TGA | Australian Securities Exchange

Thorn
+ Share

Price was difficult to move downward in recent trading on high volume causing an downtrend in price for TGA
Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for TGA

[BEARISH]: Thorn current price have moved downwards on high volume. Currently, the Ease of Movement is -0.187

Thorn  has initiated a negative volume rate of change of -14
Volume Rate of Change /
Thorn has initiated a negative volume rate of change of -14

[BEARISH CROSSOVER]: Thorn currently has negative rate of change of -14%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.4%.

Accumulation / Distribution /
Accumulation signal for Thorn is confirmed

[BULLISH]: Thorn (ASX:TGA) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.71088e+006.

Simple Moving Average /
Price continues to trade above the Simple Moving Average(15) for TGA

[BULLISH]: Thorn currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -2.4%.

Rate of Change /
14-day rate of change is decreasing for Thorn

[BEARISH]: Thorn currently has negative rate of change of -3.968%. 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

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Elders Force Index /
Price & volume confirms continued buying pressure for Thorn is likely

[BULLISH]: Thorn current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1314.

TGA Basic Candle: White
White Candle /
TGA Basic Candle: White

[BULLISH]: Thorn has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Thorn  has broken below the 161.8% extension level ($7.51) [Bullish]
Fibonacci Extensions /
Thorn has broken below the 161.8% extension level ($7.51) [Bullish]

Thorn has moved below the 161.8% level ($7.51) [Bullish]. Look for a long limit order entry near this point. Exit price for TGA should be set @$6.7 & Stoploss for Thorn should be set at $8.32

Triangular Moving Average /
Thorn is in a short term downtrend with the resistance price @$0.639

[BEARISH]: Thorn currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -2.4%.

Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Thorn

Thorn Currently is a confirmed Fake Day. MFI indicator is up, volume is down for TGA. Trend continuation possible for TGA from reduced trading activity.

Sine Weighted Moving Average /
Thorn is in a short term uptrend with the closing price @$0.605

TGA: SWMA Current Signal -> (1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH CROSSOVER

Average Directional Index for Thorn  has signalled a strong trend is active
Average Directional Movement /
Average Directional Index for Thorn has signalled a strong trend is active

TGA: Average Directional Index Current Signal -> (1) 25 Sep: TREND STRONG (2) 24 Sep: TREND STRONG (3) 21 Sep: TREND STRONG

Percentage Price /
Thorn currently has negative PPO -2.055

[BEARISH]: Thorn currently has negative PPO -2.055%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elder Ray Index /
[Buying Pressure]: ERI has increased for Thorn during the last trading session

[BULLISH]: Thorn Elder Ray Index is signalling a Bullish movementERI is 0.004 indicating bull power. Prices are being driven above the consensus of value for TGA during the last trading session [Buying Pressure]

Percentage Volume /
TGA: The return on PVO is 4.4%.

[BULLISH]: Thorn currently has positive PVO 7.73%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 4.4%.

Sellers are now keener than buyers for Thorn  & are driving the price down.
Close Tod Vs Close Yest /
Sellers are now keener than buyers for Thorn & are driving the price down.

TGA: Recent Performance ->(1) 25 Sep: -2.4% (2) 24 Sep: 0.8% (3) 21 Sep: 6.0%

Thorn : Volume MACD oscillator (17422)
MACD Volume /
Thorn : Volume MACD oscillator (17422)

TGA: Volume MACD Current Signal -> (1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH

Thorn : Sellers are still becoming less eager.
Range Tod Vs Range Yest /
Thorn : Sellers are still becoming less eager.

[WEAK BULLISH]: Thorn sellers are becoming less eager. There has been 2 consecutive days of range increase for TGA reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1150 & the greatest daily price range this year has been $0.3550. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.3x.

On Balance Volume /
OBV: Accumulation still active for Thorn

TGA: OBV Current Signal ->(1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH

Exponential Moving Average /
[Bearish]: EMA(15) is serving as a resistance line for Thorn

[BEARISH]: Thorn currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -2.4%.

Donchian Channels /
Overbought signal for the Upper Donchian Band is still current for Thorn

[BEARISH]: Thorn is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Thorn current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.13. Thorn (ASX:TGA) received a confirmed CMF crossover days on the Sep 21 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.5 occurring on the Sep 21 2018.

TGA: Medium term trend is still an Uptrend
Medium Trend /
TGA: Medium term trend is still an Uptrend

[BULLISH]: Thorn is in an uptrend in the medium term timeframe. The current rally number is 33 & the highest rally count for the LTM is 54. The highest rally for the month is 17

[Uptrend]: Recent trading for TGA indicates ST trend is likely to continue
Weighted Moving Average /
[Uptrend]: Recent trading for TGA indicates ST trend is likely to continue

[BULLISH]: Thorn currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -2.4%.

Short Trend /
TGA: Short term trend has confirmed an Downtrend

[BEARISH]: Thorn is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

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