NG ENERGY INTERNATIONAL CORP (GASX.CA) Stock Technical Analysis
TSX-V:GASX - TSX Venture Exchange - CA62931J1021 - Common Stock - Currency: CAD
Taking everything into account, GASX scores 2 out of 10 in our technical rating. GASX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, GASX is a bad performer in the overall market: 76% of all stocks are doing better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
GASX is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 41% of 212 stocks in the same industry.
GASX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GASX is lagging the market slightly.
In the last month GASX has a been trading in the 0.85 - 0.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GASX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.92, a Stop Loss order could be placed below this zone.
More info and screens
0.80
1.13
We found 2 important support areas.
- A support zone ranging from 0.90 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.81 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.96 to 0.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.05 from a horizontal line in the daily time frame.
- Resistance @1.12 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for GASX.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GASX.CA is neutral. |
| ChartMill Relative Strength | 24.4 | NEGATIVE | GASX.CA has a low relative strength, it was outperformed by 75.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GASX.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GASX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GASX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.3 | NEUTRAL | The RSI value for GASX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GASX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.52 | NEUTRAL | The Stochastics value for GASX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for GASX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.96 | NEGATIVE | The low ADX value for GASX.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:GASX (6/20/2025, 7:00:00 PM)
0.92
+0.02 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.22%
1 Week2.22%
2 Weeks-1.08%
1 Month-4.17%
3 Month-2.13%
6 Month-16.36%
12 Month-8%
2 Year41.54%
3 Year-20%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%3.32%
ATR Inc-45.1%
Range Today0.02
ADR(20)0.03
ADR(20)%2.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.4
Mansfield-0.92
10 Day High0.96
10 Day Low0.85
20 Day High0.96
20 Day Low0.85
52 Week High1.23
52 Week Low0.77
CS1 End0.92
CR1 Start0.92
Volume & EV
DER(3)0%
DER(5)0%
Volume98.97K
Volume Incr19.56%
Vol(5)115.08K
Vol(50)114.71K