TAMBORAN RESOURCES CORP (TBN) Technical Analysis
NYSE:TBN • US87507T1016
Current stock price
TBN Technical Rating and Analysis
Overall TBN gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TBN has a been trading in the 34.43 - 52.21 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that TBN is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, TBN also shows a nice and consistent pattern of rising prices.
- TBN is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, TBN did better than 68% of them.
- TBN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBN is lagging the market.
- Considerably lower volume is observed in the last couple of days.
TBN Weekly and Daily overview Charts
TBN Setup Rating and Analysis
Although TBN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
TBN Support and Resistance Analysis
22.45
5 important support areas can be observed.
- A support zone ranging from 35.38 to 35.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.48 from a trend line in the daily time frame.
- Support @28.58 from a trend line in the weekly time frame.
- Support @27.68 from a trend line in the daily time frame.
- Support @22.68 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @37.52 from a horizontal line in the daily time frame.
TBN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TBN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBN is neutral. |
| ChartMill Relative Strength | 89.2 | POSITIVE | TBN has a high relative strength, it outperformed 89.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TBN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.68 | NEUTRAL | The RSI value for TBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests TBN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.92 | NEUTRAL | The Stochastics value for TBN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.16 | HIGH VOLATILITY | The high ATR as a percentage value for TBN suggests high volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for TBN suggests a strong trend. |
TBN Chart- and CandleStick Pattern Analysis
TBN Technicals: Chart, Performance Metrics, Trend & Indicators
35.39
-0.46 (-1.28%)
TAMBORAN RESOURCES CORP / TBN TA FAQ
Can you provide the ChartMill technical rating for TAMBORAN RESOURCES CORP?
ChartMill assigns a technical rating of 9 / 10 to TBN.
Can you provide the trend direction for TAMBORAN RESOURCES CORP?
The current trend direction for TAMBORAN RESOURCES CORP (TBN) is Bullish.
What is the RSI signal for TAMBORAN RESOURCES CORP (TBN) stock?
TAMBORAN RESOURCES CORP (TBN) has an RSI value of 47.6765. This indicates that the stock is currently neutral.
What is the MACD signal for TAMBORAN RESOURCES CORP (TBN) stock?
The MACD indicator for TAMBORAN RESOURCES CORP (TBN) has a value of -0.517821, indicating a bearish trend.
What is the short term momentum for TAMBORAN RESOURCES CORP (TBN) stock?
The short term momentum for TAMBORAN RESOURCES CORP (TBN) is neutral.