Technical analysis from Trinidad Drilling (TDG.TO.TO, TSE:TDG.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Trinidad Drilling
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Envelope bands Oversold signal is still current for Trinidad Drilling [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Trinidad Drilling [Bullish]

[BULLISH]: Trinidad Drilling current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.8145.

Recent trading for Trinidad Drilling fell short of the previous price range ($0.05)
Price Range /
Recent trading for Trinidad Drilling fell short of the previous price range ($0.05)

[BEARISH]: Trinidad Drilling current downtrend in the first timeframe. Currently, the Range is $0.05.

Short Trend /
TDG: Short term trend is still an Downtrend

TDG: Daily Trend Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Williams %R /
Initiation of oversold signal for Trinidad Drilling [Bullish Crossover]

[BEARISH]: Trinidad Drilling is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Demarks Pivot Points /
Trinidad Drilling has moved below the S1 DeMark pivot point ($1.8175) [Bearish]

Trinidad Drilling has broken the first DeMark support point ($1.8175) [Bearish]. Look for a short limit order entry near this point. Exit price for TDG should be set @$1.7850 & short position stoploss for Trinidad Drilling should be set at $1.835

Closed Window /
Trinidad Drilling: Closed Window

[BEARISH]: Trinidad Drilling has Gapped Down on previous bar.

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Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-88) for Trinidad Drilling

[BEARISH]: Trinidad Drilling has a current ARU(25) of 12 and a current ARD(25) of 100

Close Tod Vs Close Yest /
This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -9.8%

TDG: Recent performance signals ->(1) 25 May: NEUTRAL (2) 24 May: NEUTRAL (3) 23 May: NEUTRAL

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Trinidad Drilling is being actively accumulated based on OBV
On Balance Volume /
Trinidad Drilling is being actively accumulated based on OBV

TDG: OBV Recent Trading ->(1) 25 May: 1.07207e+007 (2) 24 May: 1.10753e+007 (3) 23 May: 1.14589e+007

Initiation of an oversold CCI signal for Trinidad Drilling
Commodity Channel Index /
Initiation of an oversold CCI signal for Trinidad Drilling

[BULLISH]: Trinidad Drilling current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -188. The bullish signal has been active for 1 day. During the quarter, the lowest CCI value was -188.

Percentage Volume /
TDG: Percentage Volume Oscillator [Bearish]

[BEARISH]: Trinidad Drilling currently has negative PVO -21.23%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -7.3%.

Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for TDG

[BEARISH]: Trinidad Drilling Elder Ray Index is signalling a Bearish movementERI is -0.121 indicating bear power. Prices are being driven below the consensus of value for TDG during the last trading session [Selling Pressure]

Triangular Moving Average /
Trinidad Drilling is in a short term downtrend with the closing price @$1.82

[BEARISH]: Trinidad Drilling currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -3.7%.

Trinidad Drilling has failed to achieve a lower volume of 354539 (-7.6)
Volume /
Trinidad Drilling has failed to achieve a lower volume of 354539 (-7.6)

[BEARISH]: Trinidad Drilling current volume downtrend in the first timeframe. Volume for TDG is 354539 (-7.6).

The MACD continues to fall below the signal line for TDG [Bearish]
MACD /
The MACD continues to fall below the signal line for TDG [Bearish]

[BEARISH]: Trinidad Drilling currently has negative MACD of -0.0108. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -3.7%.

Opening Price /
Price for TDG has opened weaker than close of the previous trading session

[BEARISH]: Trinidad Drilling opening price has gapped down. Currently, the OPEN is $1.85 (-4.6 %).

Accumulation / Distribution /
Traders are currently accumulating Trinidad Drilling

[BULLISH]: Trinidad Drilling current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 3.02179e+006.

Chaikin Money Flow /
Selling pressure for Trinidad Drilling continues - bearish signal

TDG: Chaikin Oscillator Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH CROSSOVER

Recent trading highlights continued buying pressure is present for TDG
Elders Force Index /
Recent trading highlights continued buying pressure is present for TDG

[BULLISH]: Trinidad Drilling current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1864.

The biggest price range this month for TDG has been $0.2400
Range Tod Vs Range Yest /
The biggest price range this month for TDG has been $0.2400

TDG: Range today versus range yesterday Current Signal ->(1) 25 May: BEARISH (2) 24 May: BULLISH (3) 23 May: BEARISH

Trading session closed lower on high volume for Trinidad Drilling [Bearish]
Ease of Movement /
Trading session closed lower on high volume for Trinidad Drilling [Bearish]

TDG: EOM Current Signal -> (1) 25 May: BEARISH HARD (2) 24 May: BEARISH HARD (3) 23 May: BEARISH HARD

Black Candle /
TDG Basic Candle: Black

[BEARISH]: Trinidad Drilling has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for TDG

[BEARISH WEAK]: Trinidad Drilling opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 40%. This suggests the sellers have lost commitment. Over the last 12 months there has been 47 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 17.9%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 16.7%.

Gap Down /
A short term Gap Down has formed with Trinidad Drilling

[BULLISH]: A short term Gap Down has formed with Trinidad Drilling which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 6 occurrences of this bar reversal giving a signal probability of 2.3%.

Medium Trend /
Daily trading has maintained an Downtrend medium trend for Trinidad Drilling

[BEARISH]: Trinidad Drilling has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the May 22 2018.

Trinidad Drilling: Volume Rate of Change (10)
Volume Rate of Change /
Trinidad Drilling: Volume Rate of Change (10)

[BULLISH]: Trinidad Drilling currently has positive volume of change of 10%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -3.7%.

Negative ROC confirmation for TDG is a leading indicator for continued price fall
Rate of Change /
Negative ROC confirmation for TDG is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Trinidad Drilling currently has negative rate of change of -4.211%. 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

Momentum /
Trinidad Drilling currently has negative momentum of -0.17

[BEARISH]: Trinidad Drilling currently has negative momentum of -0.17 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -3.7%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -3.7%.

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