SOUTHGOBI RESOURCES LTD (SGQ.CA) Technical Analysis
TSX:SGQ • CA8443751059
Current stock price
SGQ.CA Technical Rating and Analysis
Taking everything into account, SGQ scores 3 out of 10 in our technical rating. SGQ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Warning: SGQ has an average volume of 10217 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, SGQ outperforms 63% of them, which is more or less in line with the market.
- SGQ is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 48% of 210 stocks in the same industry.
- 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.
- 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.
SGQ.CA Weekly and Daily overview Charts
SGQ.CA Setup Rating and Analysis
SGQ has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for SGQ in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SGQ.CA Support and Resistance Analysis
0.23
When analyzing the support we can see 2 important areas.
- Support @0.28 from a trend line in the daily time frame.
- Support @0.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.44 from a trend line in the daily time frame.
- 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.
SGQ.CA Technical Indicator Signal Analysis
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 | 63.57 | NEUTRAL | SGQ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SGQ.CA is above a declining 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) | 53.35 | 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) | 51.43 | NEUTRAL | The Stochastics value for SGQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.97 | HIGH VOLATILITY | The high ATR as a percentage value for SGQ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.03 | NEUTRAL | The ADX value for SGQ.CA suggests a possible start of a new trend. |
SGQ.CA Chart- and CandleStick Pattern Analysis
SGQ.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SGQ (4/9/2026, 7:00:00 PM)
0.395
+0.05 (+12.86%)
SOUTHGOBI RESOURCES LTD / SGQ.CA TA 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.
What is the RSI signal for SGQ stock?
SOUTHGOBI RESOURCES LTD (SGQ.CA) has an RSI value of 53.3529. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SOUTHGOBI RESOURCES LTD?
SOUTHGOBI RESOURCES LTD (SGQ.CA) has a support level at 0.28 and a resistance level at 0.44. Check the full technical report for our detailed analysis of SGQ.CA support and resistance levels.