Technical Analysis for PAF - Pan African Resources Plc

Grade Last Price % Change Price Change
F 13.50 -20.02% -3.38
PAF closed down 20.02 percent on Friday, May 26, 2023, on 9.43 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Expansion Breakdown Bearish Swing Setup 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -20.02%

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Alert Time
5x Volume Pace 4 days ago
3x Volume Pace 4 days ago
2x Volume Pace 4 days ago
1.5x Volume Pace 4 days ago
10x Volume Pace 4 days ago

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Pan African Resources Plc Description

Pan African Resources PLC is a precious metals producer engaged in mining. The Company operates through six segments: Barberton Mines, located in Barberton South Africa, derives revenue from sale of gold to South African financial institutions; Evander Gold Mining Proprietary Limited and Evander Gold Mines Limited (collectively known as Evander Mines), located in Evander South Africa, derives revenue from sale of gold to South African financial institutions; Phoenix Platinum, located in North West province in South Africa, derives revenue from sale of platinum group element concentrate to Western Platinum Limited; Uitkomst Colliery, located in Newcastle, KwaZulu-Natal, derives revenue from sale of coal to local and export markets; Corporate office and growth projects, including PAR Gold Proprietary Limited, derives revenue from management fee from providing management and administration services to other group companies, and Funding Company, which provides treasury function activities.


Sector: Basic Materials
Industry: Gold
Keywords: Mining Gold Metal Metals Treasury Revenue Precious Metals Coal Mines Precious Metal Platinum Occupational Safety And Health Gold Mining Management Fee Platinum Group Administration Services Financial Institutions Phoenix Gold Mines Zulu

Is PAF a Buy, Sell or Hold?

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


Indicator Value
52 Week High 21.3
52 Week Low 12.6
Average Volume 3,943,126
200-Day Moving Average 17.20
50-Day Moving Average 17.20
20-Day Moving Average 17.76
10-Day Moving Average 16.84
Average True Range 1.09
RSI (14) 26.47
ADX 20.77
+DI 18.42
-DI 43.07
Chandelier Exit (Long, 3 ATRs) 17.59
Chandelier Exit (Short, 3 ATRs) 16.06
Upper Bollinger Bands 20.67
Lower Bollinger Band 14.84
Percent B (%b) -0.23
BandWidth 32.82
MACD Line -0.51
MACD Signal Line -0.06
MACD Histogram -0.4525
Fundamentals Value
Market Cap 260.32 Million
Num Shares 1.93 Billion
EPS 2.30
Price-to-Earnings (P/E) Ratio 5.87
Price-to-Sales 2.02
Price-to-Book 3.02
PEG Ratio 0.00
Dividend 0.01
Dividend Yield 0.07%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.11
Resistance 3 (R3) 18.39 17.13 17.34
Resistance 2 (R2) 17.13 15.96 16.99 17.09
Resistance 1 (R1) 15.32 15.23 14.69 15.04 16.83
Pivot Point 14.06 14.06 13.74 13.92 14.06
Support 1 (S1) 12.24 12.88 11.61 11.96 10.17
Support 2 (S2) 10.98 12.16 10.84 9.91
Support 3 (S3) 9.17 10.98 9.66
Support 4 (S4) 8.89