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

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Daily trading performance for TME has continued a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for TME has continued a short term uptrend

[BULLISH]: Trade Me buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for TME adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.0 & the greatest daily positive change this year has been 3.3. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 6.8%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 3.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 0.800000%

Daily bar has closed the day with an Uptrend for TME
Short Trend /
Daily bar has closed the day with an Uptrend for TME

[BULLISH]: Trade Me is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 9

Range Tod Vs Range Yest /
Expanding price range of 50.0% on an uptick day for Trade Me

TME: Range today versus range yesterday Recent Trading -> (1) 20 Jun: 50.0% (2) 19 Jun: -25.0% (3) 18 Jun: 0.0%

Average Directional Movement /
Trade Me has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for TME has confirmed a weak trend is present. Trade Me has an ATR(14) of 0.074, a DX of 33.19 & an ADX(14) of 20.28

Close Tod Vs Range Tod /
Trading for Trade Me highlights the commitment of buyers to carry positions overnight.

TME: Close versus price range Current Signal ->(1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BEARISH

Open Tod Vs Close Tod /
Trade Me : Buyers were in control all day.

TME: Open today versus close yesterday Current Signal ->(1) 20 Jun: BULLISH STRONG (2) 19 Jun: BEARISH WEAK (3) 18 Jun: BEARISH STRONG

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Percentage Price /
Trade Me currently has positive PPO 0.837

[BULLISH]: Trade Me currently has positive PPO 0.837%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Ulcer index has fallen as the price rises for Trade Me
Ulcer Index /
Ulcer index has fallen as the price rises for Trade Me

[BEARISH]: Trade Me UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.716.

Long positions for Trade Me  should be set between $4.548 & $4.606
Woodie Pivot Point /
Long positions for Trade Me should be set between $4.548 & $4.606

Trade Me has broken the first Woodie resistance point ($4.606) [Bullish]. Look for a long limit order entry near this point. Exit price for TME should be set @$4.638 & Stoploss for Trade Me should be set at $4.458

Commodity Channel Index /
Trade Me : Potential CCI trend reversal has been identified

[BEARISH]: Trade Me current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 146. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 234.

Volume Rate of Change /
Trade Me :Volume rate of Change (58)

[BULLISH]: Trade Me currently has positive volume of change of 58%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.9%.

MACD Volume /
TME: Volume Moving Average Convergence Divergence [Bullish]

[BULLISH]: Trade Me currently has positive Volume MACD of 35896. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

TME: Average True Range has confirmed an uptrend @0.074
Average True Range /
TME: Average True Range has confirmed an uptrend @0.074

[Bullish]: Average True Range has confirmed an uptrend is present. Trade Me has a TR of 0.09, and an ATR(14) of 0.074.

Recent trading highlights continued buying pressure is present for TME
Elders Force Index /
Recent trading highlights continued buying pressure is present for TME

[BULLISH]: Trade Me current price has highlighted recent buying pressure. Currently, the Elders Force Index is 6549.

Elder Ray Index /
Trade Me : Elder Ray Index is 0.09 [Bullish]

[BULLISH]: Trade Me Elder Ray Index is signalling a Bullish movementERI is 0.09 indicating bull power. Prices are being driven above the consensus of value for TME during the last trading session [Buying Pressure]

Momentum /
Trade Me : Momentum(5)

TME: MOM Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

Aroon Oscillator /
Trade Me : Aroon oscillator (60) has confirmed a strong uptrend is present

[BULLISH]: Trade Me has a current ARU(25) of 100 and a current ARD(25) of 40

TME: Price has just risen above the Upper Bollinger Band @$4.56
Bollinger Bands /
TME: Price has just risen above the Upper Bollinger Band @$4.56

[BEARISH CROSSOVER]: Trade Me has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 100.53% with a current width of 4.39.

MACD oscillator remains positive for TME
MACD /
MACD oscillator remains positive for TME

[BULLISH]: Trade Me currently has positive MACD of 0.0079. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.9%.

Recent trading for Trade Me  has opened -0.4 % lower than previous session
Opening Price /
Recent trading for Trade Me has opened -0.4 % lower than previous session

TME: OPEN Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

White Candle /
TME Basic Candle: White

[BULLISH]: Trade Me has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Volume /
Trade Me : Daily volume performance is -39.1 [Downtrend]

[BEARISH]: Trade Me current volume downtrend in the first timeframe. Volume for TME is 514324 (-39.1).

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

[BULLISH]: Trade Me current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 4.2465.

On Balance Volume /
Market conditions are indicating OBV accumulation is current for TME

TME: OBV Recent Trading ->(1) 20 Jun: 3.3582e+006 (2) 19 Jun: 2.84387e+006 (3) 18 Jun: 1.99875e+006

Trade Me : Bill Williams Profanity [Fake Day]
Bill Williams Market Facilitation /
Trade Me : Bill Williams Profanity [Fake Day]

TME: BWMF Current Signal -> (1) 20 Jun: Fake Day (2) 19 Jun: Squat Day (3) 18 Jun: Fake Day

Price spike from high volume trading for Trade Me  during last trading session
Ease of Movement /
Price spike from high volume trading for Trade Me during last trading session

[BULLISH]: Trade Me current price have moved upwards on high volume. Currently, the Ease of Movement is 0.437

Fibonacci Extensions /
The 161.8% Fibonacci extension level for TME has moved to the upper limit. Stoploss should be positioned @$0.41

Trade Me : The current Fibonacci Extension levels are: (23.61%) $4.52: (38.2%) $4.48: (50%) $4.46: (61.8%) $4.43The current support levels are: (78.6%) $4.38: (100%) $4.33: (138.2%) $4.23: (161.8%) $4.18: (261.8%) $3.93: (423.61%) $3.52

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