China Threatens to Cut Rare Earth Supplies Again, Impacting Japanese Manufacturing
- Rare Earth Supply Threat: China warns Japan of potential rare earth supply cuts, stemming from comments made by the Japanese Prime Minister regarding Xi Jinping and Taiwan, which could increase risks for Japanese manufacturers reliant on these materials.
- Reduced Dependence: A former Japanese minister noted that Japan has reduced its reliance on Chinese rare earths from 90% to 60%, yet still depends on China for heavy rare earths, highlighting the challenges in diversifying supply chains.
- Market Reaction: Following the news, Japan's Topix index fell by about 1%, although some stocks rose; however, the Transport Equipment Index dropped 2.5%, indicating market sensitivity to rare earth supply risks.
- Investor Confidence: Despite the pressures, major brokerage CEOs remain optimistic about Japanese stocks, projecting a more than 20% increase in the Topix by 2025, reflecting confidence in the resilience of the Japanese economy.
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Technical Analysis for RARE
Technical Sentiment Analysis for SuperRare (RARE) As of , SuperRare (RARE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RARE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, RARE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
SuperRare (RARE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00575 | 0.0109 | 0.0154 | 0.0206 | 0.0251 | 0.0303 | 0.0348 |
| Fibonacci | 0.0109 | 0.0146 | 0.0169 | 0.0206 | 0.0243 | 0.0266 | 0.0303 |
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