Technical analysis from Tabcorp Holdings (TAH.AX, ASX:TAH.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Tabcorp Holdings
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TAH: Current trading activity signals distribution is active
Accumulation / Distribution /
TAH: Current trading activity signals distribution is active

TAH: ADLINE Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

TAH Basic Candle: Black
Black Candle /
TAH Basic Candle: Black

[BEARISH]: Tabcorp Holdings has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Sine Weighted Moving Average /
[Bearish]: Trend following indicator for TAH highlights downward price direction is likely

[BEARISH]: Tabcorp Holdings currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.9%.

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Tabcorp Holdings

TAH: Stochastic Oscillator Signal -> (1) 21 Jun: BEARISH CROSSUNDER (2) 20 Jun: BULLISH CROSSOVER (3) 19 Jun: BEARISH CROSSUNDER

Aroon Oscillator /
Daily trading has confirmed an Aroon uptrend (28) for Tabcorp Holdings

[BULLISH]: Tabcorp Holdings has a current ARU(25) of 76 and a current ARD(25) of 48

MACD /
Tabcorp Holdings: MACD @0.0047 [Bullish]

[BULLISH]: Tabcorp Holdings currently has positive MACD of 0.0047. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.1%.

Tabcorp Holdings is in a short term downtrend with the closing price @$4.57
Triangular Moving Average /
Tabcorp Holdings is in a short term downtrend with the closing price @$4.57

[BEARISH]: Tabcorp Holdings currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.9%.

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Fibonacci Extensions /
[Short]: Limit orders for Tabcorp Holdings should be set at $0

Tabcorp Holdings has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for TAH should be set @$0 & short position stoploss for Tabcorp Holdings should be set at $0

Daily trading has confirmed the DPO(20) is bullish for Tabcorp Holdings
Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Tabcorp Holdings

[BULLISH]: Tabcorp Holdings currently has a confirmed uptrend. Price is currently above the displaced moving average for TAH. Currently, the return on DPO20 is -0.9%.

First timeframe trend of Tabcorp Holdings has signalled an Downtrend
Short Trend /
First timeframe trend of Tabcorp Holdings has signalled an Downtrend

[BEARISH]: Tabcorp Holdings is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Daily Volume Index /
Market conditions are indicating DVI distribution is current for TAH

[BEARISH]: Tabcorp Holdings current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -10635.

Close Tod Vs Range Tod /
Tabcorp Holdings: Close versus price range (0%.)

[BEARISH]: Tabcorp Holdings sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Tabcorp Holdings adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 79 trading days with the closing price in the lower part of the range giving a confirmation ratio of 30%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 28.6%. Currently this quarter, closing price has spent 24 days in the lower price range compared to 17 days in the upper range giving a ratio of 1.4x.

Pivot Reversal /
A short term Pivot Reversal has formed with Tabcorp Holdings

[BEARISH]: A short term Pivot Reversal has formed with Tabcorp Holdings which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 15 occurrences of this bar reversal giving a signal probability of 5.7%.

Tabcorp Holdings: Average True Range (0.086) has confirmed an downtrend is present
Average True Range /
Tabcorp Holdings: Average True Range (0.086) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Tabcorp Holdings has a TR of 0.07, and an ATR(14) of 0.086.

[Long]: Exit price for TAH should be set @$4.605
Demarks Pivot Points /
[Long]: Exit price for TAH should be set @$4.605

Tabcorp Holdings current pivot point (DeMark) is: (R1) $4.605. The current pivot point (DeMark) is: (S1) $4.535.

Price Range /
Tabcorp Holdings: Daily price tange is $0.07 [Increasing Range]

[BULLISH]: Tabcorp Holdings current uptrend in the first timeframe. Currently, the Range is $0.07.

Elder Ray Index /
Tabcorp Holdings: Elder Ray Index is 0.078 [Bullish]

[BULLISH]: Tabcorp Holdings Elder Ray Index is signalling a Bullish movementERI is 0.078 indicating bull power. Prices are being driven above the consensus of value for TAH during the last trading session [Buying Pressure]

MACD Volume /
Tabcorp Holdings: Volume MACD oscillator (105816)

TAH: Volume MACD Current Signal -> (1) 21 Jun: BULLISH CROSSOVER (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: BULLISH

Tabcorp Holdings: Uptrend for the medium term trend is continued
Medium Trend /
Tabcorp Holdings: Uptrend for the medium term trend is continued

[BULLISH]: Tabcorp Holdings is in an uptrend in the medium term timeframe. The current rally number is 9 & the highest rally count for the LTM is 105. The highest rally for the month is 14

Tabcorp Holdings is in a short term downtrend with the closing price @$4.57
Simple Moving Average /
Tabcorp Holdings is in a short term downtrend with the closing price @$4.57

[BEARISH]: Tabcorp Holdings currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.9%.

Negative momentum confirmation for TAH is a leading indicator for continued price falls
Momentum /
Negative momentum confirmation for TAH is a leading indicator for continued price falls

[BEARISH CROSSOVER]: Tabcorp Holdings currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.9%.The largest downward momentum rally for the last 3 months is 10 days producing a return of -2.7%.

Ease of Movement /
Price moved on high volume to close lower for the day for TAH [Difficult to Move]

TAH: EOM Current Signal -> (1) 21 Jun: BEARISH HARD (2) 20 Jun: BULLISH HARD (3) 19 Jun: BEARISH HARD

Low Price /
[Bearish]: Lower low has formed for TAH by -0.7 % during the last trading session

[BULLISH]: Tabcorp Holdings current downtrend in the first timeframe. Currently, the Low is $4.57 (-0.7 %).

Closing Price /
Close for TAH has not surpassed the close of the previous trading session

TAH: CLOSE Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH

Pivot Points /
Tabcorp Holdings has broken the first support point ($4.546) [Bearish]

Tabcorp Holdings has broken the first support point ($4.546) [Bearish]. Look for a short limit order entry near this point. Exit price for TAH should be set @$4.523 & short position stoploss for Tabcorp Holdings should be set between $4.663 & $4.686

Oversold signal continues for Tabcorp Holdings indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Tabcorp Holdings indicating upward price movement is likely

[BULLISH]: Tabcorp Holdings current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 4.3035.

Tabcorp Holdings: Volume rate of Change (-8)
Volume Rate of Change /
Tabcorp Holdings: Volume rate of Change (-8)

[BEARISH]: Tabcorp Holdings currently has negative rate of change of -8%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.9%.

High Price /
[Bearish]: Lower high has formed for TAH by -0.4 % during the last trading session

TAH: HIGH Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH

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