TAMBORAN RESOURCES CORP (TBN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TBN - US87507T1016 - Common Stock
Taking everything into account, TBN scores 5 out of 10 in our technical rating. 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.
Although the technical rating is only medium, TBN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.34, a Stop Loss order could be placed below this zone.
More info and screens
20.81
We found 2 important support areas.
- A support zone ranging from 22.60 to 23.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.02 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 25.14 to 25.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @26.16 from a horizontal line in the daily time frame.
- Resistance @26.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.25 to 27.25. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | 86.29 | POSITIVE | TBN has a high relative strength, it outperformed 86.29% 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) | DOWN | NEGATIVE | The current price of TBN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TBN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.4 | NEUTRAL | The RSI value for TBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.62 | NEUTRAL | The Stochastics value for TBN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for TBN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.68 | NEUTRAL | The ADX value for TBN suggests a possible start of a new trend. |
23.92
-0.69 (-2.8%)
TAMBORAN RESOURCES CORP / TBN FAQ
Can you provide the ChartMill technical rating for TAMBORAN RESOURCES CORP?
ChartMill assigns a technical rating of 5 / 10 to TBN.
What is the current trend direction of TAMBORAN RESOURCES CORP (TBN) stock?
The current trend direction for TAMBORAN RESOURCES CORP (TBN) is Bullish.
What is the RSI signal for TBN stock?
TAMBORAN RESOURCES CORP (TBN) has an RSI value of 44.399. This indicates that the stock is currently neutral.
What is the short term momentum for TBN stock?
The short term momentum for TAMBORAN RESOURCES CORP (TBN) is neutral.