USA • New York Stock Exchange • NYSE:TBN • US87507T1016
Overall TBN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TBN is showing a nice and steady performance.
TBN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.44. Right above this resistance zone may be a good entry point.
21.50
We found 6 important support areas.
When analyzing the resistance we notice one important area.
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 | 80.74 | POSITIVE | TBN has a high relative strength, it outperformed 80.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBN is above the rising 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) | 59.52 | NEUTRAL | The RSI value for TBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TBN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.54 | NEUTRAL | The Stochastics value for TBN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TBN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.72 | NEUTRAL | The ADX value for TBN suggests a possible start of a new trend. |
29.22
+0.6 (+2.1%)
ChartMill assigns a technical rating of 9 / 10 to TBN.
The current trend direction for TAMBORAN RESOURCES CORP (TBN) is Bullish.
TAMBORAN RESOURCES CORP (TBN) has an RSI value of 59.5196. This indicates that the stock is currently neutral.
The short term momentum for TAMBORAN RESOURCES CORP (TBN) is neutral.