9.446
1.3.2. Quick Ratio

Measures if Adavale Resources Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Adavale Resources Ltd to the Uranium industry mean.
  • A Quick Ratio of 0.43 means the company can pay off $0.43 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Adavale Resources Ltd:

  • The MRQ is 0.428. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.428. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.428TTM0.4280.000
TTM0.428YOY1.390-0.962
TTM0.4285Y3.826-3.397
5Y3.82610Y3.685+0.141
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4281.561-1.133
TTM0.4283.528-3.100
YOY1.3904.070-2.680
5Y3.8263.912-0.086
10Y3.6852.759+0.926

1.4. Solvency of Adavale Resources Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Adavale Resources Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Adavale Resources Ltd to Uranium industry mean.
  • A Debt to Asset Ratio of 1.99 means that Adavale Resources Ltd assets are financed with 199.5% credit (debt) and the remaining percentage (100% - 199.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Adavale Resources Ltd:

  • The MRQ is 1.995. The company is unable to pay all its debts by selling its assets. -2
  • The TTM is 1.995. The company is unable to pay all its debts by selling its assets. -2
Trends
Current periodCompared to+/- 
MRQ1.995TTM1.9950.000
TTM1.995YOY0.583+1.412
TTM1.9955Y7.708-5.713
5Y7.70810Y7.227+0.481
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9950.151+1.844
TTM1.9950.138+1.857
YOY0.5830.127+0.456
5Y7.7080.218+7.490
10Y7.2270.221+7.006
1.4.2. Debt to Equity Ratio

Measures if Adavale Resources Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Adavale Resources Ltd to the Uranium industry mean.
  • A Debt to Equity ratio of 0.0% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Adavale Resources Ltd:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY1.397-1.397
TTM-5Y0.375-0.375
5Y0.37510Y0.763-0.389
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.166-0.166
TTM-0.148-0.148
YOY1.3970.118+1.279
5Y0.3750.308+0.067
10Y0.7630.304+0.459

2. Market Valuation of Adavale Resources Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Adavale Resources Ltd generates.

  • Above 15 is considered overpriced but always compare Adavale Resources Ltd to the Uranium industry mean.
  • A PE ratio of -5.31 means the investor is paying $-5.31 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Adavale Resources Ltd:

  • The EOD is -1.226. Based on the earnings, the company is expensive. -2
  • The MRQ is -5.313. Based on the earnings, the company is expensive. -2
  • The TTM is -5.313. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.226MRQ-5.313+4.087
MRQ-5.313TTM-5.3130.000
TTM-5.313YOY-4.547-0.767
TTM-5.3135Y-19.057+13.743
5Y-19.05710Y-8.178-10.879
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
EOD-1.226-5.561+4.335
MRQ-5.313-7.552+2.239
TTM-5.313-6.929+1.616
YOY-4.547-14.525+9.978
5Y-19.057-17.357-1.700
10Y-8.178-16.807+8.629
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Adavale Resources Ltd:

  • The EOD is -1.393. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -6.036. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -6.036. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.393MRQ-6.036+4.643
MRQ-6.036TTM-6.0360.000
TTM-6.036YOY-4.884-1.151
TTM-6.0365Y-30.647+24.611
5Y-30.64710Y-39.334+8.687
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
EOD-1.393-18.095+16.702
MRQ-6.036-19.338+13.302
TTM-6.036-17.418+11.382
YOY-4.884-15.423+10.539
5Y-30.647-22.761-7.886
10Y-39.334-27.181-12.153
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Adavale Resources Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Uranium industry mean).
  • A PB ratio of -24.77 means the investor is paying $-24.77 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Adavale Resources Ltd:

  • The EOD is -5.717. Based on the equity, the company is expensive. -2
  • The MRQ is -24.773. Based on the equity, the company is expensive. -2
  • The TTM is -24.773. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-5.717MRQ-24.773+19.056
MRQ-24.773TTM-24.7730.000
TTM-24.773YOY100.651-125.424
TTM-24.7735Y30.412-55.185
5Y30.41210Y8.498+21.914
Compared to industry (Uranium)
PeriodCompanyIndustry (mean)+/- 
EOD-5.7172.624-8.341
MRQ-24.7732.499-27.272
TTM-24.7732.394-27.167
YOY100.6513.019+97.632
5Y30.4123.133+27.279
10Y8.4983.296+5.202
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Adavale Resources Ltd.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Adavale Resources Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.001-0.0010%-0.001-38%0.000-99%0.000-84%
Book Value Per Share---0.001-0.0010%0.000-603%0.000-56%-0.001-47%
Current Ratio--0.4790.4790%1.466-67%1.094-56%0.620-23%
Debt To Asset Ratio--1.9951.9950%0.583+242%7.708-74%7.227-72%
Debt To Equity Ratio----0%1.397-100%0.375-100%0.763-100%
Dividend Per Share----0%-0%0.003-100%0.012-100%
Eps---0.005-0.0050%-0.005-6%-0.003-49%-0.002-69%
Free Cash Flow Per Share---0.004-0.0040%-0.0040%-0.002-51%-0.001-73%
Free Cash Flow To Equity Per Share--0.0000.0000%-0.001+315%0.000+196%0.000+422%
Gross Profit Margin--1.8751.8750%1.997-6%1.715+9%1.357+38%
Intrinsic Value_10Y_max---0.027--------
Intrinsic Value_10Y_min---0.074--------
Intrinsic Value_1Y_max---0.002--------
Intrinsic Value_1Y_min---0.004--------
Intrinsic Value_3Y_max---0.005--------
Intrinsic Value_3Y_min---0.016--------
Intrinsic Value_5Y_max---0.010--------
Intrinsic Value_5Y_min---0.030--------
Market Cap6067019.904-333%26290419.58426290419.5840%21234569.664+24%32357439.488-19%22154734.349+19%
Net Profit Margin----0%-0%-35270.0860%-17657.9090%
Operating Margin----0%-0%-34604.1900%-17321.0090%
Operating Ratio----0%-0%34604.254-100%66442.151-100%
Pb Ratio-5.717+77%-24.773-24.7730%100.651-125%30.412-181%8.498-392%
Pe Ratio-1.226+77%-5.313-5.3130%-4.547-14%-19.057+259%-8.178+54%
Price Per Share0.006-333%0.0260.0260%0.021+24%0.032-19%0.022+19%
Price To Free Cash Flow Ratio-1.393+77%-6.036-6.0360%-4.884-19%-30.647+408%-39.334+552%
Price To Total Gains Ratio-4.769+77%-20.665-20.6650%-26.984+31%-55.786+170%-31.033+50%
Quick Ratio--0.4280.4280%1.390-69%3.826-89%3.685-88%
Return On Assets---4.638-4.6380%-9.234+99%-6.081+31%-3.119-33%
Return On Equity----0%-22.1360%-4.8370%-3.1600%
Total Gains Per Share---0.001-0.0010%-0.001-38%0.003-147%0.012-111%
Usd Book Value---692266.421-692266.4210%137617.036-603%-305196.689-56%-367964.517-47%
Usd Book Value Change Per Share---0.001-0.0010%-0.001-38%0.000-99%0.000-84%
Usd Book Value Per Share---0.001-0.0010%0.000-603%0.000-56%0.000-47%
Usd Dividend Per Share----0%-0%0.002-100%0.008-100%
Usd Eps---0.003-0.0030%-0.003-6%-0.002-49%-0.001-69%
Usd Free Cash Flow---2841285.079-2841285.0790%-2835822.0660%-1384280.402-51%-780941.322-73%
Usd Free Cash Flow Per Share---0.003-0.0030%-0.0030%-0.001-51%-0.001-73%
Usd Free Cash Flow To Equity Per Share--0.0000.0000%-0.001+315%0.000+196%0.000+422%
Usd Market Cap3957517.083-333%17149240.69517149240.6950%13851309.792+24%21106757.778-19%14451533.216+19%
Usd Price Per Share0.004-333%0.0170.0170%0.014+24%0.021-19%0.014+19%
Usd Profit---3227508.647-3227508.6470%-3046329.713-6%-1670839.445-48%-1018310.422-68%
Usd Revenue----0%-0%220949405.793-100%322163148.310-100%
Usd Total Gains Per Share---0.001-0.0010%-0.001-38%0.002-147%0.008-111%
 EOD+2 -6MRQTTM+0 -0YOY+11 -185Y+10 -2310Y+11 -22

4.2. Fundamental Score

Let's check the fundamental score of Adavale Resources Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.226
Price to Book Ratio (EOD)Between0-1-5.717
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.428
Current Ratio (MRQ)Greater than10.479
Debt to Asset Ratio (MRQ)Less than11.995
Debt to Equity Ratio (MRQ)Less than10.000
Return on Equity (MRQ)Greater than0.150.000
Return on Assets (MRQ)Greater than0.05-4.638
Total1/10 (10.0%)

4.3. Technical Score

Let's check the technical score of Adavale Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.608
Ma 20Greater thanMa 500.005
Ma 50Greater thanMa 1000.006
Ma 100Greater thanMa 2000.007
OpenGreater thanClose0.006
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets1,067
Total Liabilities2,128
Total Stockholder Equity-1,061
 As reported
Total Liabilities 2,128
Total Stockholder Equity+ -1,061
Total Assets = 1,067

Assets

Total Assets1,067
Total Current Assets1,019
Long-term Assets48
Total Current Assets
Cash And Cash Equivalents 893
Net Receivables 18
Inventory -18
Other Current Assets 125
Total Current Assets  (as reported)1,019
Total Current Assets  (calculated)1,019
+/-0
Long-term Assets
Property Plant Equipment 48
Long-term Assets Other 0
Long-term Assets  (as reported)48
Long-term Assets  (calculated)48
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities2,128
Long-term Liabilities0
Total Stockholder Equity-1,061
Total Current Liabilities
Short-term Debt 1,937
Short Long Term Debt 1,937
Accounts payable 63
Other Current Liabilities 128
Total Current Liabilities  (as reported)2,128
Total Current Liabilities  (calculated)4,065
+/- 1,937
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock13,615
Retained Earnings -15,738
Other Stockholders Equity 1,062
Total Stockholder Equity (as reported)-1,061
Total Stockholder Equity (calculated)-1,061
+/-0
Other
Capital Stock13,615
Cash and Short Term Investments 893
Common Stock Shares Outstanding 491,900
Current Deferred Revenue126
Liabilities and Stockholders Equity 1,067
Net Debt 1,043
Net Invested Capital 875
Net Tangible Assets -1,061
Net Working Capital -1,110
Property Plant and Equipment Gross 106
Short Long Term Debt Total 1,937



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-302005-06-302004-06-302003-06-302002-06-302001-06-302000-06-301999-06-301998-06-301997-06-301996-06-301995-06-301994-06-301993-06-301992-06-301991-06-301990-06-301989-06-30
> Total Assets 
401
192
103
481
18,417
13,437
14,870
16,065
48,757
5,533
1,270
11,507
6,689
6,096
2,925
2,525
789
1,349
4,711
8,768
8,113
6,191
7,409
5,609
1,400
950
864
857
557
40
55
112
1,473
506
1,067
1,0675061,47311255405578578649501,4005,6097,4096,1918,1138,7684,7111,3497892,5252,9256,0966,68911,5071,2705,53348,75716,06514,87013,43718,417481103192401
   > Total Current Assets 
241
192
103
388
10,715
2,903
3,501
14,561
6,652
5,533
203
1,553
1,030
2,652
1,080
1,351
697
1,349
3,058
6,099
4,859
2,595
3,017
620
217
68
56
49
166
40
55
112
1,440
432
1,019
1,0194321,44011255401664956682176203,0172,5954,8596,0993,0581,3496971,3511,0802,6521,0301,5532035,5336,65214,5613,5012,90310,715388103192241
       Cash And Cash Equivalents 
237
186
102
385
9,137
1,523
2,182
2,362
6,109
800
187
484
657
803
431
152
39
1,291
3,001
6,025
4,821
2,556
2,908
589
151
50
32
28
47
13
24
86
1,423
391
893
8933911,423862413472832501515892,9082,5564,8216,0253,0011,291391524318036574841878006,1092,3622,1821,5239,137385102186237
       Short-term Investments 
0
0
0
0
869,180
1,525,233
1,121,404
778,308
0
3
3
0
0
0
0
0
26
0
0
0
0
0
0
0
0
0
0
0
2,782
3,081
3,810
0
0
0
0
00003,8103,0812,782000000000002600000330778,3081,121,4041,525,233869,1800000
       Net Receivables 
4
6
1
3
578
1,039
637
6,270
212
228
10
414
151
803
448
436
225
58
35
54
22
30
105
22
62
18
24
21
20
27
31
26
5
18
18
181852631272021241862221053022543558225436448803151414102282126,2706371,0395783164
       Other Current Assets 
0
0
0
0
0
0
383
5,929
331
4,502
3
75
73
467
173
291
157
0
22
20
16
9
4
9
4
1
24
21
100
27
31
0
12
41
125
1254112031271002124149491620220157291173467737534,5023315,929383000000
   > Long-term Assets 
160
0
0
93
7,702
10,534
11,369
1,504
42,104
0
1,067
9,955
5,659
3,443
1,844
1,174
92
0
1,653
2,669
3,254
3,596
4,392
4,989
1,182
882
808
808
391
0
0
33
33
74
48
48743333003918088088821,1824,9894,3923,5963,2542,6691,6530921,1741,8443,4435,6599,9551,067042,1041,50411,36910,5347,7029300160
       Property Plant Equipment 
114
0
0
93
7,477
9,603
10,290
1,388
38,840
0
2
1,829
2,129
1,166
270
154
92
0
1,653
2,669
3,239
2,531
3,325
3,724
132
882
808
808
391
59,895
69,105
33
33
74
48
4874333369,10559,8953918088088821323,7243,3252,5313,2392,6691,6530921542701,1662,1291,8292038,8401,38810,2909,6037,4779300114
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
1,777
3,231
2,275
1,574
1,020
0
0
0
0
0
0
0
0
0
0
0
25,700
482,125
519,327
520,547
0
0
0
0
0000520,547519,327482,12525,700000000000001,0201,5742,2753,2311,77700000000000
       Long Term Investments 
0
0
0
0
1,195,398
1,146,813
1,274,404
1,594,784
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000001,594,7841,274,4041,146,8131,195,3980000
       Intangible Assets 
0
0
0
0
541
0
5,979
5,795
0
0
0
5,215
3,231
2,275
1,574
1,020
0
0
1,500
1,500
1,500
1,050
1,050
1,050
1,050
0
0
0
17,553
15,876
11,391
0
0
0
0
000011,39115,87617,5530001,0501,0501,0501,0501,5001,5001,500001,0201,5742,2753,2315,2150005,7955,97905410000
       Long-term Assets Other 
46
0
0
0
225
931
1,079
116
3,265
0
1,066
1,134
299
3
0
0
0
0
0
0
15
15
16
15
0
0
0
0
391
0
0
0
0
0
0
00000039100001516151500000032991,1341,06603,2651161,07993122500046
> Total Liabilities 
15
18
17
85
6,365
1,576
1,579
4,619
3,580
3,162
722
3,753
12,207
9,719
7,307
6,579
5,888
155
158
225
126
273
190
213
400
810
1,326
1,625
1,744
1,065
1,276
1,378
475
295
2,128
2,1282954751,3781,2761,0651,7441,6251,3268104002131902731262251581555,8886,5797,3079,71912,2073,7537223,1623,5804,6191,5791,5766,36585171815
   > Total Current Liabilities 
15
18
17
85
6,312
1,436
694
4,459
1,566
3,162
722
2,017
5,355
7,228
4,713
4,165
5,695
155
158
225
126
273
190
213
225
306
606
804
1,028
214
276
378
475
295
2,128
2,1282954753782762141,0288046063062252131902731262251581555,6954,1654,7137,2285,3552,0177223,1621,5664,4596941,4366,31285171815
       Short-term Debt 
0
0
0
0
2,768,440
3,159,708
3,145,727
3,226,687
0
3
3
0
0
0
347
286
2,805
0
0
0
0
0
0
0
0
504
720
13,600
180
50
12,315
0
0
1,937
1,937
1,9371,9370012,3155018013,600720504000000002,8052863470003303,226,6873,145,7273,159,7082,768,4400000
       Short Long Term Debt 
0
0
0
0
2,768,440
3,159,708
3,145,727
3,226,687
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
504
720
13,600
180
50
12,315
0
0
0
1,937
1,93700012,3155018013,600720504000000000000000003,226,6873,145,7273,159,7082,768,4400000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
1,345
1,393
2,189
654
1,005
693
147
95
157
43
233
64
112
133
226
474
23
544
10
63
31
425
53
63
6353425316310544234742261331126423343157951476931,0056542,1891,3931,34500000000000
       Other Current Liabilities 
15
18
17
0
5,850
242
582
4,400
761
3,000
678
672
3,962
5,039
501
599
466
8
63
68
83
41
126
101
178
301
569
781
800
154
213
347
50
242
128
128242503472131548007815693011781011264183686384665995015,0393,9626726783,0007614,4005822425,8500171815
   > Long-term Liabilities 
0
0
0
0
53
140
885
160
2,014
0
0
1,735
6,852
2,491
2,594
2,414
193
0
0
0
0
0
0
0
175
504
720
821
717
850
1,000
1,000
1,000
53
0
0531,0001,0001,00085071782172050417500000001932,4142,5942,4916,8521,735002,014160885140530000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
720
821
717
850
1,000
1,000
0
0
0
0001,0001,00085071782172000000000000000000000000000
       Other Liabilities 
0
0
0
0
110,228
77,453
160,354
160,993
0
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,300
2,534
1,488
1,475
2,495
0
0
0
0002,4951,4751,4882,5342,3000000000000000020000160,993160,35477,453110,2280000
> Total Stockholder Equity
386
174
86
396
12,052
11,861
13,291
11,446
45,177
2,372
548
7,755
-5,518
-3,623
-4,382
-4,054
-5,099
1,194
4,553
8,543
7,987
5,917
7,219
5,397
999
141
-462
-769
-1,187
-1,024
-1,221
-1,266
998
211
-1,061
-1,061211998-1,266-1,221-1,024-1,187-769-4621419995,3977,2195,9177,9878,5434,5531,194-5,099-4,054-4,382-3,623-5,5187,7555482,37245,17711,44613,29111,86112,05239686174386
   Common Stock
2,525
2,525
275
750
3,190
3,265
3,265
3,291
18,216
19,346
60,729
14,394
15,582
24,113
24,253
24,303
24,303
26,253
29,987
34,772
34,772
34,772
37,326
37,326
37,326
37,326
37,398
37,507
1,500
1,988
2,318
2,809
6,873
10,529
13,615
13,61510,5296,8732,8092,3181,9881,50037,50737,39837,32637,32637,32637,32634,77234,77234,77229,98726,25324,30324,30324,25324,11315,58214,39460,72919,34618,2163,2913,2653,2653,1907502752,5252,525
   Retained Earnings 
-2,139
-2,351
-189
-354
129
-251
1,179
-730
-13,953
-57,888
-60,180
-6,639
-21,150
-27,896
-28,631
-28,342
-29,386
-25,059
-25,465
-26,261
-26,816
-28,886
-30,151
-31,986
-36,370
-37,412
-38,003
-38,411
-2,971
-3,340
-3,839
-4,374
-6,120
-10,790
-15,738
-15,738-10,790-6,120-4,374-3,839-3,340-2,971-38,411-38,003-37,412-36,370-31,986-30,151-28,886-26,816-26,261-25,465-25,059-29,386-28,342-28,631-27,896-21,150-6,639-60,180-57,888-13,953-7301,179-251129-354-189-2,351-2,139
   Capital Surplus 00000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
8,734
9,214
9,569
8,995
41,238
40,914
0
352
941
2,136
2,771
2,950
3,035
0
32
38
39
41
55
70
55
239
157
135
284
327
299
299
-1
472
1,062
1,062472-12992993272841351572395570554139383203,0352,9502,7712,136941352040,91441,2388,9959,5699,2148,7340000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue0
Cost of Revenue-28
Gross Profit-28-28
 
Operating Income (+$)
Gross Profit-28
Operating Expense-4,331
Operating Income-4,358-4,358
 
Operating Expense (+$)
Research Development0
Selling General Administrative1
Selling And Marketing Expenses4,330
Operating Expense4,3314,331
 
Net Interest Income (+$)
Interest Income0
Interest Expense-368
Other Finance Cost-0
Net Interest Income-368
 
Pretax Income (+$)
Operating Income-4,358
Net Interest Income-368
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-4,948-3,769
EBIT - interestExpense = -4,726
-4,948
-4,580
Interest Expense368
Earnings Before Interest and Taxes (EBIT)-4,358-4,580
Earnings Before Interest and Taxes (EBITDA)-4,331
 
After tax Income (+$)
Income Before Tax-4,948
Tax Provision-0
Net Income From Continuing Ops-4,948-4,948
Net Income-4,948
Net Income Applicable To Common Shares-4,948
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses4,358
Total Other Income/Expenses Net-589368
 

Technical Analysis of Adavale Resources Ltd
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 Adavale Resources Ltd. The general trend of Adavale Resources Ltd is BEARISH with 57.1% 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 Adavale Resources Ltd'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 (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Adavale Resources Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 0.006 < 0.006 < 0.006.

The bearish price targets are: 0.005 > 0.005 > 0.005.

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Adavale Resources Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Adavale Resources Ltd. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

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

Adavale Resources Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Adavale Resources Ltd. The current macd is -0.000012.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Adavale Resources Ltd price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Adavale Resources Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Adavale Resources Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Adavale Resources Ltd Daily Moving Average Convergence/Divergence (MACD) ChartAdavale Resources Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Adavale Resources Ltd. The current adx is 19.18.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Adavale Resources Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Adavale Resources Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Adavale Resources Ltd. The current sar is 0.00404.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Adavale Resources Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Adavale Resources Ltd. The current rsi is 56.61. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 3/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
Adavale Resources Ltd Daily Relative Strength Index (RSI) ChartAdavale Resources Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Adavale Resources Ltd. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Adavale Resources Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Adavale Resources Ltd Daily Stochastic Oscillator ChartAdavale Resources Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Adavale Resources Ltd. The current cci is 142.86.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Adavale Resources Ltd Daily Commodity Channel Index (CCI) ChartAdavale Resources Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Adavale Resources Ltd. The current cmo is 29.82.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Adavale Resources Ltd Daily Chande Momentum Oscillator (CMO) ChartAdavale Resources Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Adavale Resources Ltd. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Adavale Resources Ltd Daily Williams %R ChartAdavale Resources Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Adavale Resources Ltd.

Adavale Resources Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Adavale Resources Ltd. The current atr is 0.00040935.

Adavale Resources Ltd Daily Average True Range (ATR) ChartAdavale Resources Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Adavale Resources Ltd. The current obv is -78,744,650.

Adavale Resources Ltd Daily On-Balance Volume (OBV) ChartAdavale Resources Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Adavale Resources Ltd. The current mfi is 72.37.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Adavale Resources Ltd Daily Money Flow Index (MFI) ChartAdavale Resources Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Adavale Resources Ltd.

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
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-30MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-10DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-05MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Adavale Resources Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Adavale Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.608
Ma 20Greater thanMa 500.005
Ma 50Greater thanMa 1000.006
Ma 100Greater thanMa 2000.007
OpenGreater thanClose0.006
Total1/5 (20.0%)
Penke

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