TGA | Australian Securities Exchange

Thorn
+ Share

Thorn  has initiated a negative volume rate of change of -14
Volume Rate of Change /
Thorn has initiated a negative volume rate of change of -14

[BEARISH CROSSOVER]: Thorn currently has negative rate of change of -14%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.4%.

TGA: Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the upper shadow
Open Tod Vs Close Tod /
TGA: Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the upper shadow

TGA: Open today versus close yesterday Current Signal ->(1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH STRONG

Range Tod Vs Range Yest /
Thorn : Sellers are still becoming less eager.

[WEAK BULLISH]: Thorn sellers are becoming less eager. There has been 2 consecutive days of range increase for TGA reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1150 & the greatest daily price range this year has been $0.3550. 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.

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Thorn & are driving the price down.

TGA: Recent Performance ->(1) 25 Sep: -2.4% (2) 24 Sep: 0.8% (3) 21 Sep: 6.0%

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

[BULLISH]: Thorn current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.13. Thorn (ASX:TGA) received a confirmed CMF crossover days on the Sep 21 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.5 occurring on the Sep 21 2018.

Elders Force Index /
Price & volume confirms continued buying pressure for Thorn is likely

[BULLISH]: Thorn current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1314.

[Uptrend]: Recent trading for TGA indicates ST trend is likely to continue
Weighted Moving Average /
[Uptrend]: Recent trading for TGA indicates ST trend is likely to continue

[BULLISH]: Thorn currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -2.4%.

Ulcer index has increased as the price has fallen for Thorn
Ulcer Index /
Ulcer index has increased as the price has fallen for Thorn

[BULLISH]: Thorn UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 13.434.

Accumulation signal for Thorn  is confirmed
Accumulation / Distribution /
Accumulation signal for Thorn is confirmed

[BULLISH]: Thorn (ASX:TGA) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.71088e+006.

MACD Volume /
Thorn : Volume MACD oscillator (17422)

TGA: Volume MACD Current Signal -> (1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH

Rate of Change /
14-day rate of change is decreasing for Thorn

[BEARISH]: Thorn currently has negative rate of change of -3.968%. 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

White Candle /
TGA Basic Candle: White

[BULLISH]: Thorn has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

[Buying Pressure]: ERI has increased for Thorn  during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for Thorn during the last trading session

[BULLISH]: Thorn Elder Ray Index is signalling a Bullish movementERI is 0.004 indicating bull power. Prices are being driven above the consensus of value for TGA during the last trading session [Buying Pressure]

Thorn  currently has negative PPO -2.055
Percentage Price /
Thorn currently has negative PPO -2.055

[BEARISH]: Thorn currently has negative PPO -2.055%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Thorn

Thorn Currently is a confirmed Fake Day. MFI indicator is up, volume is down for TGA. Trend continuation possible for TGA from reduced trading activity.

Aroon Oscillator /
TGA: Aroon oscillator has confirmed a strong downtrend @-76

TGA: Aroon Oscillator Current Signal -> (1) 25 Sep: BEARISH STRONG (2) 24 Sep: BEARISH STRONG (3) 21 Sep: BEARISH STRONG

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

[BEARISH]: Thorn is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Overbought signal for the Upper Donchian Band is still current for Thorn
Donchian Channels /
Overbought signal for the Upper Donchian Band is still current for Thorn

[BEARISH]: Thorn is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Thorn  has moved below the S1 DeMark pivot point ($0.6038) [Bearish]
Demarks Pivot Points /
Thorn has moved below the S1 DeMark pivot point ($0.6038) [Bearish]

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 $0.618

Average Directional Index for Thorn  has signalled a strong trend is active
Average Directional Movement /
Average Directional Index for Thorn has signalled a strong trend is active

TGA: Average Directional Index Current Signal -> (1) 25 Sep: TREND STRONG (2) 24 Sep: TREND STRONG (3) 21 Sep: TREND STRONG

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Thorn

[BEARISH]: Thorn currently has a confirmed downtrend. Price is currently below the displaced moving average for TGA. Currently, the return on DPO20 is -2.4%.

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 3 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 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 23.5%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 1 days in the lower range giving a ratio of 4x.

MACD /
[Bullish]: Thorn currently has positive MACD histogram 0.0022

[BULLISH]: Thorn currently has positive MACD of 0.0022. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -2.4%.

Price was difficult to move downward in recent trading on high volume causing an downtrend in price for TGA
Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for TGA

[BEARISH]: Thorn current price have moved downwards on high volume. Currently, the Ease of Movement is -0.187

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

TGA: OBV Current Signal ->(1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH

Triangular Moving Average /
Thorn is in a short term downtrend with the resistance price @$0.639

[BEARISH]: Thorn currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -2.4%.

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