TGR.AX stuck within tight trading range

Tassal Group Limited (TGR.AX) Technical Analysis Report for Sep 14, 2018


TGR.AX finds buyers again around 4.23
TGR.AX stuck within tight trading range
TGR.AX closes within previous day's range after lackluster session
TGR.AX ends the day indecisive

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:


TGR.AX ended the week -0.92% lower at 4.30 after losing A$0.01 (-0.23%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for TGR.AX


Friday's trading range was A$0.07 (1.63%), that's below last trading month's daily average range of A$0.09. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 4.23 and 4.33 which it has been in now for the last three days.


Prices are trading close to the key resistance level at 4.33. After having been unable to move lower than 4.23 in the prior session, Tassal Group found buyers again around the same price level today at 4.23.


While the stock is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Order Flow

Buying could accelerate should prices move above the nearby swing high at 4.39 where further buy stops might get activated. Further selling could move prices lower should the market test August's close-by low at 4.13.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.

Market Conditions for Tassal Group Limited

Loading Market Conditions for $TGR.AX (Tassal Group Limited)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Tassal Group Limited traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

A2M.AX 10 day candlestick chart for A2M.AX 10.87 -0.43 (-3.81%)
AHY.AX 10 day candlestick chart for AHY.AX 0.78 0.08 (11.43%)
BAL.AX 10 day candlestick chart for BAL.AX 9.46 -0.15 (-1.56%)
BGA.AX 10 day candlestick chart for BGA.AX 6.93 0.18 (2.67%)
BKL.AX 10 day candlestick chart for BKL.AX 138.31 -0.59 (-0.42%)
CCL.AX 10 day candlestick chart for CCL.AX 9.49 -0.09 (-0.94%)
CGC.AX 10 day candlestick chart for CGC.AX 6.82 0.02 (0.29%)
GEM.AX 10 day candlestick chart for GEM.AX 2.02 0.04 (2.02%)
GNC.AX 10 day candlestick chart for GNC.AX 8.02 0.06 (0.75%)
IEL.AX 10 day candlestick chart for IEL.AX 10.05 -0.01 (-0.10%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!