Australian Securities Exchange

Tennant Creek Gold
+ Share

Long positions for Tennant Creek Gold should be set between $0.1388 & $0.143
Demarks Pivot Points /
Long positions for Tennant Creek Gold should be set between $0.1388 & $0.143

Tennant Creek Gold has broken the first DeMark resistance point ($0.1388) [Bullish]. Look for a long limit order entry near this point. Exit price for TNG should be set @$0.143 & Stoploss for Tennant Creek Gold should be set at $0.138

Tennant Creek Gold: Stoploss for short position should be set between $0.143 & $0.146
Pivot Points /
Tennant Creek Gold: Stoploss for short position should be set between $0.143 & $0.146

Tennant Creek Gold has broken the first support point ($0.136) [Bearish]. Look for a short limit order entry near this point. Exit price for TNG should be set @$0.133 & short position stoploss for Tennant Creek Gold should be set between $0.143 & $0.146

Daily Volume Index /
Market conditions are indicating DVI distribution is current for TNG.AX

[BEARISH]: Tennant Creek Gold (ASX:TNG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -24985.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Tennant Creek Gold [Bearish]

TNG: SWMA Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH CROSSOVER (3) 10 Aug: BULLISH

Detrended Price Oscillator /
Tennant Creek Gold: Detrended Price Oscillator(20) is 0.02

[BULLISH]: Tennant Creek Gold currently has a confirmed uptrend. Price is currently above the displaced moving average for TNG. Currently, the return on DPO20 is 0.0%.

Simple Moving Average /
Simple Moving Average(5) signal continues for Tennant Creek Gold indicating downward price movement is likely

[BEARISH]: Tennant Creek Gold 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 0.0%.

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Medium Trend /
Daily trading has maintained an Uptrend medium trend for Tennant Creek Gold

[BULLISH]: Tennant Creek Gold is in an uptrend in the medium term timeframe. The current rally number is 121 & the highest rally count for the LTM is 121. The highest rally for the month is 10

Tennant Creek Gold: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Tennant Creek Gold: Direction, extent & volume have increased in recent trading [Buying Pressure]

TNG: Elders Force Index Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH (3) 10 Aug: BULLISH CROSSOVER

Negative momentum on the Volume MACD histogram for TNG is maintained & supports a bearish move is likely
MACD Volume /
Negative momentum on the Volume MACD histogram for TNG is maintained & supports a bearish move is likely

[BEARISH]: Tennant Creek Gold currently has negative Volume MACD of -134270. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for TNG.AX

Tennant Creek Gold (ASX:TNG): Chaikin Oscillator Recent Trading -> (1) 14 Aug: -0.48 (2) 13 Aug: -0.51 (3) 10 Aug: -0.54

Aroon Oscillator /
Aroon oscillator for Tennant Creek Gold has signalled an uptrend is active

[BULLISH]: Tennant Creek Gold has a current ARO(25) of 36. This has change 0 points from yesterday.

Woodie Pivot Point /
Woodie pivot point for TNG is bearish. Stoploss should be positioned @$0.144

Tennant Creek Gold has broken the first Woodie support point ($0.138) [Bearish]. Look for a short limit order entry near this point. Exit price for TNG should be set @$0.134 & short position stoploss for Tennant Creek Gold should be set at $0.144

Tennant Creek Gold: Sellers have lost control.
Open Tod Vs Close Tod /
Tennant Creek Gold: Sellers have lost control.

[BULLISH]: Tennant Creek Gold opened in the upper part of daily range at 100% & 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 27 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.3%. Over the last month there has been 2 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 20%.

Accumulation / Distribution /
Tennant Creek Gold: Accumulation Distribution Line (-2.97009e+007)

TNG: ADLINE Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH

Rate of Change /
Rate of change(14) is increasing for Tennant Creek Gold

[BULLISH]: Tennant Creek Gold currently has positive rate of change of 21.739%. 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

Percentage Price /
The current price is still gaining momentum through a rise for TNG on the short term EMA.

[BULLISH]: Tennant Creek Gold currently has positive PPO 3.783%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Drawdown for Tennant Creek Gold is currently high signalling high stress
Ulcer Index /
Drawdown for Tennant Creek Gold is currently high signalling high stress

[BULLISH]: Tennant Creek Gold UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.039.

Triangular Moving Average(5) signal continues for Tennant Creek Gold indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for Tennant Creek Gold indicating upward price movement is likely

[BULLISH]: Tennant Creek Gold currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.0%.

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

[BULLISH]: Tennant Creek Gold currently has positive MACD of 0.0028. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 16.9%.

Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for TNG

Tennant Creek Gold Currently is a confirmed Fake Day. MFI indicator is up, volume is down for TNG. Trend continuation possible for TNG from reduced trading activity.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for TNG

[BULLISH]: Tennant Creek Gold Elder Ray Index is signalling a Bullish movementERI is 0.005 indicating bull power. Prices are being driven above the consensus of value for TNG during the last trading session [Buying Pressure]

Moving Average Envelope /
Closing price ($0.14) for TNG is still above the Upper Envelope Band

[BEARISH]: Tennant Creek Gold current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 0.1365.

Momentum /
Momentum(5) is increasing for Tennant Creek Gold

[BULLISH]: Tennant Creek Gold currently has positive momentum of 0.005. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 10 days producing a return of 20.2%.

Tennant Creek Gold: Range Performance (-50.0)
Range Tod Vs Range Yest /
Tennant Creek Gold: Range Performance (-50.0)

[WEAK BULLISH]: Tennant Creek Gold sellers are becoming less eager. This is the first day sellers have decreased eagerness for TNG reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.0300 & the greatest daily price range this year has been $0.1100. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.3x.

Market conditions are indicating OBV accumulation is current for TNG.AX
On Balance Volume /
Market conditions are indicating OBV accumulation is current for TNG.AX

TNG: OBV Current Signal ->(1) 14 Aug: BULLISH (2) 13 Aug: BULLISH (3) 10 Aug: BULLISH CROSSOVER

Donchian Channels /
Donchian oversold signal continues for Tennant Creek Gold indicating upward price movement is likely

[BULLISH]: Tennant Creek Gold is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

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