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

Trade Me
+ Share

[Bullish]: Elders Force Index (2724) confirms buying pressure remains
Elders Force Index /
[Bullish]: Elders Force Index (2724) confirms buying pressure remains

[BULLISH]: Trade Me current price has highlighted recent buying pressure. Currently, the Elders Force Index is 2724.

[Uptrend]: Recent trading for TME indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Uptrend]: Recent trading for TME indicates ST trend is likely to continue

[BULLISH]: Trade Me currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.7%.

Opening Price /
Trade Me : Daily opening performance is 2.5000000000000000 % [Uptrend]

[BULLISH]: Trade Me opening price has gapped up. Currently, the OPEN is $4.16 (2.5000000000000000 %).

Low Price /
Trade Me : Daily low price is $4.1 [Lower Low]

[BEARISH]: Trade Me current uptrend in the first timeframe. Currently, the Low is $4.1 (1.5000000000000000 %).

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.051 indicating bull power

[BULLISH]: Trade Me Elder Ray Index is signalling a Bullish movementERI is 0.051 indicating bull power. Prices are being driven above the consensus of value for TME during the last trading session [Buying Pressure]

Two White Soldiers /
Trade Me : Two White Soldiers

[BULLISH]: Trade Me has formed a new Two White Soldiers pattern.

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Short Trend /
Daily trading again produced an Uptrend bar for Trade Me

[BULLISH]: Trade Me is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 9

[Bearish]: Trade Me  currently has negative MACD histogram -0.002000
MACD /
[Bearish]: Trade Me currently has negative MACD histogram -0.002000

[BEARISH]: Trade Me currently has negative MACD of -0.002000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.8%.

Open/close reversal: Sellers have lost control during the trading day for Trade Me
Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost control during the trading day for Trade Me

[BULLISH]: Trade Me opened in the upper part of daily range at 75% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 18 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 6.8%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 7.1%.

Detrended Price Oscillator /
Trade Me : Detrended Price Oscillator(20) (0.023)

[BULLISH]: Trade Me currently has a confirmed uptrend. Price is currently above the displaced moving average for TMECurrently, the return on DPO20 is 0.7%.

White Candle /
TME Basic Candle: White

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

Stochastic Oscillator /
Stochastic Oscillator (71.4) for TME is now above the overbought limit

[BEARISH]: Trade Me is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Accumulation still active for Trade Me
Accumulation / Distribution /
Accumulation still active for Trade Me

[BULLISH]: Trade Me current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 4.19901e+006. day.

[Bearish]: Trade Me  has failed beat previous trading range
Price Range /
[Bearish]: Trade Me has failed beat previous trading range

[BEARISH]: Trade Me current downtrend in the first timeframe. Currently, the Range is $0.08.

Momentum /
Trade Me currently has positive momentum of 0.09

[BULLISH]: Trade Me currently has positive momentum of 0.09. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.7%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 0.7%%.

Close Tod Vs Range Tod /
The daily battle of control for Trade Me was won again by the buyers

[BULLISH]: Trade Me buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Trade Me adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 102 trading days with the closing price in the upper part of the range giving a confirmation ratio of 38.8%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 35.7%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 5 days in the lower range giving a ratio of 1x.

Percentage Price /
PPO: The shorter moving average for TMEis still below the longer term moving average

[BEARISH]: Trade Me currently has negative PPO -0.200%. This means the current price is losing momentum through a fall on the short term exponential moving average.

CMF showing buying pressure & potential change in direction for TME
Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for TME

[BULLISH]: Trade Me current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.12. TMEThe bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.4

Close for TME has surpassed the close of the previous trading session
Closing Price /
Close for TME has surpassed the close of the previous trading session

[BULLISH]: Trade Me current uptrend in the first timeframe. Currently, the Close is $4.18.

Positive momentum on the volume MACD histogram for TME is maintained & supports a bullish move is likely
MACD Volume /
Positive momentum on the volume MACD histogram for TME is maintained & supports a bullish move is likely

TME: Volume MACD Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH CROSSOVER (3) 17 Apr: BEARISH

Daily Volume Index /
DVI: Accumulation still active for Trade Me

[BULLISH]: Trade Me current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 518.

Range Tod Vs Range Yest /
Trade Me : Range Performance (-33.3)

TME: Range today versus range yesterday Current Signal ->(1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BULLISH

Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for TME

[BEARISH]: Trade Me 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 0.7%.

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for TME

[BULLISH]: Trade Me current price have moved upwards on high volume. Currently, the Ease of Movement is 1.007

Trade Me : Daily volume is 317784 [Lower Volume]
Volume /
Trade Me : Daily volume is 317784 [Lower Volume]

[BEARISH]: Trade Me current volume downtrend in the first timeframe. Volume for TME is317784 (-44.1).

Strong price performance from TME has seen a higher high of 0.5000000000000000 % [Uptrend]
High Price /
Strong price performance from TME has seen a higher high of 0.5000000000000000 % [Uptrend]

TME: HIGH Recent Trading -> (1) 19 Apr: 4.18 (2) 18 Apr: 4.16 (3) 17 Apr: 4.12

Hangingman /
Price may have peaked for Trade Me (TME) indicating downside price reversal could follow

[BEARISH]: Trade Me has formed a new hangingman reversal pattern. This means, TME has traded significantly high than the stocks opening price, which was followed by a short term rally closing in the lower shadow of the days trading range. This indicates that the market is trying to determine the top of the short term uptrend.

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