Breville Group Limited (ASX: BRG)

Breville Group Limited is an Australian-based company that designs, develops, and sells small electric kitchen appliances globally. The company sells espresso machines, grills, juicers, toasters, vacuum cleaners, sandwich makers, citrus presses, kettles, and other appliances.

Technical Analysis: On a Daily chart, BRG prices have given a falling trendline breakout and prices are sustaining above the breakout level. BRG 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 recovering from the oversold zone and showing a reading of ~36.063, which may further support the prices in the near term. An important support level for the stock is placed at AUD 17.50 while the key resistance level is placed at AUD 22.00.

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 recovering from the lower levels, mentioned resistance levels 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 19.480 per share on 14^th July 2022, up by 0.102%.

Weekly Technical Chart – BRG

Cann Group Limited (ASX: CAN)

Cann Group Limited is a developer and marketer for cannabis, cannabis resins, and medical cannabis. The company grows, extracts, and breeds medical cannabis for a variety of diseases and conditions.

Technical Analysis: On the weekly chart, CAN prices took support at lower levels, and a trendline breakout is noticed with a positive bias. The momentum oscillator, RSI (14-period) is trading around the midpoint and showing a reading of ~48.748, which further supports the prices in the near term. An important support level for the stock is placed at AUD 0.260 while the key resistance level is placed at AUD 0.340.

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 above the support zone, 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 0.300 per share on 14^th July 2022, up by 3.448%.

Weekly Technical Chart – CAN

Tennant Minerals Limited (ASX: TMS)

Tennant Minerals Limited is an Australia-based mineral exploration and development company. The TMS focuses on developing gold exploration projects and mining copper, base metals, lithium, and cobalt.

Technical Analysis: On the weekly chart, TMS prices are moving in a downward trend, and recently the prices took support at lower levels. The momentum oscillator, RSI (14-period) is trading below the midpoint and showing a reading of ~43.178, which further indicates weakness in the stock prices. TMS prices are trading below the 21 and 50-period SMA, which may act as a resistance in the near term. An important support level for the stock is placed at AUD 0.026 while the key resistance level is placed at AUD 0.034.

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 trend, 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 0.030 per share on 14^th July 2022, up by 3.448%.

Weekly Technical Chart – TMS

Note 1: The reference date for all price data, currency, technical indicators, support, and resistance levels is July 14, 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 2: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

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.

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 any 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 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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