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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TGA: William %R has traded above the oversold limit @-42.9
Williams %R /
TGA: William %R has traded above the oversold limit @-42.9

TGA: William %R Recent Trading -> (1) 11 Jan: -42.9 (2) 11 Jan: -93.5 (3) 11 Jan: -18.2

Stochastic oversold signal had been cancelled for Thorn
Stochastic Oscillator /
Stochastic oversold signal had been cancelled for Thorn

TGA: Stochastic Oscillator Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BEARISH CROSSUNDER (3) 11 Jan: BULLISH CROSSOVER

Price Range /
Volatile price performance from TGA has seen a range of 0.015 [Uptrend]

[BULLISH]: Thorn current uptrend in the first timeframe. Currently, the Range is $0.015.

Money Flow Index /
Thorn is no longer oversold

[NEUTRAL]: Thorn current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 54.04. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 54.6.

Aroon Oscillator /
Daily trading has confirmed an Aroon uptrend (20) for Thorn

TGA: Aroon Oscillator Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BEARISH STRONG (3) 11 Jan: BULLISH

Sine Weighted Moving Average /
[Uptrend]: Recent trading for TGA confirms bullish SWMA(5) signal

[BULLISH]: Thorn 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 1.3%.

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Camarilla Pivot Points /
Thorn has broken the first Camarilla support point ($0.706) [Bearish]

Thorn has broken the first Camarilla support point ($0.706) [Bearish]. Look for a short limit order entry near this point. Exit price for TGA should be set @$0.643 & short position stoploss for Thorn should be set between $0.898 & $0.961

Limit order for a short position has been identified for Thorn  [Bearish]
Woodie Pivot Point /
Limit order for a short position has been identified for Thorn [Bearish]

Thorn has broken the first Woodie support point ($0.762) [Bearish]. Look for a short limit order entry near this point. Exit price for TGA should be set @$0.751 & short position stoploss for Thorn should be set at $0.781

Price is now trading above the Weighted Moving Average(5) for TGA
Weighted Moving Average /
Price is now trading above the Weighted Moving Average(5) for TGA

[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 1.3%.

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of TGA

[BEARISH]: Thorn UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.59.

MACD Volume /
Volume MACD oscillator is now positive for TGA

[BULLISH CROSSOVER]: Thorn currently has positive Volume MACD of 16943. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Volume /
[Bullish]: Thorn has beaten previous volume by 2.9

[BULLISH]: Thorn current volume uptrend in the first timeframe. Volume for TGA is213839 (2.9).

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

[BEARISH]: Thorn 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 1.3%.

Elders Force Index (798) has signalled bullish conditions in recent trading for TGA
Elders Force Index /
Elders Force Index (798) has signalled bullish conditions in recent trading for TGA

[BULLISH]: Thorn current price has highlighted recent buying pressure. Currently, the Elders Force Index is 798.

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.006 indicating bull power

[BEARISH]: Thorn Elder Ray Index is signalling a Bearish movementERI is -0.009 indicating bear power. Prices are being driven below the consensus of value for TGA during the last trading session [Selling Pressure]

Coles Reaction Day /
First timeframe trend of Thorn has signalled a rally day

TGA: CRD Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Average True Range /
TGA: Average True Range has confirmed an downtrend @0.027

[Bearish]: Average True Range has confirmed an downtrend is present. Thorn has a TR of 0.015, and an ATR(14) of 0.027.

DVI: Distribution has been initiated for Thorn
Daily Volume Index /
DVI: Distribution has been initiated for Thorn

TGA: DVI Recent Trading -> (1) 11 Jan: -203 (2) 11 Jan: 3188 (3) 11 Jan: 0

TGA: Short term trend has confirmed an Uptrend
Short Trend /
TGA: Short term trend has confirmed an Uptrend

[BULLISH]: Thorn is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 4

Thorn : Price level has retraced to average & is no longer oversold
Commodity Channel Index /
Thorn : Price level has retraced to average & is no longer oversold

[NEUTRAL]: Thorn current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is 5. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -79.

Close Tod Vs Range Tod /
Thorn : Close versus price range (100%.)

[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 102 trading days with the closing price in the upper part of the range giving a confirmation ratio of 39.1%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 7 days in the lower range giving a ratio of 1.1x.

Accumulation / Distribution /
Market conditions are indicating distribution is now confirmed for TGA

[BEARISH CROSSOVER]: Thorn current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Two White Soldiers /
Thorn : Two White Soldiers

[BULLISH]: Thorn has formed a new Two White Soldiers pattern.

PPO: The shorter moving average for TGAis now above the longer term moving average
Percentage Price /
PPO: The shorter moving average for TGAis now above the longer term moving average

[BULLISH CROSSOVER]: Thorn currently has positive PPO 0.100%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

TGA: Percentage Volume Oscillator [Bearish]
Percentage Volume /
TGA: Percentage Volume Oscillator [Bearish]

TGA: PVO Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Detrended Price Oscillator /
Thorn : Detrended Price Oscillator(20) is 0.0217 [Bullish Crossover]

[BULLISH]: Thorn currently has a confirmed uptrend. Price is currently above the displaced moving average for TGACurrently, the return on DPO20 is 1.3%.

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