TCL | Australian Securities Exchange

Transurban
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A short term Pivot Reversal has formed with Transurban
Pivot Reversal /
A short term Pivot Reversal has formed with Transurban

[BEARISH]: A short term Pivot Reversal has formed with Transurban which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

TCL Basic Candle: Black
Black Candle /
TCL Basic Candle: Black

TCL: Basic Candlestick Recent Trading -> (1) 25 Sep: Black Candle (2) 24 Sep: White Candle (3) 21 Sep: White Closing Marubozu

Range Tod Vs Range Yest /
Contracting price range of -28.6% on an down tick day for Transurban

[WEAK BULLISH]: Transurban sellers are becoming less eager. There has been 3 consecutive days of range increase for TCL reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.0200 & the greatest daily price range this year has been $1.5400. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.7x.

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

TCL: MOM Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

Exponential Moving Average /
Exponential Moving Average(15) signal continues for Transurban indicating downward price movement is likely

[BEARISH]: Transurban currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -0.6%.

Close Tod Vs Range Tod /
Transurban : Buyers are in control at the market close.

[BULLISH]: Transurban buyers are in control at the market close. This is the first day of buyer commitment for Transurban adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 17.6%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 1 days in the lower range giving a ratio of 3x.

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On Balance Volume /
OBV: Accumulation still active for Transurban

[BULLISH]: Transurban current price has highlighted recent accumulation. Currently, the OBV is 2.32426e+007.

Average Directional Index for Transurban  has signalled a strong trend is active
Average Directional Movement /
Average Directional Index for Transurban has signalled a strong trend is active

[Trend]: ADX for TCL has confirmed a strong trend is present. Transurban has an ATR(14) of 0.173, a DX of 29.94 & an ADX(14) of 29.47

The daily range for Transurban  has achieved a lower low [Downtrend]
Short Trend /
The daily range for Transurban has achieved a lower low [Downtrend]

[BEARISH]: Transurban 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

Medium Trend /
Transurban : 2nd timeframe trend Downtrend remains intact

[BEARISH]: Transurban has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Sep 24 2018.

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

[BEARISH]: Transurban currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.6%.

Triangular Moving Average /
Transurban is in a short term downtrend with the resistance price @$11.635

[BEARISH]: Transurban currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -0.6%.

Woodie pivot point for TCL is bearish. Stoploss should be positioned @$11.31
Woodie Pivot Point /
Woodie pivot point for TCL is bearish. Stoploss should be positioned @$11.31

Transurban current pivot point (Woodie) is: $11.21. The current resistance levels are: (R1) $11.27: (R2) $11.31The current support levels are: (S1) $11.17: (S2) $11.11

DVI: Distribution still active for TCL.AX
Daily Volume Index /
DVI: Distribution still active for TCL.AX

[BEARISH]: Transurban (ASX:TCL) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1250.

Aroon Oscillator /
TCL: Aroon oscillator has confirmed a strong downtrend @-64

[BEARISH]: Transurban has a current ARU(25) of 28 and a current ARD(25) of 92

Pivot Points /
Limit order for a short position has been identified for Transurban [Bearish]

Transurban current pivot point is: 11.207. The current resistance levels are: (R2) $11.307: (R2) $11.307: (R3) $11.364: The current support levels are: (S1) $11.164: (S2) $11.107: (S3) $11.064

Ease of Movement /
TCL was difficult to move downward during the last trading day indicating a ST downtrend

TCL: EOM Current Signal -> (1) 25 Sep: BEARISH HARD (2) 24 Sep: BULLISH HARD (3) 21 Sep: BEARISH HARD

Transurban  opened in the upper part of daily range at 80% & closed in the upper part of the trading range at 70%. This suggests the sellers have lost control.
Open Tod Vs Close Tod /
Transurban opened in the upper part of daily range at 80% & closed in the upper part of the trading range at 70%. This suggests the sellers have lost control.

[BULLISH]: Transurban opened in the upper part of daily range at 80% & closed in the upper part of the trading range at 70%. This suggests the sellers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 5.9%.

Transurban  is in a short term downtrend with the resistance price @$11.328
Simple Moving Average /
Transurban is in a short term downtrend with the resistance price @$11.328

[BEARISH]: Transurban currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -0.6%.

[Selling Pressure]: ERI has increased for Transurban  during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for Transurban during the last trading session

[BEARISH]: Transurban Elder Ray Index is signalling a Bearish movementERI is -0.19 indicating bear power. Prices are being driven below the consensus of value for TCL during the last trading session [Selling Pressure]

Demarks Pivot Points /
Transurban : Look for a short limit order entry @$11.1925

Transurban has broken the first DeMark support point ($11.1925) [Bearish]. Look for a short limit order entry near this point. Exit price for TCL should be set @$11.1350 & short position stoploss for Transurban should be set at $11.235

Rate of Change /
Transurban currently has negative rate of change for -3.525

TCL: ROC Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

Detrended Price Oscillator /
[Bearish]: Displaced moving average is currently above the price for TCL

[BEARISH]: Transurban currently has a confirmed downtrend. Price is currently below the displaced moving average for TCL. Currently, the return on DPO20 is -0.6%.

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Transurban

[BULLISH]: Transurban UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.866.

Transurban : William %R(-69.5)
Williams %R /
Transurban : William %R(-69.5)

TCL: William %R Current Signal -> (1) 25 Sep: NEUTRAL (2) 24 Sep: BEARISH CROSSUNDER (3) 21 Sep: BULLISH

Volume MACD oscillator is now negative for TCL
MACD Volume /
Volume MACD oscillator is now negative for TCL

TCL: Volume MACD Current Signal -> (1) 25 Sep: BEARISH CROSSOVER (2) 24 Sep: BULLISH CROSSOVER (3) 21 Sep: BULLISH CROSSOVER

Fibonacci Extensions /
[Short]: Exit price for TCL should be set @$4.79

Transurban : The current Fibonacci Extension levels are: (23.61%) $11.3: (38.2%) $11.47: (50%) $11.6: (61.8%) $11.73The current support levels are: (78.6%) $11.92: (100%) $12.16: (138.2%) $12.59: (161.8%) $12.85: (261.8%) $13.97: (423.61%) $15.78

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