Tribune Resources (TBR)

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Tribune Resources (TBR): Signals

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TECHNICAL ANALYSIS SUMMARY

Tribune Resources (TBR.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

MEDIUM TREND


Trading: HOLD @ $3.9
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Tribune Resources (ASX:TBR) has confirmed a strong trend is present. Tribune Resources has an ATR(14) of 0.05, a DX of 30.21 & an ADX(14) of 29.98



The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


PROFILE: Tribune Resources (TBR.AX)


Stock Exchange: ASX
Company: Tribune Resources
Ticker Codes: | TBR.AX | ASX:TBR |

About Tribune Resources (ASX:TBR):

Tribune Resources Limited, together with its subsidiaries, explores for, develops, and produces mineral properties in Australia. It explores for gold and silver deposits. The company focuses on the East Kundana and West Kundana joint venture tenements. Tribune Resources Limited is based in South Perth, Australia.

Top 10:

Average Directional Index

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