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AU Technical Analysis Report

ASX All Ordinaries Holds Above 50-Period SMA; Key Stock in Focus at Current Levels – VMM

Jan 19, 2026

  • VMM:ASX
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (AU$)

Company Overview:  Viridis Mining and Minerals Limited (ASX: VMM) is an Australia-based resource exploration and development company with a diversified portfolio of assets across Brazil, Canada, and Australia. The company’s flagship Colossus Project is considered prospective for rare earth elements. Its gold-focused assets include the South Kitikmeot Project and the Boddington West Project. Below are the key price indicators for the stock: This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendation on this one stock.

ASX All Ordinaries Index (.AORD) Market Round-Up 

The ASX All-Ordinaries Index (.AORD) finished the week at 9,226.70, posting a solid gain of 1.99%. While weakness in U.S. equities weighed on global sentiment and triggered renewed selling pressure across international markets reducing the likelihood of a sustained rebound the Australian market demonstrated notable resilience. Despite broader volatility, local equities maintained a bullish tone throughout the week, underscoring improving investor confidence and relative strength compared with global peers.

From a technical perspective, the index is holding firmly above a key horizontal trendline support, indicating strengthening upside momentum. Additionally, it continues to trade above its 50-period Simple Moving Average (SMA), reinforcing the bullish structure and confirming the broader uptrend remains intact. The upcoming macroeconomic events that may impact the market sentiments include an update on the AU Employment Change, AU Flash Manufacturing PMI and US Unemployment Claims, etc., released weekly.

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