Technical Analysis for SHG - Shanta Gold Limited

Grade Last Price % Change Price Change
C 11.63 1.09% 0.13
SHG closed up 1.09 percent on Friday, June 2, 2023, on 18 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
20 DMA Resistance Bearish 1.09%
Pocket Pivot Bullish Swing Setup 1.09%
Bollinger Band Squeeze Range Contraction 1.09%
20 DMA Resistance Bearish 2.20%
Bollinger Band Squeeze Range Contraction 2.20%
Doji - Bullish? Reversal 2.20%
20 DMA Resistance Bearish 2.20%

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Profile

Shanta Gold Limited Description

Shanta Gold Limited is a gold producing company engaged in the investment in gold exploration and production in Tanzania. The Company is engaged in mining, processing, exploration and related activities. Its Tanzanian-based assets include New Luika Gold Mine, Singida, Songea and Lupa Goldfield exploration. Its New Luika Gold Mine is located in Chunya administrative district, Mbeya region in the Lupa Goldfield of south west Tanzania. Its Singida property is located in Ikungi Administrative District, Singida Region, central Tanzania. It has over three prospecting licenses covering approximately 90 square kilometers and over three mining licenses covering approximately 30 square kilometers. Its Songea property is located in Mbinga and Songea administrative districts in the Ruvuma region of southern Tanzania. It has over three prospecting licenses covering approximately 60 square kilometers. It holds over 1,300 square kilometers of prospective exploration ground in the Lupa Goldfield.


Classification

Sector: Basic Materials
Industry: Gold
Keywords: Mining Gold Prospecting Goldfield Mbeya Mbeya Region

Is SHG a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 13.9988
52 Week Low 8.3932
Average Volume 4,805,134
200-Day Moving Average 10.61
50-Day Moving Average 11.92
20-Day Moving Average 11.51
10-Day Moving Average 11.47
Average True Range 0.49
RSI (14) 49.75
ADX 13.66
+DI 18.63
-DI 15.81
Chandelier Exit (Long, 3 ATRs) 10.62
Chandelier Exit (Short, 3 ATRs) 12.47
Upper Bollinger Bands 11.84
Lower Bollinger Band 11.19
Percent B (%b) 0.67
BandWidth 5.62
MACD Line -0.11
MACD Signal Line -0.14
MACD Histogram 0.0235
Fundamentals Value
Market Cap 121.3 Million
Num Shares 1.04 Billion
EPS -0.60
Price-to-Earnings (P/E) Ratio -19.38
Price-to-Sales 1.08
Price-to-Book 1.93
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.23
Resistance 3 (R3) 12.17 11.91 12.13
Resistance 2 (R2) 11.91 11.76 11.94 12.09
Resistance 1 (R1) 11.77 11.66 11.84 11.83 12.06
Pivot Point 11.51 11.51 11.54 11.54 11.51
Support 1 (S1) 11.37 11.36 11.44 11.43 11.19
Support 2 (S2) 11.11 11.26 11.14 11.16
Support 3 (S3) 10.97 11.11 11.13
Support 4 (S4) 11.03