SOUTHGOBI RESOURCES LTD (SGQ.CA) Technical Analysis
TSX:SGQ • CA8443751059
Overall SGQ gets a technical rating of 3 out of 10. In the past year, SGQ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 67% of all other stocks performed better in the past year than SGQ.
- SGQ is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, of which 79% are performing better than SGQ.
- Warning: SGQ has an average volume of 7804 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- SGQ 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 SGQ is lagging the market slightly.
- In the last month SGQ has a been trading in the 0.28 - 0.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SGQ is bad and it also does not present a 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
0.23
2 important support areas can be observed.
- Support @0.29 from a trend line in the daily time frame.
- Support @0.23 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @0.42 from a trend line in the daily time frame.
- Resistance @0.44 from a trend line in the daily time frame.
- Resistance @0.45 from a horizontal 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 SGQ.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGQ.CA is neutral. |
| ChartMill Relative Strength | 33.4 | NEUTRAL | SGQ.CA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SGQ.CA is above the rising 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) | 53.55 | NEUTRAL | The RSI value for SGQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SGQ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.2 | NEUTRAL | The Stochastics value for SGQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.47 | HIGH VOLATILITY | The high ATR as a percentage value for SGQ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.88 | NEUTRAL | The ADX value for SGQ.CA suggests a possible start of a new trend. |
SGQ.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SGQ (3/12/2026, 7:00:00 PM)
0.395
+0.1 (+31.67%)
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 3 / 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 53.5478. 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 -0.00407, 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 0.29 and a resistance level at 0.42. Check the full technical report for our detailed analysis of SGQ.CA support and resistance levels.