Technical analysis from Tegel Group (TGH.NZ, NZE:TGH) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Tegel Group
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Bullish trading conditions for Tegel Group has been signalled from the DPO (0.1175)
Detrended Price Oscillator /
Bullish trading conditions for Tegel Group has been signalled from the DPO (0.1175)

[BULLISH]: Tegel Group currently has a confirmed uptrend. Price is currently above the displaced moving average for TGHCurrently, the return on DPO20 is 0%.

Tegel Group currently has negative volume rate of change for -49
Volume Rate of Change /
Tegel Group currently has negative volume rate of change for -49

TGH: VROC Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

MACD Volume /
The volume MACD continues to rise above the signal line for TGH [Bullish]

[BULLISH]: Tegel Group currently has positive Volume MACD of 8118. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

White Marubozu /
TGH Basic Candle: White Marubozu

TGH: Basic Candlestick Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BEARISH (3) 18 Oct: BULLISH

Piercing /
A Piercing Pattern (Bullish) candlestick pattern has been detected for Tegel Group (TGH).

[BULLISH]: Tegel Group has formed a new Bullish Piercing reversal pattern. This means, TGH has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

PROFIT /
Sales for Tegel Group is $613.98M

Tegel Group Key financial metrics: (1) Revenue: $613.98M (2) EBITDA: $73.26M (3) Price-Sales ratio: 0.81

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VALUE /
Tegel Group: P/E ratio is 14.29

Tegel Group Key financial metrics: (1) EPS: $0.10 (2) P/E Ratio: 14.29

Weighted Moving Average /
The WMA trend following signal is still current for Tegel Group [Bullish]

[BULLISH]: Tegel Group 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 0%.

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The MACD continues to rise above the signal line for TGH [Bullish]
MACD /
The MACD continues to rise above the signal line for TGH [Bullish]

TGH: MACD Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Tegel Group: Daily high performance (-0.7 %)
High Price /
Tegel Group: Daily high performance (-0.7 %)

TGH: HIGH Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BULLISH

Elders Force Index /
Bullish conditions for TGH are likely to continue based on EFI (3813)

[BULLISH]: Tegel Group current price has highlighted recent buying pressure. Currently, the Elders Force Index is 3813.

Simple Moving Average /
The SMA trend following signal is still current for Tegel Group [Bullish]

[BEARISH]: Tegel Group 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%.

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for TGH during the last trading session

[BULLISH]: Tegel GroupElder Ray Index is signalling a Bullish movementERI is 0.044 indicating bull power. Prices are being driven above the consensus of value for TGH during the last trading session [Buying Pressure]

Momentum(5) is increasing for Tegel Group
Momentum /
Momentum(5) is increasing for Tegel Group

TGH: MOM Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

DVI: Accumulation still active for Tegel Group
Daily Volume Index /
DVI: Accumulation still active for Tegel Group

[BULLISH]: Tegel Group current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Demarks Pivot Points /
Tegel Group has broken the first DeMark resistance point ($1.3925) [Bullish]

Tegel Group has broken the first DeMark resistance point ($1.3925) [Bullish]. Look for a long limit order entry near this point. Exit price for TGH should be set @$1.415 & Stoploss for Tegel Group should be set at $1.385

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

TGH: EOM Current Signal -> (1) 20 Oct: BEARISH HARD (2) 19 Oct: BEARISH HARD (3) 18 Oct: BULLISH HARD

Pivot Points /
Limit order for a short position has been identified for Tegel Group [Bearish]

Tegel Group has broken the first support point ($1.38) [Bearish]. Look for a short limit order entry near this point. Exit price for TGH should be set @$1.36 & short position stoploss for Tegel Group should be set between $1.42 & $1.44

Tegel Group: Rate of Change (14)
Rate of Change /
Tegel Group: Rate of Change (14)

[BULLISH]: Tegel Group currently has positive rate of change of 8.5%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

[Bullish]: New volume high has formed for TGH by 1.6 during the last trading session
Volume /
[Bullish]: New volume high has formed for TGH by 1.6 during the last trading session

[BULLISH]: Tegel Group current volume uptrend in the first timeframe. Volume for TGH is145241 (1.6).

Tegel Group is being actively accumulated
Accumulation / Distribution /
Tegel Group is being actively accumulated

[BULLISH]: Tegel Group current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Woodie Pivot Point /
Tegel Group: Look for a short limit order entry @$1.386

Tegel Group has broken the first Woodie support point ($1.386) [Bearish]. Look for a short limit order entry near this point. Exit price for TGH should be set @$1.363 & short position stoploss for Tegel Group should be set at $1.423

Percentage Price /
Tegel Group: Price Percentage Oscillator (2.400)

TGH: PPO Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

GROWTH /
The current book value of Tegel Group is $1.36

Tegel Group Key financial metrics: (1) Book Value: $1.36 (2) Market-to-Book ratio: 1.03 (3) PEG Ratio: 14.29

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Tegel Group indicating upward price movement is likely

[BULLISH]: Tegel Group 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 0%.

Tegel Group: Bull Belt-Hold
Bull Belt-Hold /
Tegel Group: Bull Belt-Hold

[BULLISH]: Tegel Group has formed a new Bull Belt-Hold reversal pattern.

Open/close reversal confirmed for Tegel Group signalling the buyers were in control all day.
Open Tod Vs Close Tod /
Open/close reversal confirmed for Tegel Group signalling the buyers were in control all day.

[BULLISH STRONG]: Tegel Group opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 64 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 24.3%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Percentage Volume /
Volume is still below the short term EMA for TGH [Bearish]

[BEARISH]: Tegel Group currently has negative PVO -15.3%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 10%.

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