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Desoto Resources Ltd.
Buy, Hold or Sell?

Let's analyse Desoto Resources Ltd. together

PenkeI guess you are interested in Desoto 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 Desoto 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 Desoto Resources Ltd. (30 sec.)










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

How much money do you get?

How much money do you get?
A$0.27
When do you have the money?
1 year
How often do you get paid?
50.0%

What is your share worth?

Current worth
A$0.11
Expected worth in 1 year
A$0.53
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
A$0.83
Return On Investment
1,038.5%

For what price can you sell your share?

Current Price per Share
A$0.08
Expected price per share
A$0 - A$0.085
How sure are you?
50%
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1. Valuation of Desoto Resources Ltd. (5 min.)




Live pricePrice per Share (EOD)

A$0.08

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




Is Desoto Resources Ltd. growing?

Current yearPrevious yearGrowGrow %
How rich?$6.5m$564.1k$6m91.5%

How much money is Desoto Resources Ltd. making?

Current yearPrevious yearGrowGrow %
Making money-$948.9k-$401.9k-$546.9k-57.6%
Net Profit Margin0.0%0.0%--

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

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




4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  

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

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

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

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

Speculation

The Price per Share of Desoto Resources Ltd. is A$0.08. 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 Desoto 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 Desoto 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$0.11. Based on the TTM, the Book Value Change Per Share is A$0.10 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.01 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$0.10 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Desoto 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 Eps-0.01-13.3%-0.01-13.3%0.00-5.6%-0.01-9.5%-0.01-9.5%
Usd Book Value Change Per Share0.0784.8%0.0784.8%0.017.9%0.0446.4%0.0446.4%
Usd Dividend Per Share0.0783.9%0.0783.9%0.000.0%0.0342.0%0.0342.0%
Usd Total Gains Per Share0.13168.7%0.13168.7%0.017.9%0.0788.3%0.0788.3%
Usd Price Per Share0.08-0.08-0.00-0.04-0.04-
Price to Earnings Ratio-7.31--7.31-0.00--3.66--3.66-
Price-to-Total Gains Ratio0.58-0.58-0.58-0.58-
Price to Book Ratio1.05-1.05-0.00-0.53-0.53-
Price-to-Total Gains Ratio0.58-0.58-0.58-0.58-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.051992
Number of shares19233
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.03
Usd Book Value Change Per Share0.070.04
Usd Total Gains Per Share0.130.07
Gains per Quarter (19233 shares)2,596.131,359.05
Gains per Year (19233 shares)10,384.515,436.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
15165521910375258328545426
21033110438207605165570710862
31549615657311457748856116298
4206612087741530103311141421734
5258272609651915129131426827170
6309923131562300154961712132606
7361583653472685180791997538042
8413234175383070206612282843478
9464884697293455232442568248914
105165452192103840258272853554350

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%0.02.00.00.0%0.02.00.00.0%0.02.00.00.0%0.02.00.00.0%
Book Value Change Per Share1.00.00.0100.0%2.00.00.0100.0%2.00.00.0100.0%2.00.00.0100.0%2.00.00.0100.0%
Dividend per Share1.00.00.0100.0%1.00.01.050.0%1.00.01.050.0%1.00.01.050.0%1.00.01.050.0%
Total Gains per Share1.00.00.0100.0%2.00.00.0100.0%2.00.00.0100.0%2.00.00.0100.0%2.00.00.0100.0%
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Fundamentals of Desoto Resources Ltd.

About Desoto Resources Ltd.

Desoto Resources Limited, a mineral exploration company, focuses on the acquisition and exploration of gold and lithium deposits in the Northern Territory. It holds 100% interest in the Pine Creek project that consists of three granted licenses located in the Northern Territory; and the Fenton project that consists of three granted licenses located in the Northern Territory. The company was incorporated in 2022 and is based in West Perth, Australia.

Fundamental data was last updated by Penke on 2024-02-13 02:39:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, 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 very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Desoto Resources Ltd..

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Desoto Resources Ltd. to the Other Industrial Metals & Mining 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 Desoto 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-0.0%
5Y-10Y-0.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--49.7%+49.7%
TTM--46.9%+46.9%
YOY--49.2%+49.2%
5Y--250.7%+250.7%
10Y--750.2%+750.2%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Desoto Resources Ltd. to the Other Industrial Metals & Mining industry mean.
  • -13.8% Return on Assets means that Desoto Resources Ltd. generated $-0.14 profit for each $1 in assets.

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

  • The MRQ is -13.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -13.8%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-13.8%TTM-13.8%0.0%
TTM-13.8%YOY-50.6%+36.8%
TTM-13.8%5Y-32.2%+18.4%
5Y-32.2%10Y-32.2%0.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-13.8%-7.5%-6.3%
TTM-13.8%-7.8%-6.0%
YOY-50.6%-6.8%-43.8%
5Y-32.2%-10.4%-21.8%
10Y-32.2%-14.9%-17.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Desoto Resources Ltd. to the Other Industrial Metals & Mining industry mean.
  • -14.4% Return on Equity means Desoto Resources Ltd. generated $-0.14 for each $1 the owners (shareholders) invested.

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

  • The MRQ is -14.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -14.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-14.4%TTM-14.4%0.0%
TTM-14.4%YOY-71.2%+56.9%
TTM-14.4%5Y-42.8%+28.4%
5Y-42.8%10Y-42.8%0.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-14.4%-7.9%-6.5%
TTM-14.4%-8.4%-6.0%
YOY-71.2%-7.1%-64.1%
5Y-42.8%-11.2%-31.6%
10Y-42.8%-15.6%-27.2%
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1.2. Operating Efficiency of Desoto Resources Ltd..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Desoto Resources Ltd. is operating .

  • Measures how much profit Desoto 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 Desoto Resources Ltd. to the Other Industrial Metals & Mining 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 Desoto 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-0.0%
5Y-10Y-0.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--328.0%+328.0%
TTM--54.0%+54.0%
YOY--46.4%+46.4%
5Y--263.5%+263.5%
10Y--621.1%+621.1%
1.2.2. Operating Ratio

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

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining 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 Desoto 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-5Y-0.000
5Y-10Y-0.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.959-1.959
TTM-1.915-1.915
YOY-2.249-2.249
5Y-4.385-4.385
10Y-8.798-8.798
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1.3. Liquidity of Desoto Resources Ltd..

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 30.30 means the company has $30.30 in assets for each $1 in short-term debts.

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

  • The MRQ is 30.296. The company is very able to pay all its short-term debts. +2
  • The TTM is 30.296. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ30.296TTM30.2960.000
TTM30.296YOY6.644+23.652
TTM30.2965Y18.470+11.826
5Y18.47010Y18.4700.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ30.2962.435+27.861
TTM30.2962.635+27.661
YOY6.6443.631+3.013
5Y18.4704.101+14.369
10Y18.4704.665+13.805
1.3.2. Quick Ratio

Measures if Desoto 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 Desoto Resources Ltd. to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 37.06 means the company can pay off $37.06 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 37.055. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 37.055. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ37.055TTM37.0550.000
TTM37.055YOY6.582+30.474
TTM37.0555Y21.819+15.237
5Y21.81910Y21.8190.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ37.0550.898+36.157
TTM37.0550.844+36.211
YOY6.5821.027+5.555
5Y21.8191.306+20.513
10Y21.8191.469+20.350
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1.4. Solvency of Desoto Resources Ltd..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Desoto Resources Ltd. to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.04 means that Desoto Resources Ltd. assets are financed with 4.3% credit (debt) and the remaining percentage (100% - 4.3%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.043. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.043. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.043TTM0.0430.000
TTM0.043YOY0.290-0.247
TTM0.0435Y0.166-0.124
5Y0.16610Y0.1660.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0430.180-0.137
TTM0.0430.185-0.142
YOY0.2900.150+0.140
5Y0.1660.208-0.042
10Y0.1660.248-0.082
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Desoto Resources Ltd. to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 4.4% means that company has $0.04 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.044. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.044. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.044TTM0.0440.000
TTM0.044YOY0.408-0.363
TTM0.0445Y0.226-0.182
5Y0.22610Y0.2260.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0440.175-0.131
TTM0.0440.190-0.146
YOY0.4080.150+0.258
5Y0.2260.223+0.003
10Y0.2260.248-0.022
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2. Market Valuation of Desoto 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 Desoto Resources Ltd. generates.

  • Above 15 is considered overpriced but always compare Desoto Resources Ltd. to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of -7.31 means the investor is paying $-7.31 for every $1 in earnings.

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

  • The EOD is -4.874. Based on the earnings, the company is expensive. -2
  • The MRQ is -7.311. Based on the earnings, the company is expensive. -2
  • The TTM is -7.311. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.874MRQ-7.311+2.437
MRQ-7.311TTM-7.3110.000
TTM-7.311YOY--7.311
TTM-7.3115Y-3.655-3.655
5Y-3.65510Y-3.6550.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-4.874-3.736-1.138
MRQ-7.311-5.366-1.945
TTM-7.311-5.795-1.516
YOY--8.493+8.493
5Y-3.655-10.470+6.815
10Y-3.655-11.301+7.646
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -11.990. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -17.985. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -17.985. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-11.990MRQ-17.985+5.995
MRQ-17.985TTM-17.9850.000
TTM-17.985YOY--17.985
TTM-17.9855Y-8.992-8.992
5Y-8.99210Y-8.9920.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-11.990-4.343-7.647
MRQ-17.985-5.918-12.067
TTM-17.985-6.787-11.198
YOY--8.933+8.933
5Y-8.992-13.233+4.241
10Y-8.992-14.532+5.540
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of 1.05 means the investor is paying $1.05 for each $1 in book value.

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

  • The EOD is 0.701. Based on the equity, the company is cheap. +2
  • The MRQ is 1.051. Based on the equity, the company is underpriced. +1
  • The TTM is 1.051. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.701MRQ1.051-0.350
MRQ1.051TTM1.0510.000
TTM1.051YOY-+1.051
TTM1.0515Y0.526+0.526
5Y0.52610Y0.5260.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD0.7011.117-0.416
MRQ1.0511.555-0.504
TTM1.0511.598-0.547
YOY-2.271-2.271
5Y0.5262.404-1.878
10Y0.5262.931-2.405
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Desoto 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--0.1040.1040%0.010+970%0.057+83%0.057+83%
Book Value Per Share--0.1140.1140%0.010+1070%0.062+84%0.062+84%
Current Ratio--30.29630.2960%6.644+356%18.470+64%18.470+64%
Debt To Asset Ratio--0.0430.0430%0.290-85%0.166-74%0.166-74%
Debt To Equity Ratio--0.0440.0440%0.408-89%0.226-80%0.226-80%
Dividend Per Share--0.1030.1030%-+100%0.052+100%0.052+100%
Eps---0.016-0.0160%-0.007-58%-0.012-29%-0.012-29%
Free Cash Flow Per Share---0.007-0.0070%-0.006-5%-0.007-2%-0.007-2%
Free Cash Flow To Equity Per Share--0.1010.1010%0.040+154%0.070+44%0.070+44%
Gross Profit Margin--1.5881.5880%1.599-1%1.5940%1.5940%
Market Cap7116000.000-50%10674000.00010674000.0000%-+100%5337000.000+100%5337000.000+100%
Net Profit Margin----0%-0%-0%-0%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio0.701-50%1.0511.0510%-+100%0.526+100%0.526+100%
Pe Ratio-4.874+33%-7.311-7.3110%--100%-3.655-50%-3.655-50%
Price Per Share0.080-50%0.1200.1200%-+100%0.060+100%0.060+100%
Price To Free Cash Flow Ratio-11.990+33%-17.985-17.9850%--100%-8.992-50%-8.992-50%
Price To Total Gains Ratio0.385-50%0.5780.5780%--0.5780%0.5780%
Quick Ratio--37.05537.0550%6.582+463%21.819+70%21.819+70%
Return On Assets---0.138-0.1380%-0.506+268%-0.322+134%-0.322+134%
Return On Equity---0.144-0.1440%-0.712+395%-0.428+198%-0.428+198%
Total Gains Per Share--0.2080.2080%0.010+2028%0.109+91%0.109+91%
Usd Book Value--6598612.1236598612.1230%564139.846+1070%3581375.984+84%3581375.984+84%
Usd Book Value Change Per Share--0.0680.0680%0.006+970%0.037+83%0.037+83%
Usd Book Value Per Share--0.0740.0740%0.006+1070%0.040+84%0.040+84%
Usd Dividend Per Share--0.0670.0670%-+100%0.034+100%0.034+100%
Usd Eps---0.011-0.0110%-0.005-58%-0.008-29%-0.008-29%
Usd Free Cash Flow---385719.549-385719.5490%-367840.151-5%-376779.850-2%-376779.850-2%
Usd Free Cash Flow Per Share---0.004-0.0040%-0.004-5%-0.004-2%-0.004-2%
Usd Free Cash Flow To Equity Per Share--0.0650.0650%0.026+154%0.046+44%0.046+44%
Usd Market Cap4624688.400-50%6937032.6006937032.6000%-+100%3468516.300+100%3468516.300+100%
Usd Price Per Share0.052-50%0.0780.0780%-+100%0.039+100%0.039+100%
Usd Profit---948907.942-948907.9420%-401921.556-58%-675414.749-29%-675414.749-29%
Usd Revenue----0%-0%-0%-0%
Usd Total Gains Per Share--0.1350.1350%0.006+2028%0.071+91%0.071+91%
 EOD+2 -6MRQTTM+0 -0YOY+22 -95Y+22 -910Y+22 -9

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-4.874
Price to Book Ratio (EOD)Between0-10.701
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than137.055
Current Ratio (MRQ)Greater than130.296
Debt to Asset Ratio (MRQ)Less than10.043
Debt to Equity Ratio (MRQ)Less than10.044
Return on Equity (MRQ)Greater than0.15-0.144
Return on Assets (MRQ)Greater than0.05-0.138
Total5/10 (50.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5028.187
Ma 20Greater thanMa 500.086
Ma 50Greater thanMa 1000.090
Ma 100Greater thanMa 2000.098
OpenGreater thanClose0.081
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets10,604
Total Liabilities451
Total Stockholder Equity10,153
 As reported
Total Liabilities 451
Total Stockholder Equity+ 10,153
Total Assets = 10,604

Assets

Total Assets10,604
Total Current Assets8,772
Long-term Assets1,832
Total Current Assets
Cash And Cash Equivalents 6,664
Short-term Investments 2,000
Net Receivables 66
Inventory -66
Other Current Assets 109
Total Current Assets  (as reported)8,772
Total Current Assets  (calculated)8,772
+/-0
Long-term Assets
Property Plant Equipment 1,832
Long-term Assets  (as reported)1,832
Long-term Assets  (calculated)1,832
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities290
Long-term Liabilities161
Total Stockholder Equity10,153
Total Current Liabilities
Short-term Debt 52
Accounts payable 173
Other Current Liabilities 64
Total Current Liabilities  (as reported)290
Total Current Liabilities  (calculated)290
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)161
Long-term Liabilities  (calculated)0
+/- 161
Total Stockholder Equity
Common Stock11,076
Retained Earnings -1,615
Other Stockholders Equity 692
Total Stockholder Equity (as reported)10,153
Total Stockholder Equity (calculated)10,153
+/-0
Other
Cash and Short Term Investments 8,664
Common Stock Shares Outstanding 65,285
Current Deferred Revenue-52
Liabilities and Stockholders Equity 10,604
Net Debt -6,450
Net Working Capital 8,483
Short Long Term Debt Total 214



Balance Sheet

All numbers in thousands.

 Trend2023-06-302022-06-30
> Total Assets 
1,222
10,604
10,6041,222
   > Total Current Assets 
890
8,772
8,772890
       Cash And Cash Equivalents 
881
6,664
6,664881
       Short-term Investments 
0
2,000
2,0000
       Net Receivables 
0
66
660
       Other Current Assets 
8
109
1098
   > Long-term Assets 
332
1,832
1,832332
       Property Plant Equipment 
332
1,832
1,832332
> Total Liabilities 
354
451
451354
   > Total Current Liabilities 
134
290
290134
       Short-term Debt 
0
52
520
       Accounts payable 
23
173
17323
       Other Current Liabilities 
111
64
64111
   > Long-term Liabilities 
0
161
1610
> Total Stockholder Equity
868
10,153
10,153868
   Common Stock
1,023
11,076
11,0761,023
   Retained Earnings -1,615-155
   Capital Surplus 00
   Treasury Stock00
   Other Stockholders Equity 
0
692
6920



Balance Sheet

All numbers in thousands.




Cash Flow

All numbers in thousands.




Income Statement

All numbers in thousands.


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

Gross Profit (+$)
totalRevenue0
Cost of Revenue-0
Gross Profit00
 
Operating Income (+$)
Gross Profit0
Operating Expense-1,535
Operating Income-1,453-1,535
 
Operating Expense (+$)
Research Development0
Selling General Administrative731
Selling And Marketing Expenses859
Operating Expense1,5351,590
 
Net Interest Income (+$)
Interest Income0
Interest Expense-7
Other Finance Cost-7
Net Interest Income0
 
Pretax Income (+$)
Operating Income-1,453
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-1,460-1,453
EBIT - interestExpense = -1,460
-1,452
-1,453
Interest Expense7
Earnings Before Interest and Taxes (EBIT)-1,453-1,453
Earnings Before Interest and Taxes (EBITDA)-1,386
 
After tax Income (+$)
Income Before Tax-1,460
Tax Provision-0
Net Income From Continuing Ops0-1,460
Net Income-1,460
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,535
Total Other Income/Expenses Net00
 

Technical Analysis of Desoto 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 Desoto Resources Ltd.. The general trend of Desoto Resources Ltd. is BEARISH with 100.0% 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 Desoto 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 (-100.0%) Bearish trend (100.0%)
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 Desoto Resources Ltd..

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

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.085 < 0.085 < 0.085.

The bearish price targets are: .

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Desoto 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 Desoto Resources Ltd.. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below 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 below 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

Desoto 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 Desoto Resources Ltd.. The current macd is -0.00240544.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal 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 Desoto Resources Ltd. price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Desoto 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 Desoto 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Desoto Resources Ltd. Daily Moving Average Convergence/Divergence (MACD) ChartDesoto 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 Desoto Resources Ltd.. The current adx is 29.67.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Desoto Resources Ltd. shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Desoto 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 Desoto Resources Ltd.. The current sar is 0.09143323.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Desoto Resources Ltd. Daily Parabolic SAR Chart
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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 Desoto Resources Ltd.. The current rsi is 28.19. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
  • Trending down: The RSI is trending down. -1
Desoto Resources Ltd. Daily Relative Strength Index (RSI) ChartDesoto 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 Desoto Resources Ltd.. The current phase is Oversold in bear market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -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 Desoto Resources Ltd. price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Desoto Resources Ltd. Daily Stochastic Oscillator ChartDesoto 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 Desoto Resources Ltd.. The current cci is -213.46469622.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Desoto Resources Ltd. Daily Commodity Channel Index (CCI) ChartDesoto 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 Desoto Resources Ltd.. The current cmo is -64.30944042.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Desoto Resources Ltd. Daily Chande Momentum Oscillator (CMO) ChartDesoto 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 Desoto Resources Ltd.. The current willr is -100.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Desoto Resources Ltd. Daily Williams %R ChartDesoto Resources Ltd. Daily Williams %R Chart
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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 Desoto Resources Ltd..

Desoto 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 Desoto Resources Ltd.. The current atr is 0.00136242.

Desoto Resources Ltd. Daily Average True Range (ATR) ChartDesoto Resources Ltd. Daily Average True Range (ATR) Chart
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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 Desoto Resources Ltd.. The current obv is -2,788,314.

Desoto Resources Ltd. Daily On-Balance Volume (OBV) ChartDesoto 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 Desoto Resources Ltd.. The current mfi is 0.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Desoto Resources Ltd. Daily Money Flow Index (MFI) ChartDesoto Resources Ltd. Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Desoto 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
2023-10-16STOCH 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).
2023-10-17DMI 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-18MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-10-19DMI 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.
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
2023-10-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-10-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-24MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-10-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-14STOCH 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).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-20STOCH 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
2023-11-22BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05CMO 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).
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).
2023-12-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-27MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-02DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04STOCH 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.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-18DMI 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.
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).
2024-01-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH 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).
2024-01-23DMI 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31STOCH 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).
2024-02-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-09MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside

6.3. Candlestick Patterns

Desoto Resources Ltd. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5028.187
Ma 20Greater thanMa 500.086
Ma 50Greater thanMa 1000.090
Ma 100Greater thanMa 2000.098
OpenGreater thanClose0.081
Total1/5 (20.0%)
Penke

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