Market Mover | Mineral Resources shares fall 3%, approaching the support level
Market Mover | Mineral Resources shares fall 3%, approaching the support level
Resistance: A$54.53$Mineral Resources Ltd (MIN.AU)$ shares fell 3.75% on Wednesday, with trading volume expanding to A$53.34 million. Mineral Resources has fallen 26.99% over the past week, with a cumulative loss of 47.43% year-to-date.
$Mineral Resources Ltd (MIN.AU)$ 股價在週三下跌了3.75%，交易量擴大至A$5334萬。礦產資源公司過去一週下跌了26.99%，年初以來累計虧損了47.43%。
Mineral Resources's technical analysis chart:
礦產資源公司的技術面分析圖：
Technical Analysis:
技術面分析：
Support: A$35.76
Resistance: A$54.53
Price range A$35.76 to A$54.53: The trading range indicates a heavy concentration of selling orders, with the stock price on an downward trend. There's a high concentration of trapped positions within the trading range, which implies strong resistance to any upward movement. The stock started to decline near A$54.53 due to selling pressure and repeatedly touched the A$35.76 level, where it seems to find some support. Going forward, it's crucial to watch whether the support at A$35.76 holds and if it can lead to a potential rebound.
支撐位：A$35.76
支撐位：A$54.53
價格區間A$35.76至A$54.53：交易區間顯示賣單集中，股價呈現下降趨勢。在交易區間內，存在大量被套的倉位，暗示對上漲的強烈阻力。股價由於賣壓開始在A$54.53附近下跌，並多次觸及A$35.76水平，似乎在這裏找到一些支撐。未來至關重要的是觀察A$35.76支撐位是否能夠保持，並是否能引發潛在的反彈。
Market News :
市場資訊：
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Mineral Resources unveiled its 2024 Annual Reporting Suite on October 21, 2024. The company achieved a milestone by delivering the first ore shipment for Onslow Iron ahead of schedule, an impressive feat accomplished just 21 months after the final investment decision. It also marked a record production high from its Mt Marion and Wodgina lithium mines and successfully completed the acquisition of the Bald Hill lithium mine in the Goldfields region. The record earnings from Mining Services were further bolstered by a growing client base, with the addition of six new contracts and three contract renewals. Moreover, the Energy business segment celebrated further successes, including the appraisal wells at Lockyer-3 and Lockyer-5, which indicated significant volumes of high-quality, clean gas.
The founder and Chief Executive , Chris Ellison, admitted to not disclosing revenue from certain sales contracts signed with the company to the Australian Tax Office, prompting the engagement of an external legal counsel to investigate the CEO's sales contracts.
Barrenjoey reduced its price target for Mineral Resources by 22%, setting a new target at A$42.00 per share. Additionally, Citi downgraded its rating for Mineral Resources from 'Buy' to 'Neutral'.
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Mineral Resources在2024年10月21日發佈了2024年度報告套件。公司提前完成了Onslow Iron的首批礦石裝運，這是在最終投資決策後僅21個月就取得的里程碑。它還標誌着Mt Marion和Wodgina鋰礦的產量創下了歷史新高，併成功完成了對Goldfields地區Bald Hill鋰礦的收購。礦業服務的收入記錄進一步得到增強，增加了不斷增長的客戶群，新增了6份新合同和3份續約合同。此外，能源業務板塊慶祝取得了進一步的成功，包括Lockyer-3和Lockyer-5的評估井，表明產量巨大，質地優良、潔淨的燃料幣。
創始人兼首席執行官Chris Ellison承認未向澳大利亞稅務局披露與公司簽訂的某些銷售合同的營業收入，促使聘請外部法律顧問調查CEO的銷售合同。
Barrenjoey將Mineral Resources的價格目標下調了22%，將新目標設定爲A$42.00每股。此外，Citi將Mineral Resources的評級從'買入'下調爲'中立'。
Overall Analysis:
總體分析：
Fundamentally, focus on the company's performance and operational status. Technically, pay attention to whether the support levels hold and if the resistance levels can be effectively breached.
基本上，關注公司的業績和運營狀況。從技術上講，要注意支撐位能否持穩，以及阻力位是否能被有效突破。
In this scenario, investors should adopt a cautious strategy, setting stop-loss points to manage risk and maintaining ongoing vigilance regarding company developments and market conditions.
在這種情況下，投資者應採取謹慎的策略，設置止損點來管理風險，並對公司發展和市場情況保持持續警惕。
Source: Mineral Resources, Bloomberg
資訊來源：Mineral Resources，彭博社
