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

Thorn
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Low for TGA has surpassed the low of the previous trading session
Low Price /
Low for TGA has surpassed the low of the previous trading session

TGA: LOW Current Signal -> (1) 24 Apr: NEUTRAL (2) 23 Apr: BEARISH (3) 20 Apr: BULLISH

Positive divergence for Thorn  @ 0.1900
Chaikin Money Flow /
Positive divergence for Thorn @ 0.1900

[BULLISH]: Thorn current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.1900. TGA received a confirmed CMF crossover days on the Apr 16 2018.The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.3 occurring on the Apr 16 2018.

Volume /
Volume for TGA has not surpassed the volume of the previous trading session

[BEARISH]: Thorn current volume downtrend in the first timeframe. Volume for TGA is140515 (-63.8).

Daily Volume Index /
Thorn is being actively accumulated based on DVI

[BULLISH]: Thorn current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 370.0000.

Average Directional Movement /
Daily trading has confirmed an ADX strong trend (45.9200) for Thorn

[Trend]: ADX for TGA has confirmed a strong trend is presentThorn has an ATR(14) of 0.0290, a DX of 58.5100 & an ADX(14) of 45.9200

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Thorn & are driving the price up.

TGA: Recent performance signals ->(1) 24 Apr: BULLISH (2) 23 Apr: NEUTRAL (3) 24 Apr: BULLISH

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Rate of Change /
Thorn currently has negative rate of change for -9.4490

[BEARISH]: Thorn currently has negative rate of change of -9.4000%. 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

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

[BULLISH]: Thorn current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.6175.

Sine Weighted Moving Average(5) signal continues for Thorn  indicating downward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Thorn indicating downward price movement is likely

[BEARISH]: Thorn currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.9%.

On Balance Volume /
Thorn is being actively distributed based on OBV

TGA: OBV Recent Trading ->(1) 24 Apr: -17112471.0000 (2) 23 Apr: -17252986.0000 (3) 20 Apr: -16865169.0000

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Thorn indicating downward price movement is likely

[BEARISH]: Thorn 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 0.9%.

Ulcer Index /
Drawdown for Thorn is currently high signalling high stress

TGA: UIC Recent Trading -> (1) 24 Apr: 8.4120 (2) 23 Apr: 8.5050 (3) 24 Apr: 1.9520

[Short]: Exit price for TGA should be set @$0.4000
Fibonacci Extensions /
[Short]: Exit price for TGA should be set @$0.4000

Thorn has moved above the 161.8% level ($0.3200) [Bearish]. Look for a short limit order entry near this point. Exit price for TGA should be set @$0.4000 & short position stoploss for Thorn should be set at $0.2500

Thorn : Volume MACD oscillator (24788.0000)
MACD Volume /
Thorn : Volume MACD oscillator (24788.0000)

TGA: Volume MACD Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH (3) 24 Apr: BULLISH

Medium Trend /
TGA: Medium term trend is still an Downtrend

[BEARISH]: Thorn is in an downtrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 105. The highest rally for the month is 17

Opening Price /
[Bullish]: Opening performance for TGA of -5.7 % was achieved in last trading session

TGA: OPEN Recent Trading -> (1) 24 Apr: 0.5750 (2) 23 Apr: 0.6100 (3) 20 Apr: 0.6100

Stochastic Oscillator /
Stochastic Oscillator for TGA is still below the oversold limit signalling a bullish movement

[BULLISH]: Thorn is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

TGA: Percentage Volume Oscillator [Bearish]
Percentage Volume /
TGA: Percentage Volume Oscillator [Bearish]

[BEARISH]: Thorn currently has negative PVO -34.2000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -7.8%.

Continuation of the oversold CCI signal for Thorn
Commodity Channel Index /
Continuation of the oversold CCI signal for Thorn

[BULLISH]: Thorn current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -173.0000. The bullish signal has been active for 2 days. During the quarter, the lowest CCI value was -173.

Bollinger Band Oversold signal is still current for Thorn  [Bullish]
Bollinger Bands /
Bollinger Band Oversold signal is still current for Thorn [Bullish]

[BULLISH]: Thorn is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is -1.1500% with a current width of 13.0100.

Range Tod Vs Range Yest /
Contracting price range for TGA signalling sellers are now less eager

TGA: Range today versus range yesterday Current Signal ->(1) 24 Apr: BEARISH (2) 23 Apr: BEARISH (3) 24 Apr: BULLISH

MACD /
Thorn : MACD @0.0020 [Bullish]

[BULLISH]: Thorn currently has positive MACD of 0.0020. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -7.3%.

Ease of Movement /
Price dipped from high volume trading for Thorn during last trading session

TGA: EOM Current Signal -> (1) 24 Apr: BEARISH HARD (2) 23 Apr: BEARISH HARD (3) 24 Apr: BULLISH HARD

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-96.0000) for Thorn

[BEARISH]: Thorn has a current ARO(25) of -96.0000. This has change -4.0000 points from yesterday.

Thorn  is being actively distributed
Accumulation / Distribution /
Thorn is being actively distributed

[BEARISH]: Thorn current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -5661328.0000. day.

Momentum(5) is decreasing for Thorn
Momentum /
Momentum(5) is decreasing for Thorn

[BEARISH]: Thorn currently has negative momentum of -0.0300 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.9000%.The largest downward momentum rally for the last 3 months is 24 days producing a return of -28.4%%.

High Price /
Thorn : Daily high price is $0.5850 [Lower High]

[BEARISH]: Thorn current downtrend in the first timeframe. Currently, the HIGH is -4.1 %.

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