Technical analysis from Tennant Creek Gold (TNG.AX, ASX:TNG.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Tennant Creek Gold
+ Share

Tennant Creek Gold is no longer oversold [Neutral]
Bollinger Bands /
Tennant Creek Gold is no longer oversold [Neutral]

[BEARISH CROSSUNDER]: Tennant Creek Goldis no longer oversold The current level is 2.55% with a current width of 29.2.

Limit order for a long position has been identified for Tennant Creek Gold [Bullish]
Demarks Pivot Points /
Limit order for a long position has been identified for Tennant Creek Gold [Bullish]

Tennant Creek Gold has broken the first DeMark support point ($0.1163) [Bearish]. Look for a short limit order entry near this point. Exit price for TNG should be set @$0.1130 & short position stoploss for Tennant Creek Gold should be set at $0.118

Sine Weighted Moving Average /
Sine Weighted 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 SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Aroon Oscillator /
Aroon oscillator for Tennant Creek Gold has signalled a strong downtrend is active

TNG: Aroon Oscillator Current Signal -> (1) 20 Jun: BEARISH STRONG (2) 19 Jun: BEARISH STRONG (3) 18 Jun: BEARISH STRONG

Chaikin Money Flow /
Selling pressure for Tennant Creek Gold continues - bearish signal

[BEARISH]: Tennant Creek Gold current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.68. TNG received a confirmed CMF crossover days on the Jan 29 2018. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.68 occurring on the Jan 29 2018.

Close Tod Vs Range Tod /
Trading for Tennant Creek Gold highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Tennant Creek Gold sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Tennant Creek Gold adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 125 trading days with the closing price in the lower part of the range giving a confirmation ratio of 47.5%. Over the last month there has been 9 trading days with the closing price in the lower range giving a confirmation ratio of 69.2%. Currently this quarter, closing price has spent 32 days in the lower price range compared to 6 days in the upper range giving a ratio of 5.3x.

Top companies for
Australian Stock Exchange
Advertisment
Percentage Volume /
Volume is still below the short term EMA for TNG [Bearish]

[BEARISH]: Tennant Creek Gold currently has negative PVO -1.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -20.9%.

Open/close reversal confirmed for Tennant Creek Gold signalling the sellers were in control all day
Open Tod Vs Close Tod /
Open/close reversal confirmed for Tennant Creek Gold signalling the sellers were in control all day

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

Rate of change continues to build for Tennant Creek Gold signalling a short term downtrend is likely
Rate of Change /
Rate of change continues to build for Tennant Creek Gold signalling a short term downtrend is likely

[BEARISH]: Tennant Creek Gold currently has negative rate of change of -14.815%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Moving Average Envelope /
Tennant Creek Gold is still oversold with the Lower Envelope Band @$0.1235

[BULLISH]: Tennant Creek Gold current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.1235.

Weighted Moving Average /
Tennant Creek Gold is in a short term downtrend with the closing price @$0.115

[BEARISH]: Tennant Creek Gold currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

Detrended Price Oscillator /
Price is currently below the displaced moving average for TNG [Bearish]

TNG: DPO Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

MACD oscillator remains negative for TNG
MACD /
MACD oscillator remains negative for TNG

[BEARISH]: Tennant Creek Gold currently has negative MACD of -0.0023. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -7.9%.

Oversold MFI signal for Tennant Creek Gold @ 15.39
Money Flow Index /
Oversold MFI signal for Tennant Creek Gold @ 15.39

[BEARISH]: Tennant Creek Gold current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 15.39. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 74.96.

Daily Volume Index /
Recent trading signals Tennant Creek Gold is being distributed

[BEARISH]: Tennant Creek Gold current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -17743.

Williams %R /
William %R oversold signal continues for Tennant Creek Gold indicating upward price movement is likely

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

Average Directional Movement /
Average Directional Index for Tennant Creek Gold has signalled a weak trend is active

[Weak Trend]: ADX for TNG has confirmed a weak trend is present. Tennant Creek Gold has an ATR(14) of 0.009, a DX of 45.89 & an ADX(14) of 19.02

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 12.938.

The 161.8% Fibonacci extension level for TNG has moved to the lower limit. Stoploss should be positioned @$0.95
Fibonacci Extensions /
The 161.8% Fibonacci extension level for TNG has moved to the lower limit. Stoploss should be positioned @$0.95

Tennant Creek Gold has moved below the 161.8% level ($0.99) [Bullish]. Look for a long limit order entry near this point. Exit price for TNG should be set @$1.03 & Stoploss for Tennant Creek Gold should be set at $0.95

Tennant Creek Gold has moved above the R1 pivot point ($0.119) [Bullish]
Pivot Points /
Tennant Creek Gold has moved above the R1 pivot point ($0.119) [Bullish]

Tennant Creek Gold has broken the first resistance point ($0.119) [Bullish]. Look for a long limit order entry near this point. Exit price for TNG should be set @$0.122 & Stoploss for Tennant Creek Gold should be set between $0.112 & $0.109

Woodie Pivot Point /
Tennant Creek Gold has moved above the R1 Woodie pivot point ($0.117) [Bullish]

Tennant Creek Gold has broken the first Woodie resistance point ($0.117) [Bullish]. Look for a long limit order entry near this point. Exit price for TNG should be set @$0.121 & Stoploss for Tennant Creek Gold should be set at $0.111

Percentage Price /
Price percentage oscillator: Downward momentum is still present for Tennant Creek Gold

TNG: PPO Recent Trading -> (1) 20 Jun: -5.828 (2) 19 Jun: -5.339 (3) 18 Jun: -4.666

Simple Moving Average /
The SMA trend following signal is still current for Tennant Creek Gold [Bearish]

[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%.

Stochastic Oscillator /
Stochastic oversold signal had been maintained for Tennant Creek Gold

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

TNG has achieved a new high of 1.09676e+006 (34.8)
Volume /
TNG has achieved a new high of 1.09676e+006 (34.8)

[BULLISH]: Tennant Creek Gold current volume uptrend in the first timeframe. Volume for TNG is 1.09676e+006 (34.8).

Second timeframe trend of Tennant Creek Gold remains as an Uptrend
Medium Trend /
Second timeframe trend of Tennant Creek Gold remains as an Uptrend

[BULLISH]: Tennant Creek Gold has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 5 2018.

Volume Rate of Change /
Tennant Creek Gold: Rate of Change (18)

[BULLISH CROSSOVER]: Tennant Creek Gold currently has positive volume of change of 18%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

See More   See more results
Advertisment
Advertisment
back to top