TRANSGLOBE ENERGY CORP (TGA)

CA8936621066 - Common Stock

3.72  +0.27 (+7.83%)

After market: 3.74 +0.02 (+0.54%)

Technical Rating and Analysis

8

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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
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 214 other stocks in this industry. TGA outperforms 97% 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.
Weekly and Daily overview Charts
TGA Weekly chart
TGA Daily chart
Setup Rating and Analysis

3

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.

Support and Resistance Analysis

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.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)65.77
LBB2.31
UBB3.91
TGA Daily chart

TRANSGLOBE ENERGY CORP

NASDAQ:TGA (10/13/2022, 7:00:01 PM)

After market: 3.74 +0.02 (+0.54%)

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 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.24
ATR(20)%6.2%
ATR Inc
Range Today0.38
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
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 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.99M
Volume Incr60.55%
Vol(5)2.17M
Vol(50)1.13M