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

Tribune Resources
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DVI: Accumulation still active for Tribune Resources
Daily Volume Index /
DVI: Accumulation still active for Tribune Resources

[BULLISH]: Tribune Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Volume is still above the short term EMA for TBR [Bullish]
Percentage Volume /
Volume is still above the short term EMA for TBR [Bullish]

[BULLISH]: Tribune Resources currently has positive PVO 18.3%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.1%.

High Price /
[Bullish]: New high has formed for TBR by 0.1 % during the last trading session

TBR: HIGH Recent Trading -> (1) 20 Feb: 6.87 (2) 19 Feb: 6.86 (3) 16 Feb: 7

Close Tod Vs Close Yest /
Daily trading performance for TBR has initiated a short term uptrend

[BULLISH]: Tribune Resourcesbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for TBR adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 0.1 & the greatest daily positive change this year has been 2.9. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 19.3%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.2x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 0.1%

Volume /
Recent trading for TBR has failed to beat the previous volume by -64.9 [Downtrend]

[BEARISH]: Tribune Resources current volume downtrend in the first timeframe. Volume for TBR is2122 (-64.9).

Average Directional Movement /
Tribune Resources: Average Directional Index (65.95) has confirmed a very strong trend is present

[Stong Trend]: ADX for TBR has confirmed a very strong trend is presentTribune Resources has an ATR(14) of 0.078, a DX of 85.35 & an ADX(14) of 65.95

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Open Tod Vs Close Tod /
Open/close reversal confirmed for Tribune Resources signalling the buyers were in control all day.

[BULLISH STRONG]: Tribune Resources opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 22 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 8.6%. Over the last month there has been 0 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 0%.

Tribune Resources: Daily low price is $6.75 [Lower Low]
Low Price /
Tribune Resources: Daily low price is $6.75 [Lower Low]

TBR: LOW Current Signal -> (1) 20 Feb: NEUTRAL (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

TBR Basic Candle: White Marubozu
White Marubozu /
TBR Basic Candle: White Marubozu

[BULLISH]: Tribune Resources has formed a White Marubozu candlestick. This means, TBR has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Opening Price /
Price for TBR has opened weaker than close of the previous trading session

TBR: OPEN Recent Trading -> (1) 20 Feb: 6.75 (2) 19 Feb: 6.77 (3) 16 Feb: 7

Bollinger Bands /
Tribune Resources is still oversold with the Lower Bollinger Band @$6.91

[BULLISH]: Tribune Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is -9.2% with a current width of 5.49.

Pivot Points /
Tribune Resources has moved below the S1 pivot point ($6.79) [Bearish]

Tribune Resources has broken the first support point ($6.79) [Bearish]. Look for a short limit order entry near this point. Exit price for TBR should be set @$6.71 & short position stoploss for Tribune Resources should be set between $6.95 & $7.03

Tribune Resources: Closing price $6.87 is below the TMA(5) @$7.056
Triangular Moving Average /
Tribune Resources: Closing price $6.87 is below the TMA(5) @$7.056

[BEARISH]: Tribune Resources 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 0.1%.

Tribune Resources: Range Performance (9.1)
Range Tod Vs Range Yest /
Tribune Resources: Range Performance (9.1)

TBR: Range today versus range yesterday Current Signal ->(1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 20 Feb: BEARISH

Bill Williams Market Facilitation /
BWFI has signalled a Fake Day for Tribune Resources

Tribune Resources Currently is a confirmed Fake Day. MFI indicator is up, volume is down for TBR. Trend continuation possible for TBR from reduced trading activity.

Moving Average Envelope /
Tribune Resources: Closing price $6.87 is below the Lower Envelope Band ($6.7260)

[BEARISH]: Tribune Resources current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 7.4340.

Aroon Oscillator /
Tribune Resources: ARO(-52) has signalled and strong downtrend is current

[BEARISH]: Tribune Resources has a current ARO(25) of -52. This has change -4 points from yesterday.

Bearish trading conditions for Tribune Resources has been signalled from the DPO (-0.2775)
Detrended Price Oscillator /
Bearish trading conditions for Tribune Resources has been signalled from the DPO (-0.2775)

[BEARISH]: Tribune Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for TBRCurrently, the return on DPO20 is 0.1%.

Tribune Resources has moved below the S1 Woodie pivot point ($6.81) [Bearish]
Woodie Pivot Point /
Tribune Resources has moved below the S1 Woodie pivot point ($6.81) [Bearish]

Tribune Resources has broken the first Woodie support point ($6.81) [Bearish]. Look for a short limit order entry near this point. Exit price for TBR should be set @$6.72 & short position stoploss for Tribune Resources should be set at $6.96

Second timeframe trend of Tribune Resources remains as an Uptrend
Medium Trend /
Second timeframe trend of Tribune Resources remains as an Uptrend

TBR: Medium Term Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH CONFIRM (3) 20 Feb: BEARISH

Commodity Channel Index /
Tribune Resources: The CCI oversold signal has been confirmed

[BULLISH]: Tribune Resources current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -217. TBR received a confirmed CCI crossover on the Feb 15 2018.The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -302.

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

[BEARISH]: Tribune Resources current price has highlighted recent distribution. Currently, the OBV is -4577.

Demarks Pivot Points /
Tribune Resources has moved above the R1 DeMark pivot point ($6.84) [Bullish]

Tribune Resources has broken the first DeMark resistance point ($6.84) [Bullish]. Look for a long limit order entry near this point. Exit price for TBR should be set @$6.93 & Stoploss for Tribune Resources should be set at $6.81

Momentum /
Tribune Resources: Momentum(5)

TBR: MOM Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BULLISH

Tribune Resources: Close versus price range (100%.)
Close Tod Vs Range Tod /
Tribune Resources: Close versus price range (100%.)

TBR: Close versus price range Recent Trading ->(1) 20 Feb: 100% (2) 19 Feb: 100% (3) 20 Feb: 58.8%

Ease of Movement for Tribune Resourcesis 28.275 [Easily Moved]
Ease of Movement /
Ease of Movement for Tribune Resourcesis 28.275 [Easily Moved]

TBR: EOM Current Signal -> (1) 20 Feb: BULLISH EASY (2) 19 Feb: BEARISH EASY (3) 20 Feb: BULLISH HARD

Price Range /
Tribune Resources: Range ($0.12)

[BULLISH]: Tribune Resources current uptrend in the first timeframe. Currently, the Range is $0.12.

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