TRANSGLOBE ENERGY CORP (TGA) Stock Technical Analysis
USA - NASDAQ:TGA - CA8936621066 - Common Stock
Overall TGA gets a technical rating of 8 out of 10. 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.
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.
More info and screens
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.
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. |
3.72
+0.27 (+7.83%)
TRANSGLOBE ENERGY CORP / TGA FAQ
What is the technical rating for TGA stock?
ChartMill assigns a technical rating of 7 / 10 to TGA.
What is the current trend direction of TRANSGLOBE ENERGY CORP (TGA) stock?
The current trend direction for TRANSGLOBE ENERGY CORP (TGA) is Bearish.
What is the RSI signal for TGA stock?
TRANSGLOBE ENERGY CORP (TGA) has an RSI value of 65.7683. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRANSGLOBE ENERGY CORP?
The MACD indicator for TRANSGLOBE ENERGY CORP (TGA) has a value of 0.0943616, indicating a bearish trend.
Can you provide the short term momentum for TRANSGLOBE ENERGY CORP?
The short term momentum for TRANSGLOBE ENERGY CORP (TGA) is positive.