TRANSGLOBE ENERGY CORP (TGA) Stock Technical Analysis
NASDAQ:TGA - Nasdaq - CA8936621066 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to TGA. Although TGA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, TGA did better than 96% of all other stocks.
TGA is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 213 stocks in the same industry.
In the last month TGA has a been trading in the 2.47 - 3.90 range, which is quite wide. It is currently trading near the high of this range.
TGA has an average volume of 1128970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TGA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGA is lagging the market.
Volume is considerably higher in the last couple of days.
Although TGA has an excellent technical rating, it 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
2.59
3.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.28 to 3.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.68 from a trend line in the weekly time frame.
- Support @2.62 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 TGA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGA is up. |
| ChartMill Relative Strength | 96.15 | POSITIVE | TGA has a high relative strength, it outperformed 96.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.77 | NEUTRAL | The RSI value for TGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests TGA has a positive trend. |
| Stochastics (14,3) | 71.1 | NEUTRAL | The Stochastics value for TGA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for TGA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.35 | NEUTRAL | The ADX value for TGA suggests a possible start of a new 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)
3.72
+0.27 (+7.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.83%
1 Week3.91%
2 Weeks38.29%
1 Month20.78%
3 Month11.38%
6 Month-16.78%
12 Month42.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%6.2%
ATR Inc22.38%
Range Today0.38
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.15
Mansfield2.31
10 Day High3.9
10 Day Low2.6
20 Day High3.9
20 Day Low2.47
52 Week High5.5
52 Week Low2.4
CS1 End3.32
CR1 StartN/A
Volume & EV
DER(3)-2.43%
DER(5)-3.1%
Volume1.99M
Volume Incr60.55%
Vol(5)2.17M
Vol(50)1.13M