Technical analysis from Tribune Resources (TBR.AX, ASX:TBR.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Tribune Resources
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Tribune Resources: Simple Moving Average(5) (6.48)
Simple Moving Average /
Tribune Resources: Simple Moving Average(5) (6.48)

[BULLISH]: Tribune Resources currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 2.3%.

This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 2.3%
Close Tod Vs Close Yest /
This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 2.3%

TBR: Recent performance signals ->(1) 21 May: BULLISH (2) 18 May: NEUTRAL (3) 21 May: NEUTRAL

Pivot Points /
Pivot point for TBR is bullish. Stoploss should be positioned @$6.6

Tribune Resources has broken the first resistance point ($6.6) [Bullish]. Look for a long limit order entry near this point. Exit price for TBR should be set @$6.6 & Stoploss for Tribune Resources should be set between $6.6 & $6.6

Percentage Price /
The current price is still losing momentum through a fall for TBR on the short term EMA.

[BEARISH]: Tribune Resources currently has negative PPO -0.585%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Medium Trend /
Tribune Resources: Medium term trend (Downtrend)

TBR: Medium Term Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH CONFIRM (3) 21 May: BULLISH

Coles Reaction Day /
[Bullish]: A higher high has been achieved for last trading day for TBR

Tribune Resources: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for TBR

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Rate of Change /
Rate of change is now rising for Tribune Resources signalling an uptrend will persist

[BULLISH CROSSOVER]: Tribune Resources currently has positive rate of change of 2.167%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

14-day volume rate of change is now increasing for Tribune Resources
Volume Rate of Change /
14-day volume rate of change is now increasing for Tribune Resources

[BULLISH CROSSOVER]: Tribune Resources currently has positive volume of change of 1200%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.3%.

Tribune Resources has broken the first DeMark resistance point ($6.6) [Bullish]
Demarks Pivot Points /
Tribune Resources has broken the first DeMark resistance point ($6.6) [Bullish]

Tribune Resources current pivot point (DeMark) is: (R1) $6.6. The current pivot point (DeMark) is: (S1) $6.6.

Stochastic Oscillator /
Overbought signal for the Stochastic Oscillator is still current for Tribune Resources

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

On Balance Volume /
OBV: Accumulation still active for Tribune Resources

TBR: OBV Current Signal ->(1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Exponential Moving Average /
[Uptrend]: Recent trading for TBR indicates ST trend is likely to continue

[BULLISH]: Tribune Resources currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.3%.

A short term Gap Up has formed with Tribune Resources
Gap Up /
A short term Gap Up has formed with Tribune Resources

[BEARISH]: A short term Gap Up has formed with Tribune Resources which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 22 occurrences of this bar reversal giving a signal probability of 8.4%.

Positive momentum for TBR is a leading indicator for continued price rise
Momentum /
Positive momentum for TBR is a leading indicator for continued price rise

TBR: MOM Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Open Window /
Tribune Resources: Open Window

[BULLISH]: Tribune Resources has Gapped Up on previous bar.

Relative Strength Index /
Initiation of overbought signal for Tribune Resources [Bearish Crossover]

[BEARISH]: Tribune Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @72.4

Bollinger Bands /
Tribune Resources is now overbought with the Upper Bollinger Band @$6.55

[BEARISH CROSSOVER]: Tribune Resources has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 130.52% with a current width of 2.61.

Limit order for a short position has been identified for Tribune Resources @$0
Fibonacci Extensions /
Limit order for a short position has been identified for Tribune Resources @$0

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

[Strong Trend]: Average Directional Index @39.72 has confirmed a strong trend for TBR
Average Directional Movement /
[Strong Trend]: Average Directional Index @39.72 has confirmed a strong trend for TBR

[Trend]: ADX for TBR has confirmed a strong trend is present. Tribune Resources has an ATR(14) of 0.048, a DX of 7.74 & an ADX(14) of 39.72

Bullish trading conditions for Tribune Resources has initiated a bullish crossover from the DPO (0.0155)
Detrended Price Oscillator /
Bullish trading conditions for Tribune Resources has initiated a bullish crossover from the DPO (0.0155)

TBR: DPO Recent Trading -> (1) 21 May: 0.0155 (2) 18 May: -0.1595 (3) 21 May: 0.209

MACD /
The MACD continues to rise above the signal line for TBR [Bullish]

[BULLISH]: Tribune Resources currently has positive MACD of 0.0261. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 2.3%.

Opening Price /
Recent trading has opened 2.3 % higher than previous close for TBR

TBR: OPEN Current Signal -> (1) 21 May: BULLISH (2) 18 May: NEUTRAL (3) 17 May: NEUTRAL

Triangular Moving Average /
The TMA trend following signal is still current for Tribune Resources [Bullish]

TBR: TMA Recent Trading -> (1) 21 May: 6.4480 (2) 18 May: 6.4380 (3) 21 May: 4.5520

Commodity Channel Index /
Potential CCI trend reversal has been identified with Tribune Resources

[BEARISH CROSSOVER]: Tribune Resources current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 308. During the quarter, the highest CCI value was 308. The last overbought signal occurred on Apr 10 2018

Lower envelope oversold signal had been maintained for Tribune Resources
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Tribune Resources

[BULLISH]: Tribune Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 6.2035.

Tribune Resources has moved above the R1 Woodie pivot point ($6.6) [Bullish]
Woodie Pivot Point /
Tribune Resources has moved above the R1 Woodie pivot point ($6.6) [Bullish]

Tribune Resources has broken the first Woodie resistance point ($6.6) [Bullish]. Look for a long limit order entry near this point. Exit price for TBR should be set @$6.6 & Stoploss for Tribune Resources should be set at $6.6

High Price /
[Bullish]: New high has formed for TBR by 2.3 % during the last trading session

[BULLISH]: Tribune Resources current uptrend in the first timeframe. Currently, the HIGH is 2.3 %.

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