Respiri Ltd. (ASX: RSH)

RSH provides medical devices and mobile health applications to customers in Australia and Israel. Its wheezo is an eHealth Saas platform that assists asthma monitoring.   

Technical Analysis: On a weekly chart, RSH’s prices are trading in a descending channel pattern and facing the resistance of the upper band of the channel that indicates prices might decline in the coming sessions. Moreover, the momentum oscillator RSI (14-period) is trading at ~49.84, indicating weak price momentum for the stock. An important support level for the stock, is placed at AUD 0.045 while the key resistance level is placed at AUD 0.061.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Considering the company’s current price levels trading in descending channel, and momentum indicator analysis, it is prudent for the individuals to ‘watch’ this stock. The stock was analysed as per the closing price of AUD 0.051 per share on 15^th July 2022, up by 2.0%.

Weekly Technical Chart – RSH

RSH Weekly Technical Chart, Data Source: REFINITIV

Dubber Corporation Ltd (ASX: DUB)

DUB is an Australian-based company. Its main activities are call recording and audio asset management in the cloud.

Technical Analysis: On the weekly chart, DUB prices are getting resistance of its 21-period SMA after the prices have shown some upside retracement from lower levels. The momentum oscillator, RSI (14-period) is trading at ~34.65, further indicates weak momentum in the stock prices. An important support level for the stock, is placed at AUD 0.675 while the key resistance level is placed at AUD 0.975.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Considering the company’s current price levels trading below its 21-period SMA, and momentum indicator analysis, it is prudent for the individuals to ‘watch’ this stock. The stock was analysed as per the closing price of AUD 0.785 per share on 15^th July 2022, down by 0.63%.

Weekly Technical Chart – DUB

DUB Weekly Technical Chart, Data Source: REFINITIV

Global Lithium Resources Limited (ASX: GL1)

Global Lithium Resources Limited is an Australia-based company that offers exploration and mining services. The Company develops and explores lithium projects globally.

Technical Analysis: On a Weekly chart, GL1 prices are moving in a downward trend with a weak bias. GL1 prices are trading below the 21 and 50-period SMA, which may act as a resistance in the near term. The momentum oscillator, RSI (14-period) is trading below the midpoint and showing a reading of ~37.414. An important support level for the stock is placed at AUD 0.90 while the key resistance level is placed at AUD 1.18.

Investors can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Considering the company’s current price levels trading in a downward direction, and momentum indicator analysis, it is prudent to recommend a ‘Watch’ stance on this stock. The stock was analysed as per the closing price of AUD 1.030 per share on 15^th July 2022, down by 4.186%.

Weekly Technical Chart – GL1

Note 1: Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Note 2: Related Risks: This report may be looked at from high-risk perspective. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest. 

Stop-loss: In general, it is a level to protect further losses in case of unfavourable movement in the stock prices.

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Orange colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

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