- The trend backdrop is active with a 10-week active streak.
- Price is above the Trend Line, keeping the weekly tape constructive.
- Price is above Fair Value, showing premium demand versus the model.
- Activity pressure is positive on the latest completed week.
TNE
ASX
Week ended 07 Aug 2026
Weekly Investor Report
Technology One Limited · Technology · Software - Application
Latest close
32.75 AUD
6.5%
latest week
Weekly setup
Constructive, but selective
The weekly trend is active. Price is 16.8% above the Trend Line and sits at 62.8% of its 52-week range. The latest completed week returned 6.5%, after a 6.3% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers. The latest news-sentiment score is 50/100. Near-term considerations: volume confirmation is below normal.
Setup score
57
out of 100
Latest Close
32.75 AUD
7 Aug 2026
1W Return
6.5%
latest completed week
4W Return
6.3%
short-term follow-through
12W Return
15.8%
quarterly tape
Trend Breadth
42.3%
22 of 52 weeks active
Volume Ratio
0.9x
vs 13-week average
- No major top-level risk cluster is currently dominant.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
6.5%
Latest completed week; four-week move 6.3%.
Indicator stack
58/51
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
Next-Week Expectancy
Positive 55.46%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
News sentiment
50/100
3 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is active. Price is 16.8% above the Trend Line and sits at 62.8% of its 52-week range. The latest completed week returned 6.5%, after a 6.3% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 0.9x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.6212-week average 0.48
12-week confirmation
Trend active10/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership2/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.62Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 6.3% over four weeks, 15.8% over 12 weeks, and -17.7% over one year. The current trend has remained active for 10 consecutive weeks.
Performance by holding period
Active trend streak10 weeks
Active weeks in one year22
Trend breadth42.3%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.27Latest activity-pressure read.
Pressure change-51.1%Four-week change in activity pressure.
Leadership1.48Latest relative-leadership reading.
RS change168.0%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers.
Factor week 09 Aug 2026
Financial statements through 30 Sep 2025
Field coverage 85%
Model confidence 55%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength16/100Blend of value, momentum, and quality. Underlying universe rank 85; rank 1 is best.
Value1/100Relative valuation strength. Underlying universe rank 100; rank 1 is best.
Quality99/100Profitability and accounting quality. Underlying universe rank 2; rank 1 is best.
Momentum10/100Medium-term price momentum. Underlying universe rank 91; rank 1 is best.
Growth91/100Revenue and earnings growth. Underlying universe rank 10; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- 77.9x Price divided by trailing earnings.
- Price / sales
- 17.9x Market value relative to trailing revenue.
- EV / EBITDA
- 40.2x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 1.8% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 86.3% Gross profit retained from each unit of revenue.
- Operating margin
- 29.0% Operating profit retained from revenue.
- Free-cash-flow margin
- 31.4% Free cash flow generated from revenue.
- Return on invested capital
- 31.9% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- 18.2% Latest one-year revenue growth.
- EPS growth
- 16.2% Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- 56.6% Latest one-year free-cash-flow growth.
- Piotroski F-score
- 3/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- 1.2% Cash dividends relative to market value.
- Buyback yield
- 0.2% Net share repurchases relative to market value.
- Shareholder yield
- 1.3% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- -0.2x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment50/100
Weighted news tone is neutral across 3 relevant articles.
0 positive · 3 neutral · 0 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-18.6%Distance below the 52-week high.
13-week volatility5.9%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
13 Feb
13 Mar
10 Apr
8 May
5 Jun
3 Jul
7 Aug
Weeks higher16 of 2610 weeks finished lower.
Best week+22.7%Week of 20 Feb.
Worst week-8.6%Week of 24 Jul.
Latest week+6.5%Week of 7 Aug.
Shape of recent returns
Strong gains9
Modest gains7
Flat weeks0
Modest losses6
Sharp losses4
Recent vol5.9%13-week weekly-return volatility.
Base vol6.1%52-week weekly-return volatility.
Up/down split23/29Count of positive and negative weeks in the 52-week window.
Average skew4.8% / -4.2%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorAU Technology
4-week rank29 / 100
Group average-2.8%
Trend breadth21.0%
Trend21.0%active weekly trend signals
MD47.0%positive activity pressure
RS26.0%positive relative leadership
Four-week leaders
IndustryAU Software - Application
4-week rank16 / 52
Group average-0.7%
Trend breadth13.5%
Trend13.5%active weekly trend signals
MD46.2%positive activity pressure
RS19.2%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape55/100
Trend, activity pressure, participation, and risk combine to a 55/100 tape read.
Indicator analysis65/100Latest 12-week confirmation: trend 10/12, activity pressure 12/12, relative leadership 2/12.
Activity pressure 0.62; No reversal markers Next-Week ExpectancyPositive 55.46%Next-week expectancy is positive with a 55.46% historical one-week setup read.
Adds short-term historical context without overriding trend, activity, or relative leadership. Factors32/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Buyback Yield rank 10 Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment50/100Weighted news tone is neutral across 3 relevant articles.
Technology One (ASX:TNE) Net Margin Compression Tests Premium Growth Narrative Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | 32.75 AUD | 6.5% | 28.04 AUD | 25.68 AUD | 0.27 | 1.48 | 3.1M | On |
| 31 Jul 2026 | 30.76 AUD | 13.5% | 27.86 AUD | 25.56 AUD | 0.28 | -2.17 | 5.5M | On |
| 24 Jul 2026 | 27.11 AUD | -8.6% | 27.76 AUD | 25.46 AUD | 0.29 | -12.33 | 3.8M | On |
| 17 Jul 2026 | 29.66 AUD | -3.7% | 27.81 AUD | 25.39 AUD | 0.48 | -5.06 | 3.5M | On |
| 10 Jul 2026 | 30.80 AUD | 1.0% | 27.76 AUD | 25.29 AUD | 0.55 | -2.18 | 2.9M | On |
| 3 Jul 2026 | 30.48 AUD | 5.6% | 27.64 AUD | 25.19 AUD | 0.65 | -4.15 | 776.6K | On |
| 26 Jun 2026 | 28.87 AUD | -3.7% | 27.58 AUD | 25.09 AUD | 0.91 | -8.97 | 903.6K | On |
| 19 Jun 2026 | 29.97 AUD | -4.2% | 27.62 AUD | 25.00 AUD | 1.12 | -6.88 | 2.1M | On |
| 12 Jun 2026 | 31.30 AUD | -3.2% | 27.59 AUD | 24.91 AUD | 1.27 | -3.15 | 829.2K | On |
| 5 Jun 2026 | 32.33 AUD | 8.3% | 27.68 AUD | 24.80 AUD | 1.16 | 1.50 | 6.7M | On |
| 29 May 2026 | 29.84 AUD | 1.4% | 27.78 AUD | 24.69 AUD | 0.88 | -8.02 | 1.7M | Off |
| 22 May 2026 | 29.42 AUD | 4.0% | 28.00 AUD | 24.61 AUD | 0.77 | -9.18 | 8.2M | Off |
| 15 May 2026 | 28.28 AUD | 1.3% | 28.29 AUD | 24.52 AUD | 0.58 | -12.94 | 4.9M | Off |
| 8 May 2026 | 27.92 AUD | 0.1% | 28.62 AUD | 24.43 AUD | 0.61 | -15.47 | 4.7M | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.