Terramin Australia (TZN.AX)
Trading: HOLD @ $0.135
Signal Strength: MEDIUM
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) current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the long trading conditions. Currently, the Upper Band is 0.126.
Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.
Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);
PROFILE: Terramin Australia (TZN.AX)
Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | 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.
Moving Average EnvelopeDownload
|BFC Beston Global Food||0.19||12.1||205,454||-55.56||BEARISH|
|PNR Pacific Niugini Minerals||0.18||9.1||888,016||-29.41||BEARISH|
|BKY Berkeley Resources||0.23||4.7||246,749||-37.3||BEARISH|
|PME Pro Medicus||9.56||4.3||157,145||-204.55||BEARISH|
|TRS Reject Shop||2.43||3.8||132,067||-33.9||BEARISH|
|SAR Saracen Mineral||2.6||3.2||6,560,867||-90.91||BEARISH|
|RFG Retail Food||0.4||2.6||221,660||-4.92||BEARISH|