Thorn (TGA)

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Thorn (TGA): Signals

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TECHNICAL ANALYSIS SUMMARY

Thorn (TGA.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Thorn (ASX:TGA) current pivot point (DeMark) is:
(R1) $0.578.

The current pivot point (DeMark) is:
(S1) $0.553.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;


PROFILE: Thorn (TGA.AX)


Stock Exchange: ASX
Company: Thorn
Ticker Codes: | TGA.AX | ASX:TGA |

About Thorn (ASX:TGA):

Thorn Group Limited, together with its subsidiaries, provides a range of financial solutions to consumers and businesses in Australia. It is involved in the leasing of household products to consumers; and provision of leasing and other financial services to small and medium size enterprises under the Radio Rentals name. The company also engages in the provision of loans, commercial finance, and receivables management services. Thorn Group Limited was founded in 1937 and is based in Chullora, Australia.

Top 10:

Demark's Pivot Points

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Company Close Change (%) Volume Value Signal
DNA Donaco International 0.07 89.2 89,678,822 0 BEARISH
NUF Nufarm 5.99 4.5 2,246,031 -0.01 BEARISH
MGX Mount Gibson Iron 0.54 3.9 1,903,583 -0.01 BEARISH
OGC Oceanagold Corporation 4.03 3.6 258,579 -0.02 BEARISH
MSB Mesoblast 1.2 3.5 2,074,087 -0.02 BEARISH
KMD Kathmandu 2.58 3.2 69,151 -0.01 BEARISH
SLR Silver Lake Resources 0.51 3.1 754,449 0 BEARISH
CIM Cimic 42.57 2.6 246,298 -0.01 BEARISH
MIN Mineral Resources 14.48 2.5 1,262,095 -0.08 BEARISH
NBL Noni B 2.82 2.5 676,782 -0.02 BEARISH
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