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Tanami Gold NL

TAM.AX Technical Analysis Summary (ASX)

Analyze TAM.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

TAM.AX●ASX
Basic MaterialsGold
$0.06
$0.002(3.23%)
Australian Market opens in 22h 24m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

TAM.AX Technical Analysis Summary (ASX)

Tanami Gold NL (ASX: TAM.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 67.90)
Trend Strength:Very Strong (ADX: 41.62)
Support/Resistance:$0.05 – $0.06 (Bollinger Bands)

Technical conditions suggest Tanami Gold NL on the ASX is awaiting a decisive move. Overall, Tanami Gold NL remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 67.90

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 80.95

Bearish
Overbought levels may trigger pullback.

Williams %R: 0.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 14.29

Strongly Bullish
Strong upside momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 41.62

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 191.33

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Tanami Gold NL shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.06
Middle Band (SMA 20)
$0.06
Lower Band
$0.05
Current Position
Above Upper Band

Takeaway:Tanami Gold NL trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$0.06
Middle Line (EMA 20)
$0.06
Lower Channel
$0.06
Squeeze Status
No Squeeze

Takeaway:Tanami Gold NL trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume7.37M
Money Flow Index90.13Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index64.13Bullish, price momentum strongly favors buyers.

Overall Takeaway:TAM.AX shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary
Based on the current technical analysis of Tanami Gold NL (ASX: TAM.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Technical indicators for Tanami Gold NL are mixed, suggesting a Hold or wait-and-see approach.

(ASX: TAM.AX) Technical Analysis FAQ