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

Telstra Corporation
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Distribution signal for Telstra Corporation is confirmed
Accumulation / Distribution /
Distribution signal for Telstra Corporation is confirmed

[BEARISH]: Telstra Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.05657e+008.

A short term Close Reversal has formed with Telstra Corporation
Close Reversal /
A short term Close Reversal has formed with Telstra Corporation

TLS: Bar Reversal Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: NEUTRAL

Bearish Engulfing /
Telstra Corporation (TLS): Short-term price may fall from the close of $2.7200.

[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.

Rate of Change /
Rate of change continues to build for Telstra Corporation signalling a short term downtrend is likely

[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

Coles Reaction Day /
TLS: Short term trend has confirmed a rally day

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

Medium Trend /
Second timeframe trend of Telstra Corporation remains as an Uptrend

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

Telstra Corporation: Range Performance (-5.9)
Range Tod Vs Range Yest /
Telstra Corporation: Range Performance (-5.9)

TLS: Range today versus range yesterday Current Signal ->(1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH

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Elders Force Index /
[Selling Pressure]: Elders Force Index (-906221) confirms bearish conditions are intact

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

Telstra Corporation has moved above the R1 DeMark pivot point ($2.7325) [Bullish]
Demarks Pivot Points /
Telstra Corporation has moved above the R1 DeMark pivot point ($2.7325) [Bullish]

Telstra Corporation has broken the first DeMark support point ($2.7325) [Bearish]. Look for a short limit order entry near this point. Exit price for TLS should be set @$2.6750 & short position stoploss for Telstra Corporation should be set at $2.755

Weaker volume performance from TLS has seen a lower volume of -40.0 [Downtrend]
Volume /
Weaker volume performance from TLS has seen a lower volume of -40.0 [Downtrend]

[BEARISH]: Telstra Corporation current volume downtrend in the first timeframe. Volume for TLS is 7.43788e+007 (-40.0).

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

[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]

Daily Volume Index /
DVI: Accumulation still active for Telstra Corporation

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

Pivot Points /
Telstra Corporation: Pivot Point ($2.74)

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 has initiated a negative momentum of -0.18
Momentum /
Telstra Corporation has initiated a negative momentum of -0.18

[BEARISH CROSSOVER]: Telstra Corporation currently has negative momentum of -0.18 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.8%.The largest downward momentum rally for the last 3 months is 13 days producing a return of -14.3%.

This is the first day of seller commitment for Telstra Corporation adding strength to an downtrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of seller commitment for Telstra Corporation adding strength to an downtrend in the first timeframe

TLS: Close versus price range Current Signal ->(1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Fibonacci Extensions /
Stoploss for Telstra Corporation should be set at $0.41

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

Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for TLS

[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%.

Black Candle /
TLS Basic Candle: Black

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

Recent trading for TLS has failed to beat the previous range ($0.08) [Downtrend]
Price Range /
Recent trading for TLS has failed to beat the previous range ($0.08) [Downtrend]

TLS: Price Range Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH

Telstra Corporation: Daily high price is $2.79 [Higher High]
High Price /
Telstra Corporation: Daily high price is $2.79 [Higher High]

[BULLISH]: Telstra Corporation current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

Recent trading for Telstra Corporation has opened 0.7 % higher than previous session
Opening Price /
Recent trading for Telstra Corporation has opened 0.7 % higher than previous session

[BULLISH]: Telstra Corporation opening price has gapped up. Currently, the OPEN is $2.78 (0.7 %).

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

[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%.

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-12) for Telstra Corporation

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

Chaikin Money Flow /
Telstra Corporation continues positive divergence & potential shift in direction

[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.

Percentage Volume /
Volume is still above the short term EMA for TLS [Bullish]

[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%.

First timeframe trend of Telstra Corporation has signalled an Uptrend
Short Trend /
First timeframe trend of Telstra Corporation has signalled an Uptrend

[BULLISH]: Telstra Corporation is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 5

Ulcer index has reduced in stress level for Telstra Corporation & low drawdown is expected
Ulcer Index /
Ulcer index has reduced in stress level for Telstra Corporation & low drawdown is expected

[BEARISH]: Telstra Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.72.

Closing Price /
Recent trading for Telstra Corporation fell short of the previous close by -1.8 %

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

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