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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
$0.22
$0.02(10.20%)
Australian Market is Open · 14:12

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 bearish trend on the ASX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 33.45)
Trend Strength:Strong (ADX: 38.54)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.19 – $0.44 (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): 33.45

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 3.93

Bullish
Oversold zone signals rebound potential.

Williams %R: -97.06

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -38.96

Strongly Bearish
Sharp downside momentum.

Takeaway:Tungsten Mining NL shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.02

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 38.54

Strong
Strong trend, momentum well established.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): -77.71

Bearish
Bearish, momentum remains under pressure.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.44
Middle Band (SMA 20)
$0.31
Lower Band
$0.19
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$0.33
Middle Line (EMA 20)
$0.28
Lower Channel
$0.23
Squeeze Status
No Squeeze

Takeaway:Tungsten Mining NL trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-43.07M
Money Flow Index5.54Bullish, oversold conditions signal rebound potential.
Relative Vigor Index20.18Bearish, price momentum favors sellers.

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

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

MACD below signal line → short-term caution on momentum.

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