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Toro Energy Limited

TOE.AX Technical Analysis Summary (ASX)

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

TOE.AX●ASX
Basic MaterialsOther Precious Metals
$0.55
$0.05(8.91%)
Australian Market opens in NaNh NaNm

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

TOE.AX Technical Analysis Summary (ASX)

Toro Energy Limited (ASX: TOE.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.77)
Trend Strength:Moderate (ADX: 27.78)
Volatility:High (ATR: 0.04)

Technical conditions suggest Toro Energy Limited on the ASX is awaiting a decisive move. Technical conditions suggest Toro Energy Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 52.77

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 57.89

Neutral
Mid-range signal with no clear trend.

Williams %R: -42.11

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 6.80

Strongly Bullish
Strong upside momentum.

Takeaway:Toro Energy Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 27.78

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.04

Low
Low volatility, stable price action.

CCI (14): 11.86

Neutral
Neutral, no strong directional signal.

Takeaway:Toro Energy Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
-
Middle Band (SMA 20)
-
Lower Band
-
Current Position
Unknown
Keltner Channels
Upper Channel
$0.62
Middle Line (EMA 20)
$0.54
Lower Channel
$0.46
Squeeze Status
Unknown

Takeaway:Toro Energy Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume2.14M
Money Flow Index63.44Bullish, inflows support continued momentum.
Relative Vigor Index26.79Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Toro Energy Limited (ASX: TOE.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

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:Insufficient data to provide a recommendation for Toro Energy Limited.

(ASX: TOE.AX) Technical Analysis FAQ