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

Tassal
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Tassal : Bear Belt-Hold
Bear Belt-Hold /
Tassal : Bear Belt-Hold

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

Negative momentum on the Volume MACD histogram for TGR has been confirmed & supports a bearish move is likely
MACD Volume /
Negative momentum on the Volume MACD histogram for TGR has been confirmed & supports a bearish move is likely

[BEARISH CROSSOVER]: Tassal currently has negative Volume MACD of -1055. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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

TGR: EOM Current Signal -> (1) 19 Jun: BEARISH HARD (2) 18 Jun: BULLISH HARD (3) 15 Jun: BEARISH HARD

Rate of Change /
Positive ROC: Price is trading higher for Tassal than 14 days ago

[BULLISH]: Tassal currently has positive rate of change of 3.474%. 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

Daily Volume Index /
Recent trading signals Tassal is being accumulated

[BULLISH]: Tassal current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1926.

Aroon Oscillator /
Tassal : Aroon oscillator (96) has confirmed a strong uptrend is present

TGR: Aroon Oscillator Recent Trading -> (1) 19 Jun: 96 (2) 18 Jun: 92 (3) 15 Jun: 84

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Key Reversal /
A short term Key Reversal has formed with Tassal

[BEARISH]: A short term Key Reversal has formed with Tassal which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 3 occurrences of this bar reversal giving a signal probability of 1.1%.

The win ratio for price fall in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x
Close Tod Vs Close Yest /
The win ratio for price fall in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x

[BEARISH]: Tassal sellers are keener than buyers and are driving the price down. This is the first day of price decline for TGR adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.6 & the greatest daily negative change this year has been -6.4. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -10.6%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -4.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.000000%

Tassal  is no longer overbought
Commodity Channel Index /
Tassal is no longer overbought

[NEUTRAL]: Tassal current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 68. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 280.

Closing Price /
Tassal : Daily closing price is $4.17 [Bearish]

[BEARISH]: Tassal current downtrend in the first timeframe. Currently, the Close is $4.17.

Volume /
Tassal : Daily volume performance is 0.7 [Uptrend]

[BULLISH]: Tassal current volume uptrend in the first timeframe. Volume for TGR is 465505 (0.7).

Percentage Volume /
TGR: Percentage Volume Oscillator [Bullish]

TGR: PVO Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Tassal : Average Directional Index (43.75) has confirmed a strong trend is present
Average Directional Movement /
Tassal : Average Directional Index (43.75) has confirmed a strong trend is present

[Trend]: ADX for TGR has confirmed a strong trend is present. Tassal has an ATR(14) of 0.075, a DX of 39.93 & an ADX(14) of 43.75

Tassal : Daily price tange is $0.13 [Increasing Range]
Price Range /
Tassal : Daily price tange is $0.13 [Increasing Range]

[BULLISH]: Tassal current uptrend in the first timeframe. Currently, the Range is $0.13.

Relative Strength Index /
Relative Strength overbought signal has just been neutralized for Tassal

TGR: RSI Recent Trading -> (1) 19 Jun: 58 (2) 18 Jun: 72.6 (3) 15 Jun: 67.8

Accumulation / Distribution /
Accumulation signal for Tassal is confirmed

TGR: ADLINE Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Tassal

TGR: DPO Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

The TMA trend following signal is now active for Tassal  [Bearish]
Triangular Moving Average /
The TMA trend following signal is now active for Tassal [Bearish]

[BEARISH]: Tassal 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 -2.6%.

[Downtrend]: Recent trading for TGR confirms bearish SMA(5) signal
Simple Moving Average /
[Downtrend]: Recent trading for TGR confirms bearish SMA(5) signal

[BEARISH]: Tassal currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.6%.

Price percentage oscillator has positive momentum signalling a continuation of the upward price rise for TGR
Percentage Price /
Price percentage oscillator has positive momentum signalling a continuation of the upward price rise for TGR

[BULLISH]: Tassal currently has positive PPO 2.056%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Coles Reaction Day /
Tassal : Coles Indicator (Coles Reaction Day)

Tassal : Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for TGR

Close Tod Vs Range Tod /
Currently this quarter, closing price for TGR has spent 13 days in the lower price range

[BEARISH]: Tassal sellers in control. This is the first day of seller commitment for Tassal 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 89 trading days with the closing price in the lower part of the range giving a confirmation ratio of 33.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 13 days in the lower price range compared to 24 days in the upper range giving a ratio of 0.5x.

Exponential Moving Average /
Tassal is in a short term downtrend with the resistance price @$4.2124

TGR: EMA(5) Current Signal -> (1) 19 Jun: BEARISH CROSSOVER (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BEARISH

Elder Ray Index /
Prices are being driven above the consensus of value for TGR [Bullish]

[BULLISH]: Tassal Elder Ray Index is signalling a Bullish movementERI is 0.11 indicating bull power. Prices are being driven above the consensus of value for TGR during the last trading session [Buying Pressure]

TGR Basic Candle: Long Black
Long Black Candle /
TGR Basic Candle: Long Black

[BEARISH]: Tassal has formed a Long Black candlestick. This means, TGR has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[Bearish]: Tassal  has failed beat previous low by -0.7 %
Low Price /
[Bearish]: Tassal has failed beat previous low by -0.7 %

[BULLISH]: Tassal current downtrend in the first timeframe. Currently, the Low is $4.16 (-0.7 %).

Fibonacci Retracements /
Tassal is still above the 61.8% retracement level ($4.05) [Bullish]

Tassal : The current Fibonacci Retraction levels are: (23.61%) $4.19: (38.2%) $3.71: (50%) $3.66: (61.8%) $3.61The current support levels are: (78.6%) $3.54: (100%) $3.45: (138.2%) $3.29: (161.8%) $3.19: (261.8%) $2.77: (423.61%) $2.09

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