TRANSGLOBE ENERGY CORP (TGA) Technical Analysis
NASDAQ:TGA • CA8936621066
Current stock price
TGA Technical Rating and Analysis
Taking everything into account, TGA scores 8 out of 10 in our technical rating. In the past year, TGA was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- 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 part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. TGA outperforms 90% of them.
- 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 trading in the upper part of its 52 week range, so TGA is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
TGA Weekly and Daily overview Charts
TGA Setup Rating and Analysis
Although TGA has an excellent technical rating, it does not present a decent entry opportunity 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.
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TGA Support and Resistance Analysis
2.59
3 important support areas can be observed.
- 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.
TGA 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 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. |
TGA Chart- and CandleStick Pattern Analysis
TGA Technicals: Chart, Performance Metrics, Trend & Indicators
3.72
+0.27 (+7.83%)
TRANSGLOBE ENERGY CORP / TGA TA FAQ
What is the technical rating for TGA stock?
ChartMill assigns a technical rating of 7 / 10 to TGA.
Can you provide the trend direction for TRANSGLOBE ENERGY CORP?
The current trend direction for TRANSGLOBE ENERGY CORP (TGA) is Bearish.
What is the RSI signal for TRANSGLOBE ENERGY CORP (TGA) stock?
TRANSGLOBE ENERGY CORP (TGA) has an RSI value of 65.7683. This indicates that the stock is currently neutral.
What is the MACD signal for TGA stock?
The MACD indicator for TRANSGLOBE ENERGY CORP (TGA) has a value of 0.0943616, indicating a bearish trend.
What are the support and resistance levels for TRANSGLOBE ENERGY CORP (TGA) stock?
TRANSGLOBE ENERGY CORP (TGA) has a support level at 3.32. Check the full technical report for our detailed analysis of TGA support and resistance levels.