small-cap

Technical Analysis on One ASX-Listed Basic Material Stock – ESR

Aug 25, 2025 | Team Kalkine

Read Time :10 Mins

Technical Analysis on One ASX-Listed Basic Material Stock – ESR — Image source: Shutterstock

ESR:ASX

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (AU$)

Company Overview: Estrella Resources Limited (ASX: ESR) engages in the exploration of mineral resources in Western Australia and Timor-Leste, primarily Exploring for nickel and manganese deposits. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

ESR’s Technical Analysis:

While experiencing a correction during an uptrend, ESR's stock price is forming a descending wedge pattern, suggesting that the current downside momentum in the stock is halting. Additionally, the RSI (14-period) is rebounding near its oversold territory, providing further support for the mentioned recommendation. Prices are trading below both the 21-period and 50-day SMAs, which may potentially function as dynamic resistance levels for the stock; in contrast, the pattern’s lower boundary might act as a dynamic support level. Crucial support for the stock is positioned at AUD 0.030, while key resistance is placed at AUD 0.040.

Daily Technical Chart – ESR

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 stock’s current price levels forming a descending wedge pattern during an uptrend, and momentum oscillator analysis, a “Watch” recommendation is given on the stock. The stock was analysed as per the closing price of AUD 0.035 per share as on 22 August 2025, up by 6.06%. Estrella Resources Limited (ASX: ESR) was last covered in a report dated ‘6 November 2020.’

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: 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 3: Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. 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.

The reference date for all price data, currency, technical indicators, support, and resistance levels is August 22, 2025. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: 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/ Yellow 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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Past performance is not a reliable indicator of future performance.