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

Tabcorp Holdings
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Selling pressure for TAH highlights ability of sellers to drive the price downwards
Elder Ray Index /
Selling pressure for TAH highlights ability of sellers to drive the price downwards

[BEARISH]: Tabcorp HoldingsElder Ray Index is signalling a Bearish movementERI is -0.181 indicating bear power. Prices are being driven below the consensus of value for TAH during the last trading session [Selling Pressure]

TAH: Medium term trend is still an Uptrend
Medium Trend /
TAH: Medium term trend is still an Uptrend

TAH: Medium Term Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CONFIRM (3) 11 Jan: BEARISH CONFIRM

Close Tod Vs Range Tod /
Seller commitment has continued for Tabcorp Holdings adding strength to an downtrend in the first timeframe

[BEARISH]: Tabcorp Holdings sellers in control. There has been 2 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 92 trading days with the closing price in the lower part of the range giving a confirmation ratio of 35.2%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

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

[BEARISH]: Tabcorp Holdings current downtrend in the first timeframe. Currently, the Close is $5.22.

Demarks Pivot Points /
Tabcorp Holdings has moved above the R1 DeMark pivot point ($5.24125) [Bullish]

Tabcorp Holdings current pivot point (DeMark) is: (R1) $5.277. The current pivot point (DeMark) is: (S1) $5.162.

Pivot Points /
[Long]: Entry price for TAH should be set @$5.291

Tabcorp Holdings has broken the first resistance point ($5.291) [Bullish]. Look for a long limit order entry near this point. Exit price for TAH should be set @$5.363 & Stoploss for Tabcorp Holdings should be set between $5.133 & $5.061

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Weighted Moving Average /
Weighted Moving Average(30) signal is confirmed for Tabcorp Holdings indicating upward price movement is likely

TAH: WMA Recent Trading -> (1) 11 Jan: 5.297 (2) 11 Jan: 4.581 (3) 11 Jan: 6.975

Limit order for a long position has been identified for Tabcorp Holdings [Bullish]
Camarilla Pivot Points /
Limit order for a long position has been identified for Tabcorp Holdings [Bullish]

Tabcorp Holdings has broken the first Camarilla resistance point ($5.657) [Bullish]. Look for a long limit order entry near this point. Exit price for TAH should be set @$6.095 & Stoploss for Tabcorp Holdings should be set between $4.345 & $3.908

Tabcorp Holdings: Over the last month there has been 1 trading days giving a confirmation ratio of 12.5%.
Open Tod Vs Close Tod /
Tabcorp Holdings: Over the last month there has been 1 trading days giving a confirmation ratio of 12.5%.

[BEARISH]: Tabcorp Holdings opened in the lower part of daily range at 13% & closed in the lower part of the trading range at 13%. This suggests the buyers have lost control. Over the last 12 months there has been 10 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 3.8%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

Volume /
Tabcorp Holdings has failed to achieve a lower volume of 5.26159e+006 (-30.4)

TAH: VOLUME Recent Trading -> (1) 11 Jan: 5.26159e+006 (2) 10 Jan: 7.55441e+006 (3) 09 Jan: 5.8558e+006

Sine Weighted Moving Average /
[Uptrend]: Recent trading for TAH confirms bullish SWMA(30) signal

TAH: SWMA Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH CROSSOVER

Percentage Volume /
TAH: The return on PVO is -2.1%.

[BULLISH CROSSOVER]: Tabcorp Holdings currently has positive PVO 1.6%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -2.1%.

The 161.8% Fibonacci extension level for TAH has moved to the upper limit. Stoploss should be positioned @$3.03
Fibonacci Extensions /
The 161.8% Fibonacci extension level for TAH has moved to the upper limit. Stoploss should be positioned @$3.03

Tabcorp Holdings: The current Fibonacci Extension levels are: (23.61%) $5.58: (38.2%) $5.48: (50%) $5.4: (61.8%) $5.32The current support levels are: (78.6%) $5.2: (100%) $5.06: (138.2%) $4.8: (161.8%) $4.64: (261.8%) $3.97: (423.61%) $2.88

Tabcorp Holdings: Closing price $5.22 is below the Lower Envelope Band ($5.0635)
Moving Average Envelope /
Tabcorp Holdings: Closing price $5.22 is below the Lower Envelope Band ($5.0635)

[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 5.0635.

Detrended Price Oscillator /
Tabcorp Holdings: Detrended Price Oscillator(20) is 0.088

[BULLISH]: Tabcorp Holdings currently has a confirmed uptrend. Price is currently above the displaced moving average for TAHCurrently, the return on DPO20 is -0.6%.

Ulcer Index /
Ulcer index has fallen as the price rises for Tabcorp Holdings

[BEARISH]: Tabcorp Holdings UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.557.

Chaikin Money Flow /
CMF Crossover & commencement of potential trend change for Tabcorp Holdings

[BULLISH CROSSOVER]: Tabcorp Holdings current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.11. During the quarter, the highest CMF value was 0.31

Triangular Moving Average(30) signal is confirmed for Tabcorp Holdings indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(30) signal is confirmed for Tabcorp Holdings indicating upward price movement is likely

[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 -0.6%.

Closing price for TAH ($5.22) signals sellers are still keener than buyers
Close Tod Vs Close Yest /
Closing price for TAH ($5.22) signals sellers are still keener than buyers

[BEARISH]: Tabcorp Holdingssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for TAH adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.8 & the greatest daily negative change this year has been -1.8. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -10%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.1%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -1%

William %R for TAH is still below the oversold limit signalling a bullish movement
Williams %R /
William %R for TAH is still below the oversold limit signalling a bullish movement

[BEARISH]: Tabcorp Holdings is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Percentage Price /
Tabcorp Holdings currently has positive PPO 1.700

[BULLISH]: Tabcorp Holdings currently has positive PPO 1.700%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Rate of Change /
Negative ROC for Tabcorp Holdings is a leading indicator for continued price fall

[BEARISH]: Tabcorp Holdings currently has negative rate of change of -3.7%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Accumulation / Distribution /
Accumulation signal for Tabcorp Holdings is confirmed

TAH: ADLINE Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Elders Force Index /
Bearish conditions for TAH are likely to continue based on EFI (-153638)

[BEARISH]: Tabcorp Holdings current price has highlighted recent selling pressure. Currently, the Elders Force Index is -153638.

Market movement continuation likely for TAH as a result of Fake Day
Bill Williams Market Facilitation /
Market movement continuation likely for TAH as a result of Fake Day

Tabcorp Holdings Currently is a confirmed Fake Day. MFI indicator is up, volume is down for TAH. Trend continuation possible for TAH from reduced trading activity.

Tabcorp Holdings is now being accumulated based on DVI
Daily Volume Index /
Tabcorp Holdings is now being accumulated based on DVI

[BULLISH CROSSOVER]: Tabcorp Holdings current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Aroon Oscillator /
TAH: Aroon oscillator has confirmed an strong uptrend @56

[BULLISH]: Tabcorp Holdings has a current ARO(25) of 56. This has change 0 points from yesterday.

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