Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
True North Copper Limited

TNC.AX Technical Analysis Summary (ASX)

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

TNC.AX●ASX
Basic MaterialsCopper
$0.34
$0.010(2.90%)
Australian Market is Open · 12:37

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

TNC.AX Technical Analysis Summary (ASX)

True North Copper Limited (ASX: TNC.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: 41.04)
Trend Strength:Strong (ADX: 39.37)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.33 – $0.37 (Bollinger Bands)

Technical conditions suggest True North Copper Limited on the ASX is awaiting a decisive move. Overall, True North Copper Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 41.04

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 16.67

Bullish
Oversold zone signals rebound potential.

Williams %R: -100.00

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -2.94

Bearish
Selling pressure outweighs buying.

Takeaway:True North Copper Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 39.37

Strong
Strong trend, momentum well established.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): -127.27

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:True North Copper Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.37
Middle Band (SMA 20)
$0.35
Lower Band
$0.33
Current Position
Within Bands

Takeaway:True North Copper Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.39
Middle Line (EMA 20)
$0.35
Lower Channel
$0.32
Squeeze Status
Squeeze On

Takeaway:True North Copper Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-6.09M
Money Flow Index49.91Neutral, balanced money flows with no clear signal.
Relative Vigor Index42.52Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:TNC.AX shows balanced money flow with a slight bearish tilt.

Technical Trading Signals Summary
Based on the current technical analysis of True North Copper Limited (ASX: TNC.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:True North Copper Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: TNC.AX) Technical Analysis FAQ