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

[BEARISH]: Telstra Corporation has formed a new Bearish Engulfing reversal pattern. This means, TLS has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.

[BEARISH]: Telstra Corporation currently has negative rate of change of -2.857%. 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

Telstra Corporation: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for TLS

[BULLISH]: Telstra Corporation has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 20 2018.

[BEARISH]: Telstra Corporation current price has highlighted recent selling pressure. Currently, the Elders Force Index is -906221.

[BEARISH]: Telstra Corporation Elder Ray Index is signalling a Bearish movementERI is -0.108 indicating bear power. Prices are being driven below the consensus of value for TLS during the last trading session [Selling Pressure]

[BULLISH]: Telstra Corporation current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 49533.

Telstra Corporation has broken the first support point ($2.69) [Bearish]. Look for a short limit order entry near this point. Exit price for TLS should be set @$2.66 & short position stoploss for Telstra Corporation should be set between $2.82 & $2.85

Telstra Corporation: The current Fibonacci Extension levels are: (23.61%) $2.76: (38.2%) $2.8: (50%) $2.84: (61.8%) $2.87The current support levels are: (78.6%) $2.92: (100%) $2.98: (138.2%) $3.09: (161.8%) $3.16: (261.8%) $3.44: (423.61%) $3.9

[BEARISH STRONG]: Telstra Corporation opened in the upper part of daily range at 87.5% & closed in the lower part of the trading range at 12.5%. This suggests the sellers were in control all day. Over the last 12 months there has been 46 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 17.5%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 14.3%.

[BEARISH]: Telstra Corporation has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

[BEARISH]: Telstra Corporation 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 -1.8%.

[BEARISH]: Telstra Corporation has a current ARO(25) of -12. This has change 0 points from yesterday.

[BULLISH]: Telstra Corporation current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.05. TLS received a confirmed CMF crossover days on the Jun 20 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.3 occurring on the Jun 20 2018.

[BULLISH]: Telstra Corporation currently has positive PVO 22.74%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -6.2%.

[BEARISH]: Telstra Corporation current downtrend in the first timeframe. Currently, the Close is $2.72.