Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Theta Gold Mines Limited

TGM.AX Technical Analysis Summary (ASX)

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

TGM.AX●ASX
Basic MaterialsGold
$0.18
$0.00(0.00%)
Australian Market opens in 0h 33m

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

TGM.AX Technical Analysis Summary (ASX)

Theta Gold Mines Limited (ASX: TGM.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 48.13)
Trend Strength:Weak (ADX: 15.98)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.17 – $0.20 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 48.13

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 33.33

Bearish
Momentum remains weak below midpoint.

Williams %R: -66.67

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 2.78

Bullish
Steady upward momentum.

Takeaway:Theta Gold Mines Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 15.98

Weak
Weak trend, market trading sideways.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): -35.10

Bearish
Bearish, momentum remains under pressure.

Takeaway:Theta Gold Mines Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.20
Middle Band (SMA 20)
$0.19
Lower Band
$0.17
Current Position
Within Bands

Takeaway:Theta Gold Mines Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.20
Middle Line (EMA 20)
$0.19
Lower Channel
$0.17
Squeeze Status
No Squeeze

Takeaway:Theta Gold Mines Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-2.33M
Money Flow Index18.00Bullish, oversold conditions signal rebound potential.
Relative Vigor Index18.47Bearish, price momentum favors sellers.

Overall Takeaway:TGM.AX shows oversold money flow, with rebound potential building.

Technical Trading Signals Summary
Based on the current technical analysis of Theta Gold Mines Limited (ASX: TGM.AX), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Theta Gold Mines Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(ASX: TGM.AX) Technical Analysis FAQ