Tamboran Resources' 15-minute chart has exhibited a notable technical indicator, as the Relative Strength Index (RSI) has entered an oversold state and the KDJ (Kappa Delta Indicator) has formed a golden cross at 08/18/2025 09:45. This suggests that the stock price has experienced a sharp decline, falling below fundamental support levels, and is likely to rebound as momentum shifts towards an uptrend.
Tamboran Resources' 15-minute chart has exhibited a notable technical indicator, with the Relative Strength Index (RSI) entering an oversold state and the KDJ (Kappa Delta Indicator) forming a golden cross at 08/18/2025 09:45. This suggests that the stock price has experienced a sharp decline, potentially falling below fundamental support levels, and is likely to rebound as momentum shifts towards an uptrend.
The RSI Oversold indicator signals that the stock price has fallen too far, too fast, and is likely to bounce back. The KDJ Golden Cross, a combination of the KDJ lines, indicates a bullish signal where the K line crosses above the D line. This suggests a potential trend reversal and a move upwards in the stock price [1].
Investors and financial professionals should monitor these indicators closely as they provide valuable insights into the stock's technical performance. However, it is essential to consider these signals in conjunction with the company's fundamental data and overall market conditions.
Additionally, Tamboran Resources' parent company, Falcon Oil & Gas Ltd., recently announced a significant agreement with Native Title Holders and the Northern Land Council for the sale of appraisal gas from their Exploration Permits (EP) in the Beetaloo sub-basin. This agreement provides Native Title Holders' consent to the Beetaloo JV partners to sell gas under the legislated appraisal framework [1].
The Beetaloo JV partners, comprising Falcon Oil & Gas Australia Limited and Tamboran (B2) Pty Limited, have contracted an initial 40 million cubic feet per day to supply the Northern Territory Government until mid-2041, providing energy security for the Northern Territory. The commencement of gas sales to the Northern Territory Government via the Sturt Plateau Compression Facility is expected in mid-2026, subject to weather conditions and final stakeholder approvals [1].
While the technical indicators suggest a potential upward trend in Tamboran Resources' stock price, investors should remain cautious and conduct thorough research before making investment decisions. The stock's recent decline and the potential for further price appreciation should be considered alongside the company's fundamental performance and the broader market conditions.
References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3133170/0/en/Falcon-Oil-Gas-Ltd-Native-Title-holder-approval-obtained-to-sell-gas-under-Beneficial-Use-of-Gas-legislation.html
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