SOUTHGOBI RESOURCES LTD (SGQ.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:SGQ • CA8443751059
Overall SGQ gets a technical rating of 4 out of 10. SGQ performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 95% of all other stocks performed better in the past year than SGQ.
- SGQ is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 86% are performing better than SGQ.
- Warning: SGQ has an average volume of 8614 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month SGQ has a been trading in the 0.17 - 0.44 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- SGQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGQ is lagging the market.
SGQ has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.22
We found 2 important support areas.
- Support @0.23 from a trend line in the daily time frame.
- Support @0.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SGQ.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGQ.CA is neutral. |
| ChartMill Relative Strength | 5.15 | NEGATIVE | SGQ.CA has a low relative strength, it was outperformed by 94.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SGQ.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGQ.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for SGQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SGQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.62 | NEUTRAL | The Stochastics value for SGQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for SGQ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for SGQ.CA suggests a possible start of a new trend. |
TSX:SGQ (1/28/2026, 7:00:00 PM)
0.41
+0.07 (+20.59%)
SOUTHGOBI RESOURCES LTD / SGQ.CA FAQ
What is the ChartMill technical rating of SOUTHGOBI RESOURCES LTD (SGQ.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to SGQ.CA.
What is the current trend direction of SOUTHGOBI RESOURCES LTD (SGQ.CA) stock?
The current trend direction for SOUTHGOBI RESOURCES LTD (SGQ.CA) is Bearish.
Can you provide the RSI signal for SOUTHGOBI RESOURCES LTD?
SOUTHGOBI RESOURCES LTD (SGQ.CA) has an RSI value of 56.4429. This indicates that the stock is currently neutral.
What is the MACD signal for SGQ stock?
The MACD indicator for SOUTHGOBI RESOURCES LTD (SGQ.CA) has a value of 0.00609993, indicating a bearish trend.
What are the support and resistance levels for SOUTHGOBI RESOURCES LTD (SGQ.CA) stock?
SOUTHGOBI RESOURCES LTD (SGQ.CA) has a support level at 0.23 and a resistance level at 0.45. Check the full technical report for our detailed analysis of SGQ.CA support and resistance levels.