Technology One

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Technology One: Buyers were in control all day.

Technology One: Buyers were in control all day.

[BULLISH STRONG]: Technology One opened in the lower part of daily range at 9.1% & closed in the upper part of the trading range at 72.7%. This suggests the buyers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 16.7%.

CMF has a negative momentum of the acc/dist line

CMF has a negative momentum of the acc/dist line

[BEARISH]: Technology One current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.17. Technology One (ASX:TNE) received a confirmed CMF crossover days on the May 6 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.27 occurring on the May 6 2019.

A Piercing Pattern (Bullish) candlestick pattern has been detected for Technology One (TNE).

A Piercing Pattern (Bullish) candlestick pattern has been detected for Technology One (TNE).

[BULLISH]: Technology One has formed a new Bullish Piercing reversal pattern. This means, TNE has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

Technology One: 0.618 Fibonacci Fan ($8.48)

Technology One: The current Fibonacci Fan levels are: (23.61%) $7.57: (38.2%) $7.92: (50%) $8.2: (61.8%) $8.48The current support levels are: (78.6%) $8.88: (100%) $9.4: (138.2%) $10.31: (161.8%) $10.87: (261.8%) $13.25: (423.61%) $17.11

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