Terramin Australia (TZN)

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Terramin Australia (TZN): Signals

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TECHNICAL ANALYSIS SUMMARY

Terramin Australia (TZN.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BULLISH


Trading: HOLD @ $0.115
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Terramin Australia (ASX:TZN) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.



The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


PROFILE: Terramin Australia (TZN.AX)


Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | ASX:TZN |

About Terramin Australia (ASX:TZN):

Terramin Australia Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of base and precious metals, and other economic mineral deposits in Australia and internationally. The company primarily explores for zinc, lead, gold, copper, and rare earth elements. Its flagship project is the Tala Hamza zinc project located on the Mediterranean coast in Algeria. The company was incorporated in 1993 and is based in Fullarton, Australia.

Top 10:

Donchian Channels

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Company Close Change (%) Volume Value Signal
GGG Greenland Minerals 0.1 16.3 5,387,397 31.48 BULLISH
ATL ASX 20 1.47 5 166,974 43.02 BULLISH
IPD Impedimed 0.48 4.4 161,998 25 BULLISH
FLN Freelancer 0.6 3.5 204,705 38.46 BULLISH
DTL Data#3 1.59 3.2 21,511 50 BULLISH
SOL Washington H Soul Pattison & Co 28.37 2.9 616,225 43.42 BULLISH
TLG Talga Gold 0.56 2.8 620,266 27.42 BULLISH
DNA Donaco International 0.19 2.8 4,790 35.71 BULLISH
YAL Yancoal Australia 4.3 2.4 9,584 50 BULLISH
COE Cooper Energy 0.47 2.2 8,718,195 31.82 BULLISH
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