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

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

TWR: PPO Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BULLISH

Tower: Percentage Volume Oscillator (-26.2)
Percentage Volume /
Tower: Percentage Volume Oscillator (-26.2)

TWR: PVO Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BEARISH CROSSOVER

Rate of Change /
Positive ROC for TWR is a leading indicator for continued price rise

TWR: ROC Recent Trading -> (1) 20 Feb: 5 (2) 19 Feb: 1.639 (3) 20 Feb: 2.804

Close Tod Vs Range Tod /
Daily trading for TWR indicated buyers are now in control

[BULLISH]: Tower buyers are in control at the market close. This is the first day of buyer commitment for Tower 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 73 trading days with the closing price in the upper part of the range giving a confirmation ratio of 28.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 30.8%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 6 days in the lower range giving a ratio of 0.7x.

Fibonacci Fans /
Tower has yet to break the 61.8% retracement fan level ($0) [Bullish]

Tower is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for TWR should be set @$0.71 & Stoploss for Tower should be set between $0.68

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

[BEARISH]: Tower current distribution has given weakness to the share price and the continuation of bearish trading conditions.

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Closing Price /
Tower has reached a higher closing price of $0.63 (1.6 %)

[BULLISH]: Tower current uptrend in the first timeframe. Currently, the Close is $0.63.

[Bullish]: Elders Force Index (396) confirms buying pressure remains
Elders Force Index /
[Bullish]: Elders Force Index (396) confirms buying pressure remains

[BULLISH]: Tower current price has highlighted recent buying pressure. Currently, the Elders Force Index is 396.

Tower: Daily low performance (1.6 %)
Low Price /
Tower: Daily low performance (1.6 %)

[BEARISH]: Tower current uptrend in the first timeframe. Currently, the Low is $0.62 (1.6 %).

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Tower

[BULLISH]: Tower current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.5795.

On Balance Volume /
Tower is being actively accumulated based on OBV

[BULLISH]: Tower current price has highlighted recent accumulation. Currently, the OBV is 1.04888e+006.

White Soldiers /
Tower: Advancing White Soldiers

TWR: Continuation Candlestick Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: NEUTRAL (3) 20 Feb: NEUTRAL

Bull power has increased for Tower signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Tower signalling bullish conditions are likely

TWR: Elder Ray Index Recent Trading -> (1) 20 FebBull Power: 0.019Bear Power: 0.009 (2) 19 FebBull Power: 0.028Bear Power: 0.003 (3) 20 FebBull Power: 0.5Bear Power: 0.22

5-day momentum is increasing for Tower
Momentum /
5-day momentum is increasing for Tower

[BULLISH]: Tower currently has positive momentum of 0.04. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.6%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 2.5%%.

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

[BEARISH]: Tower current downtrend in the first timeframe. Currently, the Range is $0.01.

Aroon Oscillator /
Tower: ARO(16) has signalled an uptrend is current

TWR: Aroon Oscillator Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 20 Feb: BULLISH STRONG

Volume /
Recent trading for TWR has failed to beat the previous volume by -38.9 [Downtrend]

[BEARISH]: Tower current volume downtrend in the first timeframe. Volume for TWR is29033 (-38.9).

[Bullish]: Trend following indicator for TWR highlights upward price direction is likely
Exponential Moving Average /
[Bullish]: Trend following indicator for TWR highlights upward price direction is likely

[BULLISH]: Tower currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.6%.

Tower: Current trading activity signals distribution is present
Accumulation / Distribution /
Tower: Current trading activity signals distribution is present

TWR: ADLINE Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BULLISH

Volume rate of change continues to build for Tower signalling a short term downtrend is likely
Volume Rate of Change /
Volume rate of change continues to build for Tower signalling a short term downtrend is likely

[BEARISH]: Tower currently has negative rate of change of -10%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.6%.

Triangular Moving Average /
Tower is in a short term uptrend with the closing price @$0.63

[BULLISH]: Tower 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 1.6%.

MACD /
[Bullish]: Tower currently has positive MACD histogram 0.004000

[BULLISH]: Tower currently has positive MACD of 0.004000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 2.4%.

Bear Harami /
Tower: Bear Harami

[BEARISH]: Tower has formed a new Bear Harami reversal pattern.

Fibonacci Retracements /
Tower is still above the 61.8% retracement level ($0) [Bullish]

Tower is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for TWR should be set @$0.71 & Stoploss for Tower should be set between $0.68

Second timeframe trend of Tower remains as an Uptrend
Medium Trend /
Second timeframe trend of Tower remains as an Uptrend

TWR: Medium Term Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 20 Feb: BULLISH

Tower: Share price rise (1.6% signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Tower: Share price rise (1.6% signals buyers are still keener than sellers

[BULLISH]: Towerbuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for TWR adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.2 & the greatest daily positive change this year has been 4.2. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 43.2%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 4.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 2.2%

Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for TWR

[BULLISH]: Tower 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 1.6%.

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