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

Transurban
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Daily trading performance for TCL has continued a short term downtrend
Close Tod Vs Close Yest /
Daily trading performance for TCL has continued a short term downtrend

[BEARISH]: Transurban sellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for TCL adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.7 & the greatest daily negative change this year has been -2.7. The longest consecutive downswing rally over the last 12 months has been 9 days giving a total rally downward movement of -7.2%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -2.4%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.7%

Percentage volume oscillator remains negative for TCL
Percentage Volume /
Percentage volume oscillator remains negative for TCL

[BEARISH]: Transurban currently has negative PVO -10.2%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.8%.

Close Tod Vs Range Tod /
Trading for Transurban highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Transurban sellers in control. This is the first day of seller commitment for Transurban 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 78 trading days with the closing price in the lower part of the range giving a confirmation ratio of 29.7%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 21.4%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 5 days in the upper range giving a ratio of 0.6x.

Rate of Change /
Rate of change(14) is decreasing for Transurban

[BEARISH]: Transurban currently has negative rate of change of -1.7%. 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

High Price /
High for TCL has surpassed the high of the previous trading session

TCL: HIGH Recent Trading -> (1) 19 Apr: 11.38 (2) 18 Apr: 11.38 (3) 17 Apr: 11.37

Ease of Movement /
Trading session closed lower on high volume for Transurban [Bearish]

TCL: EOM Current Signal -> (1) 19 Apr: BEARISH HARD (2) 18 Apr: BULLISH HARD (3) 17 Apr: BULLISH HARD

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Demarks Pivot Points /
Transurban has moved above the R1 DeMark pivot point ($11.265) [Bullish]

Transurban has broken the first DeMark resistance point ($11.265) [Bullish]. Look for a long limit order entry near this point. Exit price for TCL should be set @$11.305 & Stoploss for Transurban should be set at $11.15

Price is now trading below the Exponential Moving Average(5) for TCL
Exponential Moving Average /
Price is now trading below the Exponential Moving Average(5) for TCL

[BEARISH]: Transurban currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.7%.

Transurban : Bear Belt-Hold
Bear Belt-Hold /
Transurban : Bear Belt-Hold

[BEARISH]: Transurban has formed a new Bear Belt-Hold reversal pattern.

Ulcer Index /
Drawdown for Transurban is currently low signalling low stress

[BEARISH]: Transurban UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.635.

Volume /
Transurban : Daily volume is 4.25293e+006 [Higher Volume]

[BULLISH]: Transurban current volume uptrend in the first timeframe. Volume for TCL is4.25293e+006 (41.1).

MACD Volume /
Transurban : Volume MACD @108488 [Bullish]

[BULLISH]: Transurban currently has positive Volume MACD of 108488. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

PPO has negative momentum signalling a continuation of downward price fall for TCL
Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for TCL

TCL: PPO Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Bull power has increased for Transurban  signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Transurban signalling bullish conditions are likely

[BEARISH]: Transurban Elder Ray Index is signalling a Bearish movementERI is -0.051 indicating bear power. Prices are being driven below the consensus of value for TCL during the last trading session [Selling Pressure]

Range Tod Vs Range Yest /
Transurban : Range Performance (40.9)

TCL: Range today versus range yesterday Current Signal ->(1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BEARISH

Detrended Price Oscillator /
Price is currently below the displaced moving average for TCL [Bearish]

[BEARISH]: Transurban currently has a confirmed downtrend. Price is currently below the displaced moving average for TCLCurrently, the return on DPO20 is -0.7%.

Price Range /
Transurban : Daily price range is $0.155 [Uptrend]

[BULLISH]: Transurban current uptrend in the first timeframe. Currently, the Range is $0.155.

Limit order for a long position has been identified for Transurban  [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Transurban [Bullish]

Transurban has broken the first Woodie resistance point ($11.307) [Bullish]. Look for a long limit order entry near this point. Exit price for TCL should be set @$11.421 & Stoploss for Transurban should be set at $11.111

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

[BULLISH]: Transurban is in an uptrend in the medium term timeframe. The current rally number is 29 & the highest rally count for the LTM is 53. The highest rally for the month is 14

Traders are currently accumulating Transurban
Daily Volume Index /
Traders are currently accumulating Transurban

[BULLISH]: Transurban current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 173.

Low Price /
Recent trading for TCL has failed to beaten the previous low by -0.4000000000000000 % [Downtrend]

[BULLISH]: Transurban current downtrend in the first timeframe. Currently, the Low is $11.225 (-0.4000000000000000 %).

Triangular Moving Average /
Triangular Moving Average(5) signal is confirmed for Transurban indicating downward price movement is likely

[BEARISH]: Transurban 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 -0.7%.

Opening Price /
Transurban opening price of $11.38 (0.2000000000000000 %)

[BULLISH]: Transurban opening price has gapped up. Currently, the OPEN is $11.38 (0.2000000000000000 %).

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

[BULLISH]: Transurban current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 10.8015.

Weighted Moving Average(5) signal is confirmed for Transurban  indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal is confirmed for Transurban indicating downward price movement is likely

[BEARISH]: Transurban currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.7%.

Distribution still active for Transurban
Accumulation / Distribution /
Distribution still active for Transurban

[BEARISH]: Transurban current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.23696e+007. day.

Pivot Points /
[Long]: Exit price for TCL should be set @$11.433

Transurban has broken the first resistance point ($11.331) [Bullish]. Look for a long limit order entry near this point. Exit price for TCL should be set @$11.433 & Stoploss for Transurban should be set between $11.123 & $11.021

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