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

Thorn
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Thorn : Look for a short limit order entry @$0.5940
Pivot Points /
Thorn : Look for a short limit order entry @$0.5940

Thorn has broken the first support point ($0.5940) [Bearish]. Look for a short limit order entry near this point. Exit price for TGA should be set @$0.5770 & short position stoploss for Thorn should be set between $0.6270 & $0.6440

Thorn : 2nd timeframe trend Downtrend remains intact
Medium Trend /
Thorn : 2nd timeframe trend Downtrend remains intact

[BEARISH]: Thorn has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Apr 6 2018.

Price Range /
Thorn : Daily price range is 0.0250 [Downtrend]

[BEARISH]: Thorn current downtrend in the first timeframe. Currently, the Range is $0.0250.

Ease of Movement /
Thorn was difficult to move downward due to high volume in recent trading [Bearish]

TGA: EOM Current Signal -> (1) 20 Apr: BEARISH HARD (2) 19 Apr: BEARISH HARD (3) 18 Apr: NEUTRAL

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

[BULLISH]: Thorn 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%.

Elders Force Index /
Recent trading highlights initial selling pressure is present for TGA

TGA: Elders Force Index Current Signal -> (1) 20 Apr: BEARISH CROSSOVER (2) 19 Apr: BULLISH CROSSOVER (3) 18 Apr: BEARISH

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Open Tod Vs Close Tod /
Thorn opened in the upper part of daily range at 100.000000000000000% & closed in the upper part of the trading range at 100.000000000000000%. This suggests the sellers have lost control.

[BULLISH]: Thorn opened in the upper part of daily range at 100.000000000000000% & closed in the upper part of the trading range at 100.000000000000000%. This suggests the sellers have lost control. Over the last 12 months there has been 26 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 9.9%. Over the last month there has been 4 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 26.7%.

Recent trading for TGA has failed to beat the previous volume by -23.7 [Downtrend]
Volume /
Recent trading for TGA has failed to beat the previous volume by -23.7 [Downtrend]

[BEARISH]: Thorn current volume downtrend in the first timeframe. Volume for TGA is198102 (-23.7).

Buyer commitment has continued for Thorn  adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
Buyer commitment has continued for Thorn adding strength to an uptrend in the first timeframe

[BULLISH]: Thorn buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Thorn 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 88 trading days with the closing price in the upper part of the range giving a confirmation ratio of 33.5%. Over the last month there has been 7 trading days with the closing price in the upper range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 1 days in the lower range giving a ratio of 7x.

Woodie Pivot Point /
Thorn has moved below the S1 Woodie pivot point ($0.5980) [Bearish]

Thorn has broken the first Woodie support point ($0.5980) [Bearish]. Look for a short limit order entry near this point. Exit price for TGA should be set @$0.5790 & short position stoploss for Thorn should be set at $0.6290

High Price /
Recent trading for Thorn fell short of the previous high by -1.6 %

[BEARISH]: Thorn current downtrend in the first timeframe. Currently, the HIGH is -1.6 %.

MACD Volume /
[Bullish]: Thorn currently has positive Volume MACD histogram 15971

[BULLISH]: Thorn currently has positive Volume MACD of 15971. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Bullish]: SWMA(5) is serving as a support line for Thorn
Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Thorn

TGA: SWMA Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BULLISH

Thorn : Daily opening performance is 3.4000000000000000 % [Downntrend]
Opening Price /
Thorn : Daily opening performance is 3.4000000000000000 % [Downntrend]

TGA: OPEN Recent Trading -> (1) 20 Apr: 0.61 (2) 19 Apr: 0.59 (3) 18 Apr: 0.605

Chaikin Money Flow /
CMF has positive divergence between price and volume

TGA: Chaikin Oscillator Recent Trading -> (1) 20 Apr: 0.2400 (2) 19 Apr: 0.3000 (3) 18 Apr: 0.2600

Aroon Oscillator /
[Downtrend]: Aroon oscillator @-84.0000 has confirmed a strong downtrend for TGA

[BEARISH]: Thorn has a current ARO(25) of -84.0000. This has change 0.0000 points from yesterday.

Ulcer Index /
Thorn : Ulcer Index 8.5290 [High Stress]

[BULLISH]: Thorn UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.5290.

Closing price for TGA ($0.6100) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for TGA ($0.6100) signals sellers are now keener than buyers

[BEARISH]: Thorn sellers are keener than buyers and are driving the price down. This is the first day of price decline for TGA adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.5 & the greatest daily negative change this year has been -11.9. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -37.4%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -2.000000%

The EMA trend following signal is still current for Thorn  [Bullish]
Exponential Moving Average /
The EMA trend following signal is still current for Thorn [Bullish]

[BULLISH]: Thorn 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%.

OBV: Distribution still active for Thorn
On Balance Volume /
OBV: Distribution still active for Thorn

[BEARISH]: Thorn current price has highlighted recent distribution. Currently, the OBV is -16865169.0000.

Percentage Volume /
Volume for Thorn continues to lose momentum @-36.9000)

[BEARISH]: Thorn currently has negative PVO -36.9000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.1%.

Low Price /
Recent trading for Thorn has surpassed the previous low by 0.9 %

[BEARISH]: Thorn current uptrend in the first timeframe. Currently, the Low is $0.5850 (0.9 %).

Demarks Pivot Points /
[Long]: Limit orders for Thorn should be set at $0.6038

Thorn has broken the first DeMark support point ($0.6038) [Bearish]. Look for a short limit order entry near this point. Exit price for TGA should be set @$0.5980 & short position stoploss for Thorn should be set at $0.6230

MACD /
TGA: Moving Average Convergence Divergence [Bullish]

[BULLISH]: Thorn currently has positive MACD of 0.0060. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -3.7%.

Thorn : Elder Ray Index is -0.0330 [Bearish]
Elder Ray Index /
Thorn : Elder Ray Index is -0.0330 [Bearish]

[BEARISH]: Thorn Elder Ray Index is signalling a Bearish movementERI is -0.0330 indicating bear power. Prices are being driven below the consensus of value for TGA during the last trading session [Selling Pressure]

Limit order for a long position has been identified for Thorn  @$6.8900
Fibonacci Extensions /
Limit order for a long position has been identified for Thorn @$6.8900

Thorn has moved below the 161.8% level ($6.8900) [Bullish]. Look for a long limit order entry near this point. Exit price for TGA should be set @$6.6200 & Stoploss for Thorn should be set at $7.1600

Detrended Price Oscillator /
Thorn : Detrended Price Oscillator(20) is -0.0748

[BEARISH]: Thorn currently has a confirmed downtrend. Price is currently below the displaced moving average for TGACurrently, the return on DPO20 is -1.6%.

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