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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
$0.005(2.70%)
Australian Market opens in 22h 23m

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: 46.40)
Trend Strength:Moderate (ADX: 20.46)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.17 – $0.19 (Bollinger Bands)

Technical conditions suggest Theta Gold Mines Limited on the ASX is awaiting a decisive move. This mix signals that Theta Gold Mines Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 46.40

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): 0.00

Neutral
Price change is minimal.

Takeaway:Theta Gold Mines Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 20.46

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 9.44

Neutral
Neutral, no strong directional signal.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.19
Middle Band (SMA 20)
$0.18
Lower Band
$0.17
Current Position
Within Bands

Takeaway:Theta Gold Mines Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.20
Middle Line (EMA 20)
$0.18
Lower Channel
$0.17
Squeeze Status
Squeeze On

Takeaway:Theta Gold Mines Limited trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume-517.95K
Money Flow Index66.17Bullish, inflows support continued momentum.
Relative Vigor Index27.86Bearish, price momentum favors sellers.

Overall Takeaway:TGM.AX shows mixed signals in money flow analysis.

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

ADX above 20 → strong underlying trend.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

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

(ASX: TGM.AX) Technical Analysis FAQ