Tamboran Resources: MACD Death Cross, Bollinger Bands Narrowing on 15-minute chart.

Tamboran Resources' 15-minute chart has recently triggered a MACD Death Cross and Bollinger Bands Narrowing, as of May 15th, 2025 at 14:30. This suggests that the stock price may continue to decline and exhibit reduced volatility in the near term.

On May 15th, 2025, at 14:30, Tamboran Resources Corp (TBN) triggered a MACD Death Cross and Bollinger Bands Narrowing on its 15-minute chart. These technical indicators suggest that the stock price may continue to decline and exhibit reduced volatility in the near term.

The MACD (Moving Average Convergence Divergence) Death Cross occurs when the MACD line crosses below the signal line, indicating a potential bearish trend. The narrowing of the Bollinger Bands, which measure volatility, suggests that the price movement is becoming more constrained.

Tamboran Resources Corp, a gas company focused on supporting the Net Zero CO2 energy transition in Australia and Asia-Pacific, reported its third-quarter earnings and strategic initiatives on May 14th, 2025. The company highlighted its operational achievements, including the successful completion of 35 stages in the SS-2H ST1 well, setting a record for average proppant intensity in the Beetaloo Basin [1].

The company also announced a PIPE (Private Investment in Public Equity) of $55.4 million to fund ongoing drilling activities to reach plateau production from the proposed SS Pilot Project [2]. This funding will enable Tamboran to drill and complete the remaining three wells necessary to deliver first gas under the proposed ~40 MMcf/d SS Pilot Project by mid-2026.

While Tamboran Resources Corp has taken steps to secure additional funding and advance its drilling projects, the technical indicators suggest that the stock price may face downward pressure in the near term. Investors should closely monitor the company's progress and the broader market conditions to make informed decisions.

References:
[1] https://www.gurufocus.com/news/2863885/tamboran-resources-corp-reports-q3-2025-earnings-strategic-initiatives-and-financial-position-highlighted
[2] https://www.businesswire.com/news/home/20250513004034/en/Tamboran-Announces-US%2455.4-Million-PIPE-of-Common-Stock-to-Fund-Ongoing-Drilling-Activities-to-Reach-Plateau-Production-From-the-Proposed-SS-Pilot-Project