Technical Analysis for GEM - Gemfields Plc

Grade Last Price % Change Price Change
D 13.06 -1.47% -0.20
GEM closed unchanged on Thursday, September 28, 2023, on 36 percent of normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Volume Surge Other -3.30%
Gapped Down Weakness -0.72%
Volume Surge Other -3.30%
Calm After Storm Range Contraction -3.30%
Gapped Down Weakness -3.30%
Calm After Storm Range Contraction -6.75%
Doji - Bearish? Reversal -6.75%
Outside Day Range Expansion -6.75%
Gapped Up Strength -6.75%
Calm After Storm Range Contraction -5.05%

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Alert Time
Down 1% about 2 hours ago
10 DMA Resistance 1 day ago
2x Volume Pace 1 day ago
1.5x Volume Pace 1 day ago
Down 1% 1 day ago

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Gemfields Plc Description

Gemfields plc engages in the mining, exploration, and processing of gemstones in Zambia. It operates through five segments: Zambia, Mozambique, UK, Fabergé, and Other. The company explores for emerald, beryl, ruby, and corundum deposits, as well as supplies colored gemstones. It holds a 75% interest in the Kagem emerald mine covering an area of approximately 41 square Kilometers in Zambia; and the Montepuez ruby mine covering an area of approximately 350 square kilometers in Mozambique. The company also holds a 50% interest in the Kariba amethyst mine in Zambia. In addition, it is involved in the sale of cut and polished gemstones; provision of marketing, technical, and administrative services; wholesale, retail, and promotion of the Fabergé collection of jewelry and watches; and gemstone trading, auction, and marketing activities. The company was founded in 2005 and is based in London, the United Kingdom.


Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Mining Marketing Minerals Matter Mozambique Auction Watches Jewellery

Is GEM a Buy, Sell or Hold?

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



Magneto296 6 months ago

Price pattern looks like a coil, fast moving pattern, from old 1930's, book I read. That could suggest a price target of 37, although RSI, not really showing any positive divergence, and price range in a very narrow static range. Maybe wait for the Bollinger bands to show some expansion.

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Indicator Value
52 Week High 20.239
52 Week Low 12.5
Average Volume 495,830
200-Day Moving Average 16.52
50-Day Moving Average 14.90
20-Day Moving Average 14.19
10-Day Moving Average 13.47
Average True Range 0.61
RSI (14) 37.11
ADX 26.49
+DI 11.43
-DI 20.91
Chandelier Exit (Long, 3 ATRs) 13.66
Chandelier Exit (Short, 3 ATRs) 14.34
Upper Bollinger Bands 15.97
Lower Bollinger Band 12.40
Percent B (%b) 0.24
BandWidth 25.14
MACD Line -0.50
MACD Signal Line -0.44
MACD Histogram -0.0587
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.92
Resistance 3 (R3) 13.93 13.71 13.81
Resistance 2 (R2) 13.71 13.54 13.71 13.77
Resistance 1 (R1) 13.48 13.44 13.60 13.47 13.73
Pivot Point 13.27 13.27 13.33 13.26 13.27
Support 1 (S1) 13.04 13.10 13.15 13.03 12.77
Support 2 (S2) 12.82 12.99 12.82 12.73
Support 3 (S3) 12.59 12.82 12.69
Support 4 (S4) 12.58