Technical Indicators. A good source of info can be found at TA: A to Z, @ equis.com
ADX, i.e., ADX/ADXR combined, has been flat since early April, so I can't place much weight on it . This combined plot of directional movement & it's normalized counterpart can predict upcoming volatility when the two lines diverge. Another common signal for which it is used, is when the ADX drops below 20 (%) and then crosses back through it in a rising trend. Bullishness is added when the lines converge/cross, also. TNRG has done this a number of times lately w/o a decent price reaction, so this indicator currently has little predictive value.
The Parabolic SAR is an accelerated lagger. It exploits progressively shorter Exponential Moving Averages (EMAs) as volatility increases to show the current price trend. Sells are indicated when the price is below the PSAR. Except for the pops, TNRG has been under the PSAR for...damn it goes of the screen to the left...
Polarized Fractal Efficiency (PFE) makes cool lookin' charts...It based on Fractal Geometry, and how it's derived, I'm not sure. It's used as a platform; when it's flat on the bottom side, it's primed for a price move up; at the top, price down. Sometimes it stutters on a rise or fall which gives you a chance to get in or out based on other signals. After this years initial run, PFE was pegged at the top for a while. A few hiccups and it's bottomed, waiting patiently for a reason to rise up.
Pring's KST measures the rate of change in the price and usually oscillates around 0. moves from negative values through zero to the positive range are considered bullish. TNRG has managed to stay above 0 lately, but each little blip up has also faltered.
Basically, the charts have hinted at some price appreciation on & off for quite a while now. But things keep getting screwed up, or rather down. I would suspect that something artificial is capping the price; lack of interest, dilution, MMs, take your pick, or add one. I was very close to exiting recently, but I'm slowly picking up more bullish signals. I wait for a while longer to see if the price reacts, or I get screwed some more... |
