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Tungsten Mining NL

TGN.AX Technical Analysis Summary (ASX)

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

TGN.AX●ASX
Basic MaterialsIndustrial Materials
$0.19
$0.005(2.56%)
Australian Market opens in 53h 0m

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

TGN.AX Technical Analysis Summary (ASX)

Tungsten Mining NL (ASX: TGN.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: 41.76)
Trend Strength:Moderate (ADX: 28.59)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.18 – $0.22 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 41.76

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 52.38

Neutral
Mid-range signal with no clear trend.

Williams %R: -28.57

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 0.00

Neutral
Price change is minimal.

Takeaway:Tungsten Mining NL shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.02

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 28.59

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): 119.32

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Tungsten Mining NL shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.22
Middle Band (SMA 20)
$0.20
Lower Band
$0.18
Current Position
Within Bands

Takeaway:Tungsten Mining NL trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.24
Middle Line (EMA 20)
$0.21
Lower Channel
$0.17
Squeeze Status
Squeeze On

Takeaway:Tungsten Mining NL trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-48.00M
Money Flow Index43.65Neutral, balanced money flows with no clear signal.
Relative Vigor Index38.27Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Tungsten Mining NL (ASX: TGN.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:Tungsten Mining NL shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: TGN.AX) Technical Analysis FAQ