Technical analysis from Technology One (TNE.AX, ASX:TNE.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Technology One
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Technology One: Volume MACD @21671 [Bullish]
MACD Volume /
Technology One: Volume MACD @21671 [Bullish]

[BULLISH]: Technology One currently has positive Volume MACD of 21671. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

The SWMA trend following signal is now active for Technology One [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for Technology One [Bullish]

[BULLISH]: Technology One 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 2.9%.

Daily Volume Index /
TNE: Current trading activity signals DVI distribution is active

[BEARISH]: Technology One current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -10787.

Accumulation / Distribution /
Technology One: Accumulation Distribution Line (-1.55268e+007)

[BEARISH]: Technology One current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.55268e+007.

Pivot Points /
Technology One: Look for a long limit order entry @$4.384

Technology One has broken the first resistance point ($4.384) [Bullish]. Look for a long limit order entry near this point. Exit price for TNE should be set @$4.437 & Stoploss for Technology One should be set between $4.157 & $4.104

Closing Price /
Technology One: Daily closing price is $4.33 [Bullish]

[BULLISH]: Technology One current uptrend in the first timeframe. Currently, the Close is $4.33.

Stochastic Oscillator (55.6) for TNE is now above the oversold limit
Stochastic Oscillator /
Stochastic Oscillator (55.6) for TNE is now above the oversold limit

TNE: Stochastic Oscillator Signal -> (1) 21 Jun: BULLISH CROSSUNDER (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

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Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Technology One indicating upward price movement is likely

TNE: SMA(5) Current Signal -> (1) 21 Jun: BULLISH CROSSOVER (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

TNE Basic Candle: White Opening Marubozu
White Opening Marubozu /
TNE Basic Candle: White Opening Marubozu

[BULLISH]: Technology One has formed a White Opening Marubozu candlestick. This means, TNE has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Bullish conditions for TNE are likely to continue based on EFI (34332)
Elders Force Index /
Bullish conditions for TNE are likely to continue based on EFI (34332)

[BULLISH]: Technology One current price has highlighted recent buying pressure. Currently, the Elders Force Index is 34332.

Volume /
Volume for TNE has surpassed the volume of the previous trading session

[BULLISH]: Technology One current volume uptrend in the first timeframe. Volume for TNE is 2.08625e+006 (2.7).

Low Price /
Technology One: Daily low performance is 0.7 % [Uptrend]

[BEARISH]: Technology One current uptrend in the first timeframe. Currently, the Low is $4.21 (0.7 %).

Chaikin Money Flow /
Technology One continues negative divergence & potential shift in direction

[BEARISH]: Technology One current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.25. TNE received a confirmed CMF crossover days on the May 3 2018. The bearish signal has been active for 4 days. During the quarter, the lowest CMF value was -0.45 occurring on the May 3 2018.

The TMA trend following signal is now active for Technology One [Bullish]
Triangular Moving Average /
The TMA trend following signal is now active for Technology One [Bullish]

TNE: TMA Current Signal -> (1) 21 Jun: BULLISH CROSSOVER (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Volume for Technology One continues to gain momentum @9.43)
Percentage Volume /
Volume for Technology One continues to gain momentum @9.43)

TNE: PVO Recent Trading -> (1) 21 Jun: 9.43 (2) 20 Jun: 10.84 (3) 19 Jun: 12.75

Medium Trend /
Technology One: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Technology One is in an uptrend in the medium term timeframe. The current rally number is 8 & the highest rally count for the LTM is 51. The highest rally for the month is 14

Rate of Change /
14-day rate of change is now increasing for Technology One

[BULLISH CROSSOVER]: Technology One currently has positive rate of change of 0.698%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Close Tod Vs Close Yest /
Closing price for TNE ($4.33) signals buyers are now keener than sellers

[BULLISH]: Technology Onebuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for TNE adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.3 & the greatest daily positive change this year has been 3.3. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 10%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 5.8%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 2.000000%

Positive momentum confirmation for Technology One is a leading indicator for continued price rise
Momentum /
Positive momentum confirmation for Technology One is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Technology One currently has positive momentum of 0.05. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2.9%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 1.6%.

Signal line is still below the EMA for Technology One producing negative momentum
Percentage Price /
Signal line is still below the EMA for Technology One producing negative momentum

[BEARISH]: Technology One currently has negative PPO -2.988%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Recent trading signals Technology One is being distributed
On Balance Volume /
Recent trading signals Technology One is being distributed

[BEARISH]: Technology One current price has highlighted recent distribution. Currently, the OBV is -1.0213e+007.

Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Technology One

[BULLISH]: Technology One currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.9%.

Price Range /
Technology One: Daily price range is $0.14 [Decreasing Range]

[BEARISH]: Technology One current downtrend in the first timeframe. Currently, the Range is $0.14.

Commodity Channel Index /
Technology One is no longer oversold

[NEUTRAL]: Technology One current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -51. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -295.

Demarks Pivot Points /
Technology One has broken the first DeMark resistance point ($4.31) [Bullish]

Technology One has broken the first DeMark resistance point ($4.3100) [Bullish]. Look for a long limit order entry near this point. Exit price for TNE should be set @$4.41 & Stoploss for Technology One should be set at $4.27

MACD for Technology One continues to gain momentum @0.0243
MACD /
MACD for Technology One continues to gain momentum @0.0243

[BULLISH]: Technology One currently has positive MACD of 0.0243. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 2.1%.

Technology One closed in the upper part of daily range at 85.7%.
Close Tod Vs Range Tod /
Technology One closed in the upper part of daily range at 85.7%.

TNE: Close versus price range Recent Trading ->(1) 21 Jun: 85.700000000000000% (2) 20 Jun: 17.600000000000000% (3) 19 Jun: 25.000000000000000%

Elder Ray Index /
Buying pressure for TNE highlights ability of buyers to drive the price upwards

[BULLISH]: Technology One Elder Ray Index is signalling a Bullish movementERI is 0.038 indicating bull power. Prices are being driven above the consensus of value for TNE during the last trading session [Buying Pressure]

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