SOUTHGOBI RESOURCES LTD (SGQ.CA) Stock Technical Analysis
TSX:SGQ - CA8443751059 - Common Stock
0.395 CAD
+0.02 (+3.95%)
Taking everything into account, SGQ scores 1 out of 10 in our technical rating. SGQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SGQ is a bad performer in the overall market: 94% of all stocks are doing better.
SGQ is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 84% of 211 stocks in the same industry do better.
SGQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: SGQ has an average volume of 6457 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 0.35 - 0.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SGQ has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.33
0.61
When analyzing the support we can see 2 important areas.
- Support @0.38 from a horizontal line in the daily time frame.
- Support @0.33 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.56 from a trend line in the weekly time frame.
- Resistance @0.60 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for SGQ.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGQ.CA is down. |
| ChartMill Relative Strength | 6.05 | NEGATIVE | SGQ.CA has a low relative strength, it was outperformed by 93.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SGQ.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGQ.CA is below 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) | 49.13 | NEUTRAL | The RSI value for SGQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SGQ.CA has a positive trend. |
| Stochastics (14,3) | 35.09 | NEUTRAL | The Stochastics value for SGQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for SGQ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for SGQ.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:SGQ (8/22/2025, 7:00:00 PM)
0.395
+0.02 (+3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.95%
1 Week1.28%
2 Weeks-8.14%
1 Month9.72%
3 Month-13.19%
6 Month-30.7%
12 Month-47.33%
2 Year182.14%
3 Year119.44%
5 Year338.89%
10 Year-35.25%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5.89%
ATR Inc-53.95%
Range Today0
ADR(20)0.01
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.05
Mansfield-3.32
10 Day High0.45
10 Day Low0.36
20 Day High0.45
20 Day Low0.36
52 Week High0.79
52 Week Low0.3
CS1 End0.38
CR1 Start0.41
Volume & EV
DER(3)0%
DER(5)0%
Volume1.00K
Volume Incr-77.95%
Vol(5)1.72K
Vol(50)6.46K